Move-In-Ready Office/Retail Condominium
For Sale
$435,000
2504 E 350 S, Lafayette, IN 47909
COMMERCIAL - Lafayette, IN
Property Size2,817 SF
Lot Size0.05 Acres
Price / SF$154.42
Days on Market63
Property Features for 2504 E 350 S
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
City
Directions
Head west on 350 S from SR 38, Rt on IFCU Dr, Right on IFCU way, Property on the right
Subdivision
Tippecanoe County
Standard status
Active
APN
79-11-09-279-009.009-032
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A9& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A10& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A11& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A12& UND INT COMMON AREA (Parcel ID: 79-11-09-279-012.009-032)
Tax Annual Amount
5698
Legal Description
SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A9& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A10& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A11& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A12& UND INT COMMON AREA (Parcel ID: 79-11-09-279-012.009-032)
Utilities
Cooling system
Central Air
Building Details
Year built
2004
Flooring type
Tile, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Keller Williams Lafayette · Keller Williams Realty
(765) 807-7177
Listed By:
Steven Childers · License #RB22002269
(765) 413-6046
Added: Jun 5
Changed: Aug 4
Last Checked: Aug 6 at 7:06AM
MLS# 202621850
Copyright © 2026 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Move-in-ready office/retail condominium suite for sale (or lease) at 2504 E 350 S in Lafayette. The approximately 2,817 SF space offers a flexible floor plan with a large open workspace supported by perimeter offices. Flooring includes tile and ceramic tile, and the suite is served by central air. Built in 2004, the property also includes existing plumbing and nail station hookups that may benefit future users. A flexible interior layout supports a variety of office, medical, wellness, retail, showroom, or service-oriented uses.
Located along Veterans Memorial Parkway South, the property benefits from approximately 18,000 vehicles per day and strong visibility. The location provides convenient access and ample shared parking, with immediate occupancy available.
Located along Veterans Memorial Parkway South, the property benefits from approximately 18,000 vehicles per day and strong visibility. The location provides convenient access and ample shared parking, with immediate occupancy available.
Key Highlights
- Approximately 2,817 SF flexible office/retail condominium suite with large open workspace
- Perimeter offices plus existing plumbing and nail station hookups
- Central air and tile flooring throughout
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.2k | $21.00 |
| − Vacancy | −$14.2k | −$5.04 |
| EGI | $45.0k | $15.96 |
| − OpEx | −$11.2k | −$3.99 |
| NOI | $33.7k | $11.97 |
2,817 SF · lease $21.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$481.7K
$421.5K – $562.0K
NOI $33,719 @ 7.0% cap · market cap 7.75%
Second Best
Healthcare Medical
$479.8K
$419.8K – $559.7K
NOI $33,583 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 47909, IN
42,759
Population
18,455
Households
2.3
Avg Household Size
34
Median Age
32%
College-Educated
91%
High-School Grad
118.0 sq mi
ZIP Area
362
Density / Sq Mi
$67,341
Median Household Income
$42,309
Median Earnings
$1,091
Median Rent
$203,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready office suite with flexible layout, central air, and existing plumbing hookups on a high-visibility parkway.
Where is this office units located?
The property is located at 2504 E 350 S Lafayette, IN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Approximately 2,817 SF flexible office/retail condominium suite with large open workspace; Perimeter offices plus existing plumbing and nail station hookups; Central air and tile flooring throughout
