Two-Building Retail
1600 Sagamore Pkwy S Lafayette, IN 47905
For Sale
Contact for pricing
Two retail buildings totaling 3,708 SF on frontage along Sagamore Parkway and Main Street.
Property Size3,708 SF
Lot Size1.09 Acres
Price / SF$310.14
Days on Market108
Property Features for 1600 Sagamore Pkwy S
General Information
- Standard status
- Active
- Size
- 3,708 SF
- Lot size
- 1.09 Acres
- Property subtype
- RETAIL
Listing Agency:
Kevin Bol Commercial Group LLC
(765) 490-7890
Listed By:
Kevin Bol · License #RB14012382
(765) 490-7890
Source:
Moodyscre
Added: Apr 10
Changed: Jul 25
Last Checked: Jul 25 at 7:06AM
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 Kevin Bol Commercial Group LLC
Investment Insights
Based on property information with market context.
This for-sale retail property features two buildings on 1.09 acres: one building with 2,520 SF and a second, two-story building with 1,188 SF. The offering provides two structures within the same site, suited for tenants seeking separate or combined retail footprints.
The property has frontage on Sagamore Parkway and Main St. Zoning is GB, with a small area identified as I3.
The site’s two-building configuration and dual frontage create flexibility for retail use across the existing improvements.
The property has frontage on Sagamore Parkway and Main St. Zoning is GB, with a small area identified as I3.
The site’s two-building configuration and dual frontage create flexibility for retail use across the existing improvements.
Key Highlights
- 1.09‑acre site with 2 retail buildings totaling 3,708 SF
- Two buildings: 2,520 SF plus 1,188 SF (2‑story)
- Frontage on Sagamore Parkway and Main St.
Financial Insights For 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 | $55.6k | $15.00 |
| − Vacancy | −$2.4k | −$0.66 |
| EGI | $53.2k | $14.34 |
| − OpEx | −$16.0k | −$4.30 |
| NOI | $37.2k | $10.04 |
3,708 SF · lease $15.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$531.7K
$465.3K – $620.4K
NOI $37,221 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.1K
$749.1K – $998.8K
NOI $59,925 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Speedway
Gas Station
Dr. Scott Physical ...
Medical Clinic
Dr. Adam Cline
Alternative Medicine Practice
LibertyX Bitcoin ATM
Atm
Cline Chiropractic and Acupuncture
Alternative Medicine Practice
FAQs
What type of property is this?
Retail space - Two retail buildings totaling 3,708 SF on frontage along Sagamore Parkway and Main Street.
Where is this retail space located?
The property is located at 1600 Sagamore Pkwy S Lafayette, IN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1.09‑acre site with 2 retail buildings totaling 3,708 SF; Two buildings: 2,520 SF plus 1,188 SF (2‑story); Frontage on Sagamore Parkway and Main St.
