Freestanding Retail
2007 Kossuth St Lafayette, IN 47905
For Sale
Contact for pricing
Freestanding retail building with 900 SF of warehouse space and about 80 feet of frontage on Kossuth Street.
Property Size2,170 SF
Price / SF$161.29
Days on Market19
Property Features for 2007 Kossuth St
General Information
- Standard status
- Active
- Size
- 2,170 SF
- Property subtype
- RETAIL
Listing Agency:
NAI Cressy Commercial Real Estate - Corporate
(317) 997-5952
Listed By:
Jack Whitlock
(317) 997-5952
Source:
Moodyscre
Added: Jul 8
Changed: Jul 25
Last Checked: Jul 25 at 4:16AM
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 NAI Cressy Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
This freestanding retail building offers retail space plus approximately 900 square feet of warehouse area. The property is on commercial zoning.
Located minutes from downtown Lafayette in a well-trafficked corridor, the building provides about 80 feet of frontage on Kossuth Street.
With its combined retail and warehouse configuration, the space may support a range of day-to-day commercial uses that benefit from dedicated back-of-house storage.
Located minutes from downtown Lafayette in a well-trafficked corridor, the building provides about 80 feet of frontage on Kossuth Street.
With its combined retail and warehouse configuration, the space may support a range of day-to-day commercial uses that benefit from dedicated back-of-house storage.
Key Highlights
- 2,170 SF freestanding retail building minutes from downtown Lafayette
- Commercial zoning
- Includes 900 SF of warehouse space
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 | $32.6k | $15.00 |
| − Vacancy | −$1.4k | −$0.66 |
| EGI | $31.1k | $14.34 |
| − OpEx | −$9.3k | −$4.30 |
| NOI | $21.8k | $10.04 |
2,170 SF · lease $15.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$311.2K
$272.3K – $363.0K
NOI $21,782 @ 7.0% cap · market cap 6.22%
Second Best
Warehouse
$182.1K
$159.4K – $212.5K
NOI $12,749 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hill Engraving
Engraver
Greater Macedonia COGIC
Church
FAQs
What type of property is this?
Retail space - Freestanding retail building with 900 SF of warehouse space and about 80 feet of frontage on Kossuth Street.
Where is this retail space located?
The property is located at 2007 Kossuth St Lafayette, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,170 SF freestanding retail building minutes from downtown Lafayette; Commercial zoning; Includes 900 SF of warehouse space
