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    415 Columbia St Lafayette, IN 47901

    Sponsored
    For Sale
    $2,600,000

    Prime downtown Lafayette office space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two contiguous third-floor condos (Units 3A & 3B) within the prestigious Columbia Center in Lafayette, Indiana's central business district. The combined space totals approximately 14,595 square feet, offered for sale at $2,600,000. Unit 3A is currently leased to two tenants, generating immediate rental income, while Unit 3B is vacant, providing flexibility for owner-occupancy or additional leasing potential. Located on Columbia Street, a major thoroughfare leading to Purdue University, this Class A office building benefits from high visibility, excellent signage opportunities, and convenient access to the Tippecanoe County Courthouse. The building features an attached parking garage and ample street parking, ensuring convenient parking for tenants and visitors. The property's location within Lafayette's thriving central business district, characterized by new development and a growing number of businesses and residents, makes it an attractive investment. This is a rare opportunity to acquire a substantial, well-located office space with immediate income potential and significant upside. The property is situated less than a mile from Purdue University, further enhancing its appeal and potential for long-term growth.

    Property Features for 415 Columbia St

    General Information

    Property type
    Land

    HighLights

    • Two contiguous 14,595 SF third‑floor condos (Units 3A & 3B) in Lafayette's Columbia Center.
    • Offered at $2,600,000.
    • Unit 3A is leased, generating immediate income; Unit 3B is vacant.
    • Located on Columbia Street, near Purdue University, with high visibility and signage opportunities.
    • Class A building with attached parking garage and ample street parking.
    • Situated in Lafayette's central business district, offering strong long‑term growth potential.
    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 downtown Lafayette office space.
    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 $2,600,000.
    What are key features of this property?
    This property features: Two contiguous 14,595 SF third-floor condos (Units 3A & 3B) in Lafayette's Columbia Center.; Offered at $2,600,000.; Unit 3A is leased, generating immediate income; Unit 3B is vacant.
    Request Owner's contact information
    415 Columbia 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
    415 Columbia St Lafayette, IN 47901
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