Leased Retail and Medical
210 Meijer Dr Lafayette, IN 47905
210 Meijer Dr, Lafayette, IN, 47905
Contact for pricing
For Sale
Contact for pricing
Fully leased mixed-use building with six rental units, zoned General Business and located beside Meijer near SR 26 and I-65.
Property Size12,738 SF
Price / SF$160.94
Days on Market82
Property Features for 210 Meijer Dr
General Information
- Standard status
- Active
- Size
- 12,738 SF
- Property subtype
- RETAIL
Listing agency
Alan White Agency
(765) 863-0973
Listed by
Scott E Wagoner
(765) 863-0973
Source
Moodyscre
Added: May 1 Updated: Jul 20 at 8:32PM Checked: Jul 20 at 8:32PM
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 Alan White Agency
Investment Insights
Based on property information with market context.
210 Meijer Drive is a fully leased commercial property comprising six rental units. The tenant mix includes medical, financial, retail, and hospitality uses. The building is described as very well maintained and is zoned General Business (GB).
The property is located next to Meijer on SR 26 and provides quick access to SR 26 and I-65, supporting convenient regional connectivity for the existing tenant base.
The property is located next to Meijer on SR 26 and provides quick access to SR 26 and I-65, supporting convenient regional connectivity for the existing tenant base.
Key Highlights
- Fully leased commercial building with 6 rental units
- Tenant mix includes medical, financial, retail, and hospitality
- Zoned General Business (GB)
Local Financial Insights For Specialty 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 | $229.3k | $18.00 |
| − Vacancy | −$10.1k | −$0.79 |
| EGI | $219.2k | $17.21 |
| − OpEx | −$54.8k | −$4.30 |
| NOI | $164.4k | $12.91 |
12,738 SF · lease $18.00/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.35M
$2.05M – $2.74M
NOI $164,397 @ 7.0% cap · market cap 8.02%
Second Best
Office B
$2.18M
$1.91M – $2.54M
NOI $152,474 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,860 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dream Dinners
Restaurant
Marcella M. Tashjian-Gibbs, ...
Geriatric Care Provider
Pella Windows & Doors ...
Hardware & Home Improvement
IU Health Arnett ...
Geriatric Care Provider
Whiskey Bob's Saloon
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Fully leased mixed-use building with six rental units, zoned General Business and located beside Meijer near SR 26 and I-65.
Where is this storefront property located?
The property is located at 210 Meijer Dr Lafayette, IN.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Fully leased commercial building with 6 rental units; Tenant mix includes medical, financial, retail, and hospitality; Zoned General Business (GB)
