Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    842 Main St Lafayette, IN 47901

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,125 /Mo ($15 SF/Yr)

    Retail space for lease in Lafayette's Historical District.

    Property size:
    893 SF
    Lot size:
    0.05 Acres

    Property Features for 842 Main St

    General Information

    Size
    893 SF
    Lot size
    0.05 Acres

    We can help!

    Listing Contact
    Doug Anderson
    Doug Anderson
    Source: Moodyscre

    Listing Agent: Doug Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Lafayette Retail Space Available

    This retail space is located in Downtown Lafayette’s Historical District. The property is situated in the vicinity of the free Wabash Trolley Line, retail options, dining establishments, and entertainment venues. The suite offers convenient access to the excitement of downtown, Purdue University, and interstate connections. The property has a size of 893 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pure Essentials Downtown, ... Store Action Furnace Repair ... Hvac Contractor

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -86.8870563
    Latitude
    40.4192613

    Nearby Similar for Lease

    • $3,300 /Mo
      5,900 SF

      Lafayette Commercial Facility for Lease

      1.25-acre commercial facility ideal for landscaping, construction, or agriculture.
      2454 Old Us Highway 231 S, Lafayette, IN 47905
      View Details
    • $16 SF/Yr
      1,916 SF

      Historic Office Building in Lafayette

      Well-maintained office space in downtown Lafayette near Purdue University.
      427 Main St, Lafayette, IN 47901
      View Details
    • $8 SF/Yr
      36,839 SF

      Market Square Retail Spaces Available

      Prime Lafayette retail space, multiple sizes.
      2200 Elmwood Ave, Lafayette, IN 47904
      View Details
    • $7 SF/Yr
      1,640 SF

      Retail/Office Space with Ample Parking

      High-visibility retail or office space with easy access and parking.
      311 Sagamore Pkwy N, Lafayette, IN 47904
      View Details
    • $10 SF/Yr
      1,350 SF

      Downtown Lafayette Office Space Available

      Office suite in a brick building with ample parking.
      200 Ferry St, Lafayette, IN 47901
      View Details
    • Contact for pricing
      9,872 SF

      Lafayette Medical Office Space for Lease

      Prime Medical Office Suites Available in Lafayette, IN
      1345 Unity Pl, Lafayette, IN 47905
      View Details
    • Contact for pricing
      9,476 SF

      Lafayette Medical Office Space

      9,476 SF Available, Prime Location
      1425 Unity Pl, Lafayette, IN 47905
      View Details
    • Contact for pricing
      2,080 SF

      Professional Office Space for Lease

      2080 SF office space near Tippecanoe Mall.
      200 Professional Ct, Lafayette, IN 47905
      View Details
    • $60 SF/Yr
      3,600 SF

      Lafayette Greenhouse Retail Space

      3600 sq ft Greenhouse, Great Location
      125 Creasy Ln, Lafayette, IN 47905
      View Details
    • $16 SF/Yr
      2,880 SF

      Executive Office Space in Lafayette

      Premium office space in Cascada Business Park, move-in ready.
      958 Mezzanine Dr, Lafayette, IN 47905
      View Details
    • $10 SF/Yr
      78,326 SF

      Jefferson Square Retail Center

      Lafayette, IN: Prime Retail/Industrial Outparcels
      1400 Teal Rd, Lafayette, IN 47905
      View Details
    • $15 SF/Yr
      9,172 SF

      Class A Office Space Available

      Class A office space in Cascada Business Park for rent.
      823 Park Blvd E, Lafayette, IN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Lafayette's Historical District.
    Where is this retail space located?
    The property is located at 842 Main St Lafayette, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Located in Downtown Lafayette's Historical District; - FOR LEASE; - Close proximity to retail, dining, and entertainment
    (765) 838-2475
    Request Owner's contact information
    842 Main St Lafayette, IN 47901
    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.
    842 Main St
    Lafayette, IN 47901
    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
    842 Main St Lafayette, IN 47901
    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
    Doug Anderson
    Doug Anderson
    Real Estate License ID: INDIANARB14040367
    (765) 838-2475
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.