Mid-Century Office/Retail Building For
2031 Government St Baton Baton Rouge, LA 70806
2031 Government St Baton, Baton Rouge, LA, 70806
$399,000
For Sale
$399,000
Freestanding office/retail building in a growing commercial corridor.
Property Size2,000 SF
Price / SF$199.50
Days on Market149
Property Features for 2031 Government St Baton
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Single Tenant Office
Listing Agency
Elifin Realty
(225) 460-0877
Listed by
Jacob Loveland
(225) 460-0877
Source
Thebrokerlist
Added: Feb 18 Checked: Jul 17 at 2:29 am
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 Elifin Realty
Investment Insights
Based on property information with market context.
The property at 2031 Government St is a freestanding office/retail building with approximately 2,000 square feet of space, situated on a visible corner lot. Designed by A. Hayes Town in the 1960s, the property showcases a distinctive mid-century style, incorporating modern architectural elements. Updates include a shingle roof and vinyl flooring. The property is suitable for both office and retail uses. It includes 11 on-site parking spaces. Located in the heart of Mid City, the property is surrounded by established local businesses such as French Truck Coffee, Barracuda Taco, Pink Elephant Antiques, and Elsie’s Plate & Pie. The area is recognized as one of Baton Rouge’s fastest-growing commercial corridors. The seller requires a lease-back period of 30 to 60 days following closing.
Key Highlights
- Visible corner lot location in the heart of Mid City.
- A. Hayes Town designed building with distinctive mid‑century style.
- Suitable for both office and retail uses.
Local Financial Insights For Office B
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 | $26.2k | $13.08 |
| − Vacancy | −$654 | −$0.33 |
| EGI | $25.5k | $12.75 |
| − OpEx | −$6.4k | −$3.19 |
| NOI | $19.1k | $9.56 |
2,000 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$479.0K
$419.1K – $558.8K
NOI $33,529 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Renaissance Imaging LLC
Printing Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding office/retail building in a growing commercial corridor.
Where is this office building located?
The property is located at 2031 Government St Baton Baton Rouge, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Visible corner lot location in the heart of Mid City.; A. Hayes Town designed building with distinctive mid‑century style.; Suitable for both office and retail uses.
