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    569 Elston Rd Lafayette, IN 47909

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    For Sale
    $2,090,000

    Development opportunity near Purdue University and major industrial companies.

    Lot size:
    38.00 Acres

    Property Features for 569 Elston Rd

    General Information

    Lot size
    38.00 Acres

    Source: Shook Commercial Real Estate Agent Stephen Shook

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

    Overview

    Commercial Land Near Purdue University

    This property presents a unique opportunity for a developer to establish a commercial development on the expanding west side of Lafayette. Situated near the US 231 Bypass, the location provides convenient access to Purdue University's campus, approximately 2 miles to the north. The area is home to several growing industries, including Rolls Royce, Schweitzer Engineering, Saab, Nanshan, and General Electric, all of which maintain close ties with Purdue’s School of Engineering. City officials and agencies in Lafayette and West Lafayette collaborate to support business implementation and opportunities in the area. Purdue University, a short 5-minute drive away, continues to experience increasing student enrollment. Positioned between major industrial and scholastic landmarks, this property offers considerable potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -86.9157913
    Latitude
    40.3922526

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    FAQs

    What type of property is this?
    Land - Development opportunity near Purdue University and major industrial companies.
    Where is this land located?
    The property is located at 569 Elston Rd Lafayette, IN.
    What is the asking price?
    The asking price for this property is $2,090,000.
    What are key features of this property?
    This property features: - Opportunity for commercial development on Lafayette’s growing west side.; - Located on heavily traveled US 231 Bypass with easy access to Purdue University.; - Proximity to major industries such as Rolls Royce, Schweitzer Engineering, Saab, Nanshan, and General Electric.
    (765) 491-3747
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    569 Elston Rd Lafayette, IN 47909
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    Lafayette, IN 47909
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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
    569 Elston Rd Lafayette, IN 47909
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