Office Condominium with Open
For Sale
$435,000
2504 E 350 S, Lafayette, IN 47909
COMMERCIAL, Lafayette, IN
Property Size2,817 SF
Lot Size0.05 Acres
Price / SF$154.42
Days on Market138
Property Features for 2504 E 350 S
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
City
Directions
Head west on 350 S from SR 38, Rt on IFCU Dr, Right on IFCU way, Property on the right
Subdivision
Tippecanoe County
Standard status
Active
APN
79-11-09-279-009.009-032
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A9& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A10& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A11& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A12& UND INT COMMON AREA (Parcel ID: 79-11-09-279-012.009-032)
Tax Annual Amount
5698
Legal Description
SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A9& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A10& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A11& UND INT COMMON AREA SYCAMORE PROFESSIONAL VILLAGE PD SEC 1LOT 1 UNIT A12& UND INT COMMON AREA (Parcel ID: 79-11-09-279-012.009-032)
Utilities
Cooling system
Central Air
Building Details
Year built
2004
Flooring type
Tile, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Keller Williams Lafayette · Keller Williams Realty
(765) 807-7177
Listed By:
Steven Childers
(765) 413-6046
Added: Jun 5
Changed: Oct 10
Last Checked: Oct 20 at 9:06PM
MLS# 202621850
Copyright © 2026 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium provides approximately 2,817 SF in a flexible configuration, with a broad central workspace framed by perimeter offices. Existing plumbing and nail station hookups remain in place, while tile flooring, central air, and a shingle roof are among the property’s physical features. The building was constructed in 2004, and the suite is available for immediate occupancy.
The property is positioned along Veterans Memorial Parkway at 2504 E 350 S in Lafayette, with reported traffic of approximately 18,000 vehicles per day. Shared parking serves the condominium, and the space is offered for sale or lease. The layout and existing improvements support office, medical, wellness, retail, showroom, and service-oriented applications identified for the suite.
The property is positioned along Veterans Memorial Parkway at 2504 E 350 S in Lafayette, with reported traffic of approximately 18,000 vehicles per day. Shared parking serves the condominium, and the space is offered for sale or lease. The layout and existing improvements support office, medical, wellness, retail, showroom, and service-oriented applications identified for the suite.
Key Highlights
- Approximately 2,817 SF office condominium suite
- Open central workspace bordered by perimeter offices
- Existing plumbing and nail station hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,719
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,380
$674.4K
Cap Rate 7%
$481,700
$481.7K
Cap Rate 9%
$374,656
$374.7K
Market Conditions
NOI Build-Up for 2,817 SF
Gross rent
$59.2K $21.00/SF
− Vacancy
−$14.2K −$5.04/SF
EGI
$45.0K $15.96/SF
− OpEx
−$11.2K −$3.99/SF
NOI
$33.7K $11.97/SF
Area
Tippecanoe County, IN
Vacancy
24.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,380
Cap Rate 7%
$481,700
Cap Rate 9%
$374,656
Alternative Uses
Best Use
Office B
$481.7K
$421.5K – $562.0K
NOI $33,719 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$404.0K
$353.5K – $471.3K
NOI $28,277 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 47909, IN
42,759
Population
18,455
Households
2.3
Avg Household Size
34
Median Age
32%
College-Educated
91%
High-School Grad
118.0 sq mi
ZIP Area
362
Density / Sq Mi
$67,341
Median Household Income
$42,309
Median Earnings
$1,091
Median Rent
$203,600
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible suite includes perimeter offices, existing plumbing, and nail station hookups.
Where is this office unit located?
The property is located at 2504 E 350 S Lafayette, IN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Approximately 2,817 SF office condominium suite; Open central workspace bordered by perimeter offices; Existing plumbing and nail station hookups
