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    415 Columbia St Lafayette, IN 47901

    Sponsored
    For Sale
    $1,500,000

    Prime Lafayette office space, central location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a condo interest in the prestigious Columbia Center, a Class A office building situated in Lafayette, Indiana's thriving central business district. Located just one mile from Purdue University, this property benefits from its proximity to a booming area experiencing significant new development, a robust retail and professional services sector, and a growing residential population. The building enjoys a highly visible location on Columbia Street, a major thoroughfare leading to West Lafayette and Purdue University, and is within a block of the Tippecanoe County Courthouse. Tenants and owners benefit from convenient access, excellent street visibility, and a vibrant surrounding community. Ample parking is available via an attached garage and abundant street parking. Superior signage opportunities further enhance the property's appeal. Currently, office space is available for lease on the first and third floors. This offering includes a condo interest encompassing approximately 6,575 square feet of the east side of the first floor, complete with exterior signage rights. The building is being condominiumized into two commercial condos per floor. The west side of the first floor and the entire second floor are currently occupied by established businesses. The asking price for this prime commercial condo is $1,500,000. This presents a rare chance to acquire a significant stake in a thriving Lafayette landmark.

    Property Features for 415 Columbia St

    General Information

    Property type
    Land

    HighLights

    • Asking Price: $1,500,000
    • Property Type: Office Condo, Land
    • Location: 415 Columbia Street Unit B, Lafayette, IN 47901, in Lafayette's central business district, one mile from Purdue University. Excellent street visibility and signage opportunities.
    • Size: Approximately 6,575 square feet (East side of first floor).
    • Amenities: Attached parking garage and ample street parking. Located near Tippecanoe County Courthouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Comprehensive Psychological Psychologist Mutual of Indiana Insurance ... Insurance Agency Morgan Stanley Financial ... Financial Consultant Holder Law Office Law Firm Caleb Quick - Morgan ... Financial Consultant

    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
    -86.8924681
    Latitude
    40.4180066

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    FAQs

    What type of property is this?
    Land - Prime Lafayette office space, central location.
    Where is this land located?
    The property is located at 415 Columbia St Lafayette, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Asking Price: $1,500,000; Property Type: Office Condo, Land; Location: 415 Columbia Street Unit B, Lafayette, IN 47901, in Lafayette's central business district, one mile from Purdue University. Excellent street visibility and signage opportunities.
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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
    415 Columbia St Lafayette, IN 47901
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