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    1800 South St Lafayette, IN 47904

    Sponsored
    For Sale
    $360,000

    Downtown Lafayette Office Building, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 1800 South Street in the heart of Lafayette, Indiana, presents a unique investment opportunity. The building, situated on a 0.19-acre lot, currently functions as a two-unit office building, but its adaptable design allows for easy conversion back to a three-unit configuration. This flexibility caters to a wide range of business needs and potential rental income streams. One unit previously housed an audiologist's office, showcasing its suitability for medical or professional practices. The exterior has recently undergone a refresh, enhancing its curb appeal and market value. Ample parking is provided with a dedicated lot accommodating ten vehicles. The property also features a full basement, offering significant additional space for storage or potential expansion, and a large walk-up attic providing further storage capacity. The building's central Lafayette location ensures high visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving commercial district. The asking price of $360,000 reflects the property's strong potential for return on investment, given its versatile layout, convenient location, and recent exterior improvements. This is a rare opportunity to acquire a well-maintained, adaptable commercial building in a prime Lafayette location. The property's size and features make it suitable for a variety of uses, offering significant upside potential for the discerning investor.

    Property Features for 1800 South St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Rene Johnson, New ... Insurance Agency Advanced Benefit Designs ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.87697
    Latitude
    40.4175

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Lafayette Office Building, High Potential
    Where is this commercial real estate located?
    The property is located at 1800 South St Lafayette, IN.
    What is the asking price?
    The asking price for this property is $360,000.
    (765) 838-1998
    Request Owner's contact information
    1800 South St Lafayette, IN 47904
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    Lafayette, IN 47904
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    Realmo Value Estimation

    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.

    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.

    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
    1800 South St Lafayette, IN 47904
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