Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2441 West Congress St Lafayette, LA 70506

    Sponsored
    For Sale
    $650,000

    Restaurant,Retail - Lafayette, LA

    Property size:
    2,790 SF
    Lot size:
    0.78 Acres
    Days on Market:
    57
    Last Refresh:
    Feb 9 at 2:06 am

    Property Features for 2441 West Congress St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Parking Lot
    Size
    2,790 SF
    Lot size
    0.78 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Asim Baloch

    Weiser Realty & Property Managment, LLC (337) 345-8677

    Listing agent Asim Baloch (337) 345-8677

    Listing date Dec 15, 2025

    MLS# 2500002192 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restaurant/Retail Opportunity on Congress Street

    This property presents an opportunity for a new or established business seeking a location for a restaurant, retail shop, sports bar, or bodega. The property is situated on Congress Street, a well-known and busy street in Lafayette. The 0.78-acre lot includes the building and all kitchen equipment. The 2,790 square-foot building is located on West Congress Street. The location is near the Evangeline Corridor Initiative's upcoming catalyst projects funded by the Lafayette Consolidated Government. This project, which began in September, will add planted medians, bike lanes, enlarged sidewalks, on-street parking and trees to West Congress Street, enhancing the property and its potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sunshine Sweets Art, Chad's Cajun Catering, LLC

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0512859
    Latitude
    30.2103361

    Nearby Similar for Sale

    • New
      $995,000
      22,000 SF

      Prime Retail Landmark on Johnston

      22,000 SF retail property on Lafayette's premier commercial artery.
      2015 Johnston St, Lafayette, LA 70503
      View Details
    • $335,000
      3,000 SF

      Lafayette Office Condo by River

      Two-story office condo with river views in Lafayette, Louisiana.
      241 La Rue France, Lafayette, LA 70508
      View Details
    • $499,000
      2,654 SF

      Lafayette Commercial Property For Sale

      Two buildings on 0.43 acres with CM1 zoning potential.
      1803 W University Ave, Lafayette, LA 70506
      View Details
    • New
      $295,000
      3,940 SF

      Lafayette Quadruplex with Shop

      Fully occupied investment property with four units and shop.
      427 N Sterling St, Lafayette, LA 70501
      View Details
    • New
      $1,350,000
      2,380 SF

      Lafayette Ranch, Farm, Residence

      Ranch, farm, and single family residence in Lafayette, Louisiana.
      552 Renaud Dr, Lafayette, LA 70507
      View Details
    • $1,250,000
      30,680 SF

      Lafayette Income-Producing Properties Package

      Package of 14 income-producing properties across Lafayette, Sunset, and Opelousas.
      305 Thelma Dr, Lafayette, LA 70506
      View Details
    • $1,300,000
      8,816 SF

      Lafayette Office Building with Income

      Professional office property in Lafayette with optional income potential.
      114 Representative Row, Lafayette, LA 70508
      View Details
    • $597,500
      3,510 SF

      Downtown Lafayette Corner Opportunity

      Three properties on a bustling corner, endless potential uses.
      712 W Congress St, Lafayette, LA 70501
      View Details
    • $485,000
      6,720 SF

      Downtown Lafayette Restaurant Opportunity

      Renovated restaurant with development potential in downtown Lafayette.
      537 Jefferson St, Lafayette, LA 70501
      View Details
    • $799,500
      3,364 SF

      Lafayette Triplex: Turnkey Investment

      Renovated Lafayette triplex, ideal for short-term rentals and Airbnb.
      103 S Southlawn Dr, Lafayette, LA 70503
      View Details
    • $799,500
      3,364 SF

      Lafayette Turnkey Short-Term Rental Property

      Completely renovated, fully furnished short-term rental property in Lafayette.
      103 S Southlawn Dr, Lafayette, LA 70503
      View Details
    • $237,000
      1,791 SF

      Renovated Duplex with Mixed-Use Zoning

      Centrally located, renovated duplex with short-term rental potential.
      301 S Pierce St, Lafayette, LA 70501
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime location for restaurant, retail, or sports bar.
    Where is this restaurant located?
    The property is located at 2441 West Congress St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-traffic location on Congress Street; - Includes property, building, and all kitchen equipment; - Upcoming streetscape project will enhance the property with planted medians, bike lanes, enlarged sidewalks, on-street parking and trees
    (337) 345-8677
    Request Owner's contact information
    2441 West Congress St Lafayette, LA 70506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2441 West Congress St
    Lafayette, LA 70506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2441 West Congress St Lafayette, LA 70506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Asim Baloch
    (337) 345-8677
    Learn more
    Google sign-in failed. Please try again or use another login method.