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    3039 Teal Rd Lafayette, IN 47905

    Sponsored
    For Sale
    $449,000

    Build Your Dream Business Here

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial lot, located at 3039 Teal Rd, Lafayette, IN 47905 (APN: 79-07-34-327-001.000-005), presents a unique opportunity for development. Zoned GB, this property boasts excellent visibility and accessibility on Teal Road, a recently renovated thoroughfare. The 100' x 435' lot is ideal for a variety of commercial uses, making it perfect for restaurants or retail establishments. Its prime location offers proximity to major employers, ensuring a strong customer base. The surrounding area features high-quality neighboring businesses, creating a desirable and thriving commercial environment. The asking price for this ready-to-develop land is $449,000, representing a compelling value for its size, location, and potential. This vacant land offers a blank canvas for your next commercial venture, promising significant return on investment. Don't miss this chance to secure a prominent location in a rapidly growing area. Act now to capitalize on this exceptional opportunity.

    Property Features for 3039 Teal Rd

    General Information

    Property type
    Land

    HighLights

    • 1‑acre commercial lot in Lafayette, IN, at 3039 Teal Rd (APN: 79‑07‑34‑327‑001.000‑005).
    • GB zoning, excellent visibility and accessibility on Teal Road.
    • 100' x 435' lot, ideal for restaurants or retail.
    • Prime location near major employers and high‑quality businesses.
    • Asking price: $449,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8614184
    Latitude
    40.3949533

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    FAQs

    What type of property is this?
    Land - Build Your Dream Business Here
    Where is this land located?
    The property is located at 3039 Teal Rd Lafayette, IN.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 1-acre commercial lot in Lafayette, IN, at 3039 Teal Rd (APN: 79-07-34-327-001.000-005).; GB zoning, excellent visibility and accessibility on Teal Road.; 100' x 435' lot, ideal for restaurants or retail.
    (765) 838-2475
    Request Owner's contact information
    3039 Teal Rd Lafayette, IN 47905
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    3039 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
    3039 Teal Rd Lafayette, IN 47905
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