210 5Th St Lafayette, IN 47901
- Commercial real estate
- 7,260 SF
- 0.05 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 210 5Th St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 7,260 SF
- Property type
- Commercial real estate
- APN
- 79-07-20-461-016.000-004
- APU
- 790720461016000004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $340,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $345,000
- Mixed-Use
- $305,000
- Hospitality
- $365,000
- Educational
- $385,000
- Residential Income
- $280,000
- Energy
- $350,000
- Income-Based Land
- $370,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.8921
- Latitude
- 40.4195
- CBSA code
- 29200
- CBSA name
- LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA