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Property profile & analytics
OFF-MARKET Estimated value $5,280,000
Warehouses

100 Creasy Ln Lafayette, IN 47905-6034

125,018 SF 14.29 ac lot Built 1994
Entity Owned 19-yr Hold Free & Clear
Property ID
US31-0388009
Property summary
AI-generated overview

This exceptional retail opportunity, Lafayette Pavilions, is located at 100 S Creasy Ln, Lafayette, IN 47905, in Tippecanoe County. The property offers flexible space options, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 19,000 square feet, making it suitable for a variety of retail businesses. The center boasts a strong tenant mix, including national anchors such as Academy Sports, Fresh Thyme, TJ Maxx, Ulta Beauty, and Hobby Lobby, ensuring high foot traffic and visibility. Its strategic location benefits from the proximity to Purdue University, a major university with over 52,000 students and 10,000 employees, creating a substantial and consistent customer base. Furthermore, the property is surrounded by a dense daytime population fueled by numerous significant employers in the immediate area, including Wabash National, Subaru Automotive, Caterpillar Inc., and the Franciscan Health and IU Health hospital campuses. This combination of strong anchors, high population density, and proximity to a major university makes Lafayette Pavilions an attractive investment opportunity for discerning retail businesses seeking a prime location in a thriving market. The property is classified as a multi-tenant shopping center with outlot building options. This presents a unique opportunity for businesses seeking high visibility and access to a large consumer base.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 125,018 SF
Lot 14.29 ac (622,690 SF)
APN 79-07-23-376-023.000-004
UPID US31-0388009
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
Current use
Occupant on record · Public records
  • Burlington Coat Factory Clothing Store
  • Lane Bryant Clothing & Fashion Store
  • Men's Wearhouse Clothing & Fashion Store
  • Sport Clips Haircuts of Lafayette Barber Shop
  • Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.26M
Blend (final) Blend
$5.28M
Owner & transaction history
City Of Lafayette · 19 yrs held
City Of Lafayette
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $8.5M +42.2%
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