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Three-Story Mixed-Use Property
For Sale
Contact for pricing
Pending

816 Main Street, Lafayette, IN 47901

Downtown asset combining vacant retail space, leased residential condominiums, and surface parking near Purdue University.

Property Size7,404 SF
Days on Market328

Property Features for 816 Main Street

General Information

Standard status Pending
Size 7,404 SF
Class B
Total Parking Spaces 19
Property subtype Retail, Mixed Use
Occupancy 50%

Additional Details

Floor Ground
Road Access Yes
Multifamily Units 2

Building Details

Year Built 1875
Year Renovated 2010
Buildings 1
Stories 3
Units 3
Listing Agency: ALO Property Group
Listed By: Lora Moore · License #IN
Source: Crexi
Added: Oct 8, 2025 Changed: Aug 30 Last Checked: Aug 31 at 2:06PM

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 ALO Property Group

Investment Insights

Based on property information with market context.

Built in 1875, this three-story mixed-use property contains 7,404 square feet at 816 Main Street in Lafayette, Indiana. The ground floor includes a vacant retail suite with frontage on Main Street, while the upper floors contain two residential condominiums that are fully leased and rolling within six months.

The property also includes a 19-space surface parking lot in the downtown area. Its setting provides walkable access to Purdue University, restaurants, and boutiques, with the commercial and residential components supporting multiple occupancy configurations within one building.

Key Highlights

  • 7,404‑square‑foot mixed‑use property built in 1875
  • Three‑story building with a vacant ground‑floor retail suite
  • Two fully leased residential condominiums rolling within six months

Property Analytics

Current Use

Parkinson Law Office/Michael ... Law Firm DiaMit.LLC HVAC Service Rose Market Specialty Food Shop parkinson law office Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Electrical Service Veterinary Clinic Auto Parts Store Cosmetic Store

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

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,886
Businesses Nearby

Demographics for 47901, IN

3,750
Population
2,875
Households
1.3
Avg Household Size
32
Median Age
57%
College-Educated
95%
High-School Grad
0.6 sq mi
ZIP Area
6,250
Density / Sq Mi
$46,425
Median Household Income
$39,368
Median Earnings
$954
Median Rent
$257,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown asset combining vacant retail space, leased residential condominiums, and surface parking near Purdue University.
Where is this mixed-use property located?
The property is located at 816 Main Street Lafayette, IN.
What are key features of this property?
This property features: 7,404‑square‑foot mixed‑use property built in 1875; Three‑story building with a vacant ground‑floor retail suite; Two fully leased residential condominiums rolling within six months
(765) 918-4999 Call to check price and availability
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