100 Northwestern Ave West Lafayette, IN 47906-3502
The Miller Building, located at 100 Northwestern Ave, West Lafayette, IN 47906, presents a unique investment opportunity. This mixed-use property boasts a prime location at the intersection of South Street and Northwestern Avenue, benefiting from high foot traffic and proximity to Purdue University. The building comprises nine apartments, catering to the substantial student population, and features Greyhouse Coffee, a popular local coffee shop, on the ground floor. The second floor offers several office spaces, currently utilized by the property owner for management purposes, and suitable for a corporate headquarters or other professional use. This property offers a blend of income streams from retail, residential, and office spaces. The building's strategic location is further enhanced by a recently announced $300 million investment in a neighboring development, promising continued growth and increased property value. The asking price for this iconic West Lafayette landmark is $5,500,000. This is an exceptional opportunity to acquire a well-established, income-producing asset in a thriving college town. The property's diverse tenant mix and prime location make it an attractive investment for both seasoned and emerging investors seeking strong returns in a dynamic market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.