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Two-Tenant Mixed-Use Property
New
For Sale
$220,000

2323 Lafayette Ave, Terre Haute, IN 47805

Two separately occupied spaces offer independent utilities, entrances, restrooms, and flexible access for commercial operations.

Property Size2,955 SF
Price / SF$74.45
Days on Market2

Property Features for 2323 Lafayette Ave

General Information

Standard status Active
Size 2,955 SF
Property subtype Commercial
Occupancy 100%

Site & Location

Road Access Yes
Utilities to Site Yes

Amenities

front and back entrances
restroom
garage door opening
asphalt-paved parking
gravel parking in the rear

Building Details

Year Built 1965
Tenancy Multi
Listing Agency: Amr Real Estate LLC
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Sep 20 Last Checked: Sep 21 at 6:52AM

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 Amr Real Estate LLC

Investment Insights

Based on property information with market context.

This mixed-use property contains 2,955 square feet arranged as two separately rented spaces. Each side has its own city utilities, front and rear entrances, and restroom, creating distinct operating areas within the building. The industrial side includes a garage door for vehicle access and deliveries. Asphalt-paved parking, additional gravel parking at the rear, and driveway access support day-to-day use.

The building was constructed in 1965 and has received several recent system updates. The roof is less than one year old and carries a 40-year warranty. Ductwork was replaced in 2021, the HVAC system was updated in 2022, and the water heater was replaced in 2023. Both spaces are currently rented, providing two separate rental streams within one commercial property.

Key Highlights

  • 2,955 SF mixed‑use building with two separately rented spaces
  • Each side has independent city utilities, front and rear entrances, and a restroom
  • Industrial side features a garage door for vehicle access and deliveries

Property Analytics

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Current Use

Shear Inspirations Hair Salon 834 Motosports Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby

Demographics for 47805, IN

12,875
Population
5,749
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
247
Density / Sq Mi
$69,716
Median Household Income
$45,178
Median Earnings
$795
Median Rent
$151,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two separately occupied spaces offer independent utilities, entrances, restrooms, and flexible access for commercial operations.
Where is this mixed-use property located?
The property is located at 2323 Lafayette Ave Terre Haute, IN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,955 SF mixed‑use building with two separately rented spaces; Each side has independent city utilities, front and rear entrances, and a restroom; Industrial side features a garage door for vehicle access and deliveries
More about this property
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