237 State St West Lafayette, IN 47906
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.