Current Use by Public Records
- Commercial real estate
Property Details for Jefferson St
- Year built
- 1979
- Lot size
- 0.37 lot acres
- Property type
- Commercial real estate
Description
This I-3 zoned warehouse, located on a quiet Jefferson Street in Lafayette, Indiana, presents a compelling investment opportunity. The property boasts a generous 0.37-acre lot and offers nearly 2,400 square feet of usable space on the ground floor, complemented by an additional 2,400 square feet of usable attic space. Two large sliding doors facilitate easy access for equipment and materials. Existing gas and electric utilities are already in place, simplifying the transition for a new owner. The convenient location provides easy access to downtown Lafayette (less than one mile away) and the city's south and west sides. The property's versatility makes it suitable for a variety of uses, including storage, business operations, or personal hobbies. Adding to its appeal are two small residential lots situated directly across the street. The asking price of $125,000 is particularly attractive, considering market rents for comparable spaces range from $6 to $8 per square foot annually, suggesting strong potential for rental income and return on investment. This property offers a unique blend of space, location, and potential, making it an ideal choice for both business owners and investors.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.9007
- Latitude
- 40.4054
