Mid-City Retail/Office
For Sale
Contact for pricing
4041 Government Street, Baton Rouge, LA
4,400 SF retail/office property on 0.88 acres in Mid-City.
Property Size4,400 SF
Lot Size0.88 Acres
Price / SF$247.50
Days on Market327
Property Features for 4041 Government Street
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.88 Acres
Property subtype
RETAIL
Listing Agency:
NAI Rampart Commercial Real Estate Baton Rouge
(225) 295-0800
Listed By:
Lauren Buckholtz
(225) 326-3893
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Oct 13
Last Checked: Oct 16 at 7:51AM
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 Rampart Commercial Real Estate Baton Rouge
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,400 square foot retail/office/commercial property, designed by A. Hays Town, is situated next to La Carreta in a prime Mid-City location. The 0.88-acre site provides parking space for approximately 50 cars. The building can be divided into two suites, with a minimum divisible area of 2,000 square feet. The property features 160 feet of frontage on Government Street, offering high visibility. Previously a bank, the building includes enclosed drive-thru lanes that could be modified for renewed use.
Key Highlights
- Prime Mid‑City location next to La Carreta.
- Oversized 0.88 acre site with approximately 50 car parks.
- 4,400 SF A. Hays Town retail/office/commercial property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,763
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,260
$1.5M
Cap Rate 7%
$1,053,757
$1.1M
Cap Rate 9%
$819,589
$819.6K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$98.7K $22.44/SF
− Vacancy
−$385 −$0.09/SF
EGI
$98.4K $22.35/SF
− OpEx
−$24.6K −$5.59/SF
NOI
$73.8K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,260
Cap Rate 7%
$1,053,757
Cap Rate 9%
$819,589
Alternative Uses
Best Use
Specialty Retail
$1.05M
$922.0K – $1.23M
NOI $73,763 @ 7.0% cap · market cap 6.77%
Second Best
Retail
$983.5K
$860.6K – $1.15M
NOI $68,846 @ 7.0% cap · market cap 6.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,806
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Bank - 4,400 SF retail/office property on 0.88 acres in Mid-City.
Where is this bank located?
The property is located at 4041 Government Street Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,089,000.
What are key features of this property?
This property features: Prime Mid‑City location next to La Carreta.; Oversized 0.88 acre site with approximately 50 car parks.; 4,400 SF A. Hays Town retail/office/commercial property.
