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    3205 Union St Lafayette, IN 47904

    Sponsored
    For Lease
    $14 SF/Yr ($16,545 /Mo)

    Prime Lafayette Retail Opportunity: 4 Units Available

    Lot size:
    13,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 3205 Union Street in Lafayette, Indiana, offers 13,875 square feet of vacant space, perfect for multiple tenants. The property is currently available in four divisible units, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,075 square feet. Situated in Tippecanoe County, this location boasts high visibility and foot traffic due to its proximity to downtown Lafayette, popular retail destinations, entertainment venues, and diverse dining options. The property benefits from its convenient location near key attractions such as Columbian Park, Tippecanoe Mall, and the Purdue University campus, ensuring a consistent flow of potential customers. This vibrant area offers a dynamic and bustling environment, ideal for businesses seeking a prime retail location in a thriving community. The address is 3205 Union St, Lafayette, IN 47904. This is a multi-tenant property with significant potential for a variety of retail uses. The entire building is currently vacant and ready for immediate occupancy.

    Property Features for 3205 Union St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,875 SF
    Total Rate
    16545.94

    Unit(s) available at that property

    Space
    711 Earl Ave
    Size
    4,200 SF
    Space
    Suite 4
    Size
    7,075 SF
    Space
    Suite 2
    Size
    1,200 SF
    Rate per SF
    $14
    Space
    Suite 3
    Size
    1,400 SF

    HighLights

    • 13,875 SF of vacant retail space available in Lafayette, IN.
    • Four divisible units ranging from 1,200 SF to 7,075 SF.
    • High visibility and foot traffic due to prime location near downtown, retail, entertainment, and dining.
    • Ample parking for customers and employees.
    • High visibility from Union Street with convenient access from major thoroughfares.
    • Versatile floor plans adaptable to various business needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Telecommunications Service Provider Little Caesars Pizza Pizza Restaurant Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8597527
    Latitude
    40.4243236

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    FAQs

    What type of property is this?
    Individual retail property - Prime Lafayette Retail Opportunity: 4 Units Available
    Where is this individual retail property located?
    The property is located at 3205 Union St Lafayette, IN.
    What is the lease rate?
    The lease rate is $0.00-$14 SF/Yr.
    What are key features of this property?
    This property features: 13,875 SF of vacant retail space available in Lafayette, IN.; Four divisible units ranging from 1,200 SF to 7,075 SF.; High visibility and foot traffic due to prime location near downtown, retail, entertainment, and dining.
    Request Owner's contact information
    3205 Union St Lafayette, IN 47904
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    Lafayette, IN 47904
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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
    3205 Union St Lafayette, IN 47904
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