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    1400 Teal Rd Lafayette, IN 47905

    Sponsored
    For Lease
    $10 SF/Yr

    Lafayette, IN: Prime Retail/Industrial Outparcels

    Lot size:
    78,326 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Jefferson Square Shopping Center, located at 1400 Teal Rd, Lafayette, IN 47905, presents a unique investment opportunity. This single-story, 78,326 square foot retail and industrial center features 16 suites, currently boasting a mix of established businesses. The property is zoned NB and offers excellent visibility due to its location in a highly trafficked area. Two spaces are immediately available, ranging from 1,306 to 4,142 square feet, providing flexibility for various business needs. The center is well-maintained and benefits from strong ownership. Current co-tenants include a diverse range of businesses, such as Lafayette Printing, Healthier Lafayette, Jackson Hewitt, Rising Tide Salon, Trader’s Buck, Don's Barber Shop, 21 Petals, Two Men & a Truck, Arrow Workforce Solutions, Eye Surgeons of Indiana, The Forge Training Center, and Shelley’s Café, creating a vibrant and established commercial environment. The property's high traffic counts and well-recognized location make it an ideal choice for businesses seeking strong visibility and a thriving customer base. There are no elevators on the property. A total of 5,448 square feet is currently vacant. This presents a compelling opportunity to establish a presence in a successful and well-established shopping center.

    Property Features for 1400 Teal Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,326 SF
    Total Rate
    68535.25

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    4,142 SF
    Rate per SF
    $10
    Space
    Available Space 1A
    Size
    1,306 SF
    Rate per SF
    $10

    HighLights

    • Well‑maintained, 78,326 SF retail/industrial center with 16 suites.
    • High visibility in a high‑traffic area of Lafayette, IN.
    • Two available spaces (1,306 - 4,142 SF).
    • 5,448 SF of total vacant space available.
    • Strong tenant mix including established local businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Damon Dierker Optometrist Shellie's Cafe Dnv Breakfast Restaurant Jackson Hewitt Tax ... Tax Preparation Eye Surgeons of Indiana Lasik Surgeon Kathleen Williamson Ophthalmologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8802074
    Latitude
    40.3948834

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    FAQs

    What type of property is this?
    Individual retail property - Lafayette, IN: Prime Retail/Industrial Outparcels
    Where is this individual retail property located?
    The property is located at 1400 Teal Rd Lafayette, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Well-maintained, 78,326 SF retail/industrial center with 16 suites.; High visibility in a high-traffic area of Lafayette, IN.; Two available spaces (1,306 - 4,142 SF).
    Request Owner's contact information
    1400 Teal Rd Lafayette, IN 47905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 Teal Rd Lafayette, IN 47905
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