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    210 5Th St Lafayette, IN 47901

    Sponsored
    For Sale
    $399,000

    Historic 3-story building, 7,200 sq ft, $399,000

    Property size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 210 N 5th St in Lafayette, Indiana, presents a unique investment opportunity. The 7,200 square foot building, constructed in 1900, boasts three stories and is situated on a 0.05-acre lot. Its all-brick construction adds to its historic charm and durability. The property is zoned CB and offers significant potential for a variety of uses, given its multifamily and office subtype designation. The asking price is $399,000, translating to a price per square foot of $55.42. Its prime location in downtown Lafayette, just off Main Street, ensures high visibility and foot traffic. The proximity to the Farmer's Market, operating during spring and summer months, further enhances its appeal and potential for attracting customers and residents. The property's APN is 79-07-20-461-016.000-004. This building offers a blank canvas for a creative entrepreneur or investor looking to capitalize on the vibrant downtown Lafayette market. The three stories provide ample space for customization and development to suit a variety of business and residential needs. This is a rare opportunity to acquire a piece of Lafayette's rich history and contribute to its continued growth and revitalization.

    Property Features for 210 5Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,200 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    HighLights

    • Prime downtown location
    • High pedestrian traffic
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -86.892076
    Latitude
    40.419455

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    FAQs

    What type of property is this?
    Multifamily property - Historic 3-story building, 7,200 sq ft, $399,000
    Where is this multifamily property located?
    The property is located at 210 5Th St Lafayette, IN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime downtown location; High pedestrian traffic;
    (317) 522-8608
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    210 5Th 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
    210 5Th St Lafayette, IN 47901
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