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    237 State St West Lafayette, IN 47906

    Sponsored
    For Lease
    $25 SF/Yr

    High-traffic retail space near Purdue.

    Lot size:
    1,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is situated on East State Street, a major thoroughfare connecting West Lafayette and Lafayette, Indiana. The property benefits from its strategic location between Purdue University and downtown Lafayette, within a vibrant area experiencing significant new development. This established mixed-use building, River Market Apartments and Shoppes, offers ample surface parking—a rare advantage in this location. The building features three floors of apartments above ground-level commercial suites, creating a bustling environment. The available suite, currently occupied by Hammer Nutrition, totals 1,014 square feet and offers excellent visibility to both State Street and South River Road, ensuring high traffic and exposure. The suite will be available either upon the signing of a new lease or by December 31, 2023. This property is ideally positioned to capture both local and university traffic, making it an attractive investment in a thriving community known for its excellent schools, high quality of life, and ample employment opportunities. West Lafayette's designation as America's Top Emerging Housing Market by the Wall Street Journal further underscores the area's growth potential. The property consists of two total suites within the building. This is a rare opportunity to secure a retail space in a high-demand area.

    Property Features for 237 State St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,014 SF

    Unit(s) available at that property

    Space
    237
    Size
    1,014 SF
    Rate per SF
    $25

    HighLights

    • Retail and land opportunity in Tippecanoe County.
    • Shopping center with two suites; one 1,014 sq. ft. space available.
    • Located on E. State St. between Purdue University and Downtown Lafayette, offering high visibility and convenient access to major roadways.
    • Currently occupied by Hammer Nutrition, available December 31, 2023, or sooner with a new lease.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.9030615
    Latitude
    40.4211824

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space near Purdue.
    Where is this lifestyle center located?
    The property is located at 237 State St West Lafayette, IN.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Retail and land opportunity in Tippecanoe County.; Shopping center with two suites; one 1,014 sq. ft. space available.; Located on E. State St. between Purdue University and Downtown Lafayette, offering high visibility and convenient access to major roadways.
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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
    237 State St West Lafayette, IN 47906
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