Downtown Mixed Use

Office for Sale
Catylist Listing ID: 30123412
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 8,448 SF
Gross Land Area: 0.14 Acres
Sale Price: $675,000
Unit Price: $79.90 PSF
Property Use Type: Investment
Class of Space: Class B
Usable Size (USF): 8,448 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2017

Overview / Comments

Corner building located on 3rd & Brown downtown Lafayette. Across from City Bus depot and just one block from the courthouse. Offices, restrooms and breakroom on 1st floor and 2 apartments on 2nd floor. 8448 GLA. Apartments generate $1800/mo. in rent, commercial space currently vacant. Great value add opportunity for an investor or developer. Located along Lafayette's riverfront corridor.

Additional Details

Nearest MSA: Lafayette-West Lafayette
County: Tippecanoe
Submarket Type: Central Business District
Tax ID/APN: 790720408010000004
Zoning: CB
Property Visibility: Excellent
Highway Access: Across the bridge from Purdue. Minutes from 231 corridor and 10 minutes from I65.
Site Description: Located just one block from the courthouse square in downtown Lafayette. Near the Wabash river across from the new Citybus depot.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1952
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick and masonry, large storefront windows and street access.
Parking Type: Surface
Parking Description: Street parking available and parking lot across the street.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Drop ceiling with divided office space in 423. 2 1-bedroom apartments on 2nd floor.
Zoning Description: Central Business, mixed use
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: BARTHOLOMEW & DAVIS LOT N SIDE LOT 18 & 21.5 FT S SIDE LOT 17

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,700 100,090 142,759
Median Age: 26.04 29.99 31.39
Households: 9,276 38,019 54,776


Photograph of Listing Agent

Jennie Kirby

The Kirby Group at KW Commercial
ICREX Member
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