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Property profile & analytics

109 Beck Ln Lafayette, IN 47909-2844

  • Strip malls
  • 41,200 SF
  • 8.54 lot acres
OFF-MARKET
Value Estimation
Last Sale
Jan 30, 2025
Location Intelligence
Property ID
US31-1085324
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

  • El Rodeo Mexican Restaurant / Mexican Restaurant / American Restaurant
  • Subway / Sandwich Shop / Caterer
  • Cato Fashions / Women'S Clothing Store
  • Edward Jones - Financial Advisor: Brad Grabowski, CFP®|AAMS™ / Investment Service / Finance Broker
  • Metro by T-Mobile / Cell Phone Store / Cell Phone Accessory Store

Property Details for 109 Beck Ln

Year built
2004
Construction
WOOD
Lot size
8.54 lot acres
Property size
41,200 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
79-11-05-100-010.000-033
APU
791105100010000033

Description

Beck Plaza, a 41,200 square foot multi-tenant shopping center in Lafayette, Indiana, is offered for sale at $4,600,000. This NNN-leased property boasts a strong national tenant lineup including Dollar Tree, Metro PCS, Subway, Edward Jones, Papa John's, Rent-A-Center, and Cato Company, shadow anchored by a Pay Less Supermarket/Kroger. Currently, there is an 18% vacancy rate, presenting a value-add opportunity for potential lease-up. Built in 2004, the property sits on an 8.54-acre lot with 1,100 feet of frontage along Beck Lane and Old US Highway 231 (approximately 21,000 vehicles per day). Its strategic location is a short five-minute drive from Purdue University, benefiting from a strong demographic area with over 127,000 residents and 69,000 employees within a five-mile radius. The property features a low price per square foot of $111.65, below replacement cost, and offers a current NOI of $375,353, representing an 8.16% cap rate. The property's location near Purdue University, a top-ranked public school with a large student population and substantial endowment, further enhances its investment potential. The property is open to new financing.

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
-86.9009
Latitude
40.3865
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
$76,020
$0.00
$3,088,500
$3,088,500
-
$0.00
$3,088,500
$3,088,500
More about this property
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