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Property profile & analytics

516 Main St Lafayette, IN 47901

  • Commercial real estate
  • 6,480 SF
  • 0.15 lot acres
Value Estimation
$340,000
Location Intelligence
Property ID
US31-3323870
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Psevins Media / Video Production Service
  • KNOWARE / Website Designer / Design Agency
  • Better Merchants Marketing and Media / Video Production Service / Marketing Agency
  • Blends FX / Guitar Store
  • UGLY Paintball / Sportwear Manufacturer / Custom T-Shirt Store

Property Details for 516 Main St

Year built
1907
Construction
WOOD
Lot size
0.15 lot acres
Property size
6,480 SF
Property type
Commercial real estate
APN
79-07-20-065-001.900-004
APU
790720065001900004

Description

This beautifully restored mixed-use commercial property at 516 Main Street in Lafayette, Indiana, offers a unique retail opportunity. The 201-square-foot single-tenant space is currently occupied, showcasing its ideal location in the heart of downtown Lafayette. The building's strategic position provides easy access to ample street parking, a vibrant array of restaurants, the farmers' market, and convenient public transportation via the Trolley line, offering seamless connectivity to the campus and beyond. The property's mixed-use nature includes leased second-floor apartments and office spaces, perfectly sized for individuals or small professional teams. This presents a compelling investment opportunity in a thriving downtown area. Located in Tippecanoe County (zip code 47901), this property is situated at the epicenter of activity, benefiting from high foot traffic and visibility. The property is classified as retail and land, offering a blend of commercial uses. The building consists of a single suite, making it an ideal space for a focused business. This is a chance to acquire a well-maintained, historically significant property in a rapidly growing area.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lafayette
County
Tippecanoe
State
Indiana
Longitude
-86.8914
Latitude
40.4194
CBSA code
29200
CBSA name
LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,078
$0.00
$471,800
$471,800
-
$0.00
$471,800
$471,800
More about this property
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