Bank Substation with Drive-Through
For Sale
$126,900
1137 N Main Street, Opelousas, LA 70570
COMMERCIAL - Opelousas, LA
Property Size842 SF
Price / SF$150.71
Days on Market930
Property Features for 1137 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Exterior features
Pole Sign
Lot features
Level
Directions
I 49 N. to Opelousas exit 19B, go west on Hwy 190 then right on N Union Street. Union will curve to the left after the Catholic Church and you will turn right on (LA 182) N Main. The building is on the left next to the Dollar Tree.
Subdivision
L2
Standard status
Active
APN
0102834500
Size
842 SF
Taxes and HOA fees
Tax Description
1 LOT (96.1X135.75) N MILLSPAUGH S W YAMBILEE COURTS E HIGHWAY
Legal Description
1 LOT (96.1X135.75) N MILLSPAUGH S W YAMBILEE COURTS E HIGHWAY
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Composition
Listing Agency:
RE/MAX Excellence
(337) 678-3663
Listed By:
Toni L Effingger · License #0995680712
(337) 793-5738
Added: Jan 17, 2024
Changed: Jul 1
Last Checked: Aug 4 at 9:06PM
MLS# 24000457
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.
Investment Insights
Based on property information with market context.
This versatile, turn-key commercial building features a cathedral ceiling and an open concept interior designed for flexible use. The property includes two drive-through windows, original functional drawers built for money handling, and a secure vault. It is currently operating as a barber shop, with the layout supporting both walk-in and drive-through service through the dedicated windows.
Located at 1137 N Main Street in Opelousas, Louisiana, the building sits in a high traffic area. Recent exterior and site updates include a roof replacement, a freshly painted exterior, and a privacy fence completed in 2022.
For buyers and tenants looking for a distinctive storefront with drive-through capability and a flexible interior, this structure offers a built-in service setup and secure, interior storage through the vault. The existing configuration may support a wide range of commercial uses where an open floor plan, dedicated drive-through windows, and low-maintenance improvements are important.
Located at 1137 N Main Street in Opelousas, Louisiana, the building sits in a high traffic area. Recent exterior and site updates include a roof replacement, a freshly painted exterior, and a privacy fence completed in 2022.
For buyers and tenants looking for a distinctive storefront with drive-through capability and a flexible interior, this structure offers a built-in service setup and secure, interior storage through the vault. The existing configuration may support a wide range of commercial uses where an open floor plan, dedicated drive-through windows, and low-maintenance improvements are important.
Key Highlights
- High‑traffic location ideal for business ventures.
- Unique building with a captivating design and versatile open concept interior.
- Includes a secure vault.
Financial Insights For Specialty Retail
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 | $11.6k | $13.80 |
| − Vacancy | −$720 | −$0.86 |
| EGI | $10.9k | $12.94 |
| − OpEx | −$2.7k | −$3.24 |
| NOI | $8.2k | $9.71 |
842 SF · lease $13.80/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$116.8K
$102.2K – $136.2K
NOI $8,174 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$83.7K
$73.2K – $97.6K
NOI $5,856 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$127.0K
$111.2K – $148.2K
NOI $8,892 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank substation with cathedral ceiling and secure vault, currently configured as a barber shop.
Where is this bank located?
The property is located at 1137 N Main Street Opelousas, LA.
What is the asking price?
The asking price for this property is $126,900.
What are key features of this property?
This property features: High‑traffic location ideal for business ventures.; Unique building with a captivating design and versatile open concept interior.; Includes a secure vault.
