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Property profile & analytics
OFF-MARKET
Lifestyle centers

237 State St West Lafayette, IN 47906

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Lifestyle centers
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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