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Historic Office Building in Lafayette
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427 Main St, Lafayette, IN

Well-maintained office space in downtown Lafayette near Purdue University.

Space Size1,916 SF
Lot Size0.15 Acres
Days on Market869

Property Features for 427 Main St

General Information

Standard status Active
Size 1,916 SF
Lot size 0.15 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 427 Main St
427 Main St $16.50/SF/Yr
Floor 1
Size 1,916 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- The subject property is centrally located at the corner of 5 th Street and Main Street in downtown Lafayette, and less than 2 miles to Purdue University . 5 th Street is home to a bustling weekend Farmers Market . Popular eateries and businesses alike can be found in all directions. The County Courthouse is also just a couple blocks west of the property . - Fantastic location - Great signage and visibility - Beautiful architecture - Convenient parking options - Jim Pitoukkas of Coldwell Banker Shook is proud to offer space for lease in this well-maintained historic office building with great street presence at the corner of beautifully restored Main Street, and the home of the bustling Farmers Market on 5th Street in downtown Lafayette, IN. The subject property is less than 2 miles to Purdue University. Popular eateries and businesses alike can be found in all directions. The space will be delivered with a new finished drop ceiling in the entry area, finished drywall, new keyed backdoor, and flooring that is mutually agreed to by landlord and tenant. The premises are served by common restrooms. The building also offers occupants some of the best parking options downtown. Reserved off-street parking is available for an additional fee. CAM includes 1st and 2nd floor exterior window washing, maintenance of common areas, snow removal, and HVAC maintenance. Tenant will be responsible for janitorial within their premises and phone/internet. - Additional Info : CAM charge is a fixed $2/sf . Utilities are estimated at $1.49/sf and tru ed up annually .
Contact us
Listing Agency: Shook Commercial Real Estate
Listed By: Jim Pitoukkas
Source: Moodyscre
Added: May 22, 2024 Changed: Oct 6 Last Checked: Oct 5 at 7:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shook Commercial Real Estate

Investment Insights

Based on property information with market context.

Located at the corner of 5th Street and Main Street in downtown Lafayette, the subject property is less than 2 miles from Purdue University. This well-maintained historic office building offers great street presence near the bustling Farmers Market on 5th Street. The location provides convenient access to popular eateries and businesses in all directions. The County Courthouse is a couple blocks west of the property. The available space, totaling 1916 square feet, will be delivered with a new finished drop ceiling in the entry area, finished drywall, a new keyed backdoor, and flooring that is mutually agreed to by landlord and tenant. Common restrooms serve the premises. The building offers occupants convenient parking options downtown, with reserved off-street parking available for an additional fee. CAM includes 1st and 2nd floor exterior window washing, maintenance of common areas, snow removal, and HVAC maintenance. The CAM charge is a fixed $2 per square foot. Utilities are estimated at $1.49 per square foot and trued up annually. Tenant will be responsible for janitorial services within their premises and phone/internet.

Key Highlights

  • Prime downtown Lafayette location at the corner of 5th and Main, less than 2 miles from Purdue University.
  • High visibility with great signage opportunities.
  • Convenient parking options, including reserved off‑street parking for an additional fee.

Property Analytics

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Current Use

DelMar Software Development (Bike/Boat/Book/etc) Store Aaron Walker - Coldwell ... Real Estate Agency Kathy Ptasnik, Real ... Real Estate Agency Tamara Foley, Coldwell ... Real Estate Agency Lynn Beckham, Wilburn|Beckham ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Cosmetic Store Tanning Salon Pet Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

$2.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,804
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Well-maintained office space in downtown Lafayette near Purdue University.
Where is this office units located?
The property is located at 427 Main St Lafayette, IN.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Prime downtown Lafayette location at the corner of 5th and Main, less than 2 miles from Purdue University.; High visibility with great signage opportunities.; Convenient parking options, including reserved off‑street parking for an additional fee.
(317) 281-8811 Call to check price and availability
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