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Property profile & analytics
OFF-MARKET
Residential income homes

1010 Main St Lafayette, IN 47901-1541

7,386 SF 0.09 ac lot Built 1900
Individually Owned Free & Clear
Property ID
US31-1162187
Property summary
AI-generated overview

This exceptional 7,386 square foot commercial property, located at 1010 Main Street in Tippecanoe County, presents a unique investment opportunity. The property is classified as retail and land, featuring a single tenant occupancy within a historical building. The main retail space encompasses 2,300 square feet, offering ample room for a variety of businesses. The building boasts attractive features including exposed brick walls, adding character and charm to the space. A significant advantage is the inclusion of rear parking spaces accessible via a back door, providing convenient customer and employee parking. The building's prime location on a busy section of Main Street places it amongst popular establishments such as a wine bistro, restaurants, and other retail businesses, ensuring high foot traffic and visibility. Summer months see increased activity due to the "Mosey Down Main St" events, further boosting potential customer engagement. Inside, the space has been thoughtfully renovated to include high ceilings exceeding 12 feet, a fully equipped kitchenette, and a complete bathroom, enhancing functionality and appeal. This property offers a blend of historical charm and modern convenience, making it an ideal location for a discerning business owner seeking a thriving retail environment. The property's total building size is 7,386 square feet, distributed across a single suite.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1900
Construction WOOD
Total area 7,386 SF
Lot 0.09 ac (4,138 SF)
APN 79-07-21-359-004.000-004
UPID US31-1162187
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
  • Virtuous Cycles (Bike/Boat/Book/etc) Store
  • Ralph Privoznik Jewelry Art (Bike/Boat/Book/etc) Store
  • Sigil Spellcrafters Clothing & Fashion Store
  • Platinum Home Mortgage - Lafayette Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
RALPH L PRIVOZNIK
RALPH L PRIVOZNIK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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