Earl & Hatcher Office Building

Office for Sale
Catylist Listing ID: 30324572
Property Subtypes: Governmental, High-Tech, Office Building, Research & Development
Building Size (RSF): 45,860 SF
Sale Price: $4,200,000
Unit Price: $91.58 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Earl & Hatcher Block
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2021

Overview / Comments

Multi-Tenant 4 story office building with Class "A" office space with separate parking lot. Several long time building tenants. Varying sized offices with staggered Tenant renew dates helps keep occupancy high. Full basement has great storage opportunities or could be redeveloped office use. Detailed financial info provided to qualified buyers.

Attractive rent rates & interiors to suit tenant needs.

Prime location within walking distance to the courthouse.

Various sized suites: 386-1932 SF

Attachments & Media

Additional Details

Nearest MSA: Lafayette-West Lafayette
County: Tippecanoe
Tax ID/APN: 790720465010009004
Property Located Between: Columbia an South Streets
Property Visibility: Excellent
Highway Access: Easy access to US Hwy 231 by Purdue University. I-65 access via South Street.
Airports: Purdue University
Site Description: Two very prominent corner lots at South and 3rd Streets. Building sits on NW lot. Surface parking lot on SW corner. One of the few downtown office buildings with on site parking.
Area Description: One block south of Tippecanoe County Court House and 1 mile from Purdue University in the heart of downtown. This great location makes recruiting employees easier because of the many restaurants and retail options within walking distance.
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 4,500 SF
Year Built: 1865
Year Renovated: 1998
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick and Limestone exterior with detailed cornice and lots of windows.
Parking Type: Surface
Parking Description: Surface lot across South Street is a part of the property. Additional Tenant parking is available in county parking garage in rear of building.
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: Dry
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, T1/T3
Interior Description: Main 1st Floor lobby with tenant directory and elevator lobby. Multiple offices suites with common restrooms on each of the upper floors.
Zoning Description: Central Business (CB) permits all office uses.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,817 100,436 142,759
Median Age: 27.1 29.71 31.39
Households: 9,866 38,200 54,776


Photograph of Listing Agent

Doug Anderson

Candor Realty ICREX Member
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