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    516 Main St Lafayette, IN 47901

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Retail Space, 201 sq ft

    Lot size:
    201 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This beautifully restored mixed-use commercial property at 516 Main Street in Lafayette, Indiana, offers a unique retail opportunity. The 201-square-foot single-tenant space is currently occupied, showcasing its ideal location in the heart of downtown Lafayette. The building's strategic position provides easy access to ample street parking, a vibrant array of restaurants, the farmers' market, and convenient public transportation via the Trolley line, offering seamless connectivity to the campus and beyond. The property's mixed-use nature includes leased second-floor apartments and office spaces, perfectly sized for individuals or small professional teams. This presents a compelling investment opportunity in a thriving downtown area. Located in Tippecanoe County (zip code 47901), this property is situated at the epicenter of activity, benefiting from high foot traffic and visibility. The property is classified as retail and land, offering a blend of commercial uses. The building consists of a single suite, making it an ideal space for a focused business. This is a chance to acquire a well-maintained, historically significant property in a rapidly growing area.

    Property Features for 516 Main St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    201 SF

    Unit(s) available at that property

    Space
    2
    Size
    201 SF
    Rate per SF
    $17

    HighLights

    • 201 sq ft single‑tenant retail space in downtown Lafayette, IN.
    • Currently occupied, showcasing strong location.
    • Excellent street parking, near restaurants, farmers market, and public transportation.
    • Mixed‑use building with leased upper‑floor apartments and office spaces.
    • High foot traffic and visibility in a thriving downtown area (Tippecanoe County, 47901).
    • Well‑maintained, historically significant building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Psevins Media Video Production Service KNOWARE Website Designer Better Merchants Marketing ... Marketing Agency Blends FX Guitar Store UGLY Paintball Sportwear Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -86.8913859
    Latitude
    40.4192476

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    FAQs

    What type of property is this?
    Land - Prime Retail Space, 201 sq ft
    Where is this land located?
    The property is located at 516 Main St Lafayette, IN.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 201 sq ft single-tenant retail space in downtown Lafayette, IN.; Currently occupied, showcasing strong location.; Excellent street parking, near restaurants, farmers market, and public transportation.
    Request Owner's contact information
    516 Main St Lafayette, IN 47901
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    Lafayette, IN 47901
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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
    516 Main St Lafayette, IN 47901
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