Freestanding Retail
For Sale
Contact for pricing
2007 Kossuth St, Lafayette, IN 47905
Freestanding retail building with 900 SF of warehouse space and about 80 feet of frontage on Kossuth Street.
Property Size2,170 SF
Price / SF$119.35
Days on Market113
Property Features for 2007 Kossuth St
General Information
Standard status
Active
Size
2,170 SF
Property subtype
RETAIL
Zoning
Commercial
Additional Details
Road Access
Yes
Listing Agency:
NAI Cressy Commercial Real Estate - Corporate
(574) 271-4060
Listed By:
Jack Whitlock
(317) 997-5952
Source:
Moodyscre
Added: Jul 8
Changed: Oct 27
Last Checked: Oct 26 at 5:07PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$21,782
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,640
$435.6K
Cap Rate 7%
$311,171
$311.2K
Cap Rate 9%
$242,022
$242.0K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$32.6K $15.00/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$31.1K $14.34/SF
− OpEx
−$9.3K −$4.30/SF
NOI
$21.8K $10.04/SF
Area
Tippecanoe County, IN
Vacancy
4.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,640
Cap Rate 7%
$311,171
Cap Rate 9%
$242,022
Alternative Uses
Best Use
Retail
$311.2K
$272.3K – $363.0K
NOI $21,782 @ 7.0% cap · market cap 8.41%
Second Best
Warehouse
$182.1K
$159.4K – $212.5K
NOI $12,749 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 47905, IN
41,787
Population
18,309
Households
2.3
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
120.4 sq mi
ZIP Area
347
Density / Sq Mi
$63,115
Median Household Income
$41,595
Median Earnings
$1,101
Median Rent
$215,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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 $259,000.
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
