Multi-Office Building with
For Sale
Contact for pricing
1800 Union Street, Lafayette, IN 47904
Multi-office layout with conference, classroom space, and basement storage for adaptable professional or training uses.
Property Size6,342 SF
Price / SF$125.35
Days on Market57
Property Features for 1800 Union Street
General Information
Standard status
Active
Size
6,342 SF
Property subtype
Retail, Office
Building Details
Year Built
1989
Listing Agency:
Kevin Bol Commercial Group LLC
Listed By:
Mandy Kelly-Bol · License #RB14040092
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 28 at 9:07AM
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 property is a for-sale commercial building configured for office use. The interior features multiple offices along with a conference room, a classroom area, and basement storage. The existing layout supports organizations that need both private workspaces and shared meeting or training functions, while the basement provides additional space for storage.
The property is located at 1800 Union Street in Lafayette, Indiana. While specific frontage, access details, and nearby tenants are not provided, the arrangement of office, meeting, and classroom space indicates it is designed to accommodate day-to-day operations within a dedicated work environment.
For buyers evaluating a turn-key office option, the combination of multiple offices and dedicated conference and classroom areas can fit professional teams, service providers, or training-focused operations. The presence of basement storage helps support keeping day-to-day items organized and separated from primary work areas. This makes the building a practical choice for buyers seeking an office-oriented property with a functional interior footprint already suited to group collaboration and instruction.
The property is located at 1800 Union Street in Lafayette, Indiana. While specific frontage, access details, and nearby tenants are not provided, the arrangement of office, meeting, and classroom space indicates it is designed to accommodate day-to-day operations within a dedicated work environment.
For buyers evaluating a turn-key office option, the combination of multiple offices and dedicated conference and classroom areas can fit professional teams, service providers, or training-focused operations. The presence of basement storage helps support keeping day-to-day items organized and separated from primary work areas. This makes the building a practical choice for buyers seeking an office-oriented property with a functional interior footprint already suited to group collaboration and instruction.
Key Highlights
- Year built: 1989
- Multi‑office layout with conference room and classroom area
- Basement storage includes 1,701 SF
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 | $95.1k | $15.00 |
| − Vacancy | −$4.2k | −$0.66 |
| EGI | $90.9k | $14.34 |
| − OpEx | −$27.3k | −$4.30 |
| NOI | $63.7k | $10.04 |
6,342 SF · lease $15.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.08M
$948.9K – $1.27M
NOI $75,914 @ 7.0% cap · market cap 9.55%
Second Best
Retail
$909.4K
$795.8K – $1.06M
NOI $63,661 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,494 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 47904, IN
16,571
Population
7,776
Households
2.1
Avg Household Size
34
Median Age
19%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
2,857
Density / Sq Mi
$46,841
Median Household Income
$34,455
Median Earnings
$965
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Multi-office layout with conference, classroom space, and basement storage for adaptable professional or training uses.
Where is this office units located?
The property is located at 1800 Union Street Lafayette, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Year built: 1989; Multi‑office layout with conference room and classroom area; Basement storage includes 1,701 SF
