1145 Lafayette Ave Terre Haute, IN 47804
Property profile & analytics
1145 Lafayette Ave Terre Haute, IN 47804
- Retail space
- 7,374 SF
- 0.28 lot acres
Property ID
US31-1562546
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.
Location Intelligence
Current Use by Public Records
- Wagon Wheel / Bar & Pub
Property Details for 1145 Lafayette Ave
- Year built
- 1905
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 7,374 SF
- Property type
- Retail space
- APN
- 84-06-15-135-002.000-002
- APU
- 840615135002000002
Description
This exceptional investment opportunity in Terre Haute, Indiana, presents a thriving restaurant and lucrative rental income stream. Located at 1145 Lafayette Avenue, this property boasts a well-established restaurant, operating successfully since 2005 and benefiting from its position within the 12 Points Revitalization area. The sale includes a valuable three-way liquor license, significantly enhancing the business's potential. All necessary restaurant equipment is included in the sale, allowing for a seamless transition for a new owner. Adding to the property's appeal are four one-bedroom apartments, generating an additional annual income of $17,400. These apartments are separately metered for electricity and gas, minimizing the landlord's operational expenses. The owner covers water, sewage, and trash services for both the restaurant and the apartments. The asking price for this combined commercial and residential property is $349,900. This turnkey operation offers a unique blend of established business and passive rental income, making it an attractive investment for discerning buyers seeking a profitable venture in a revitalizing area of Terre Haute. The property is zoned for retail and land use and is located in Vigo County, Indiana, zip code 47804. This is a rare opportunity to acquire a profitable, established business with significant additional income potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Terre Haute
- County
- Vigo
- State
- Indiana
- Longitude
- -87.4007
- Latitude
- 39.4888
- CBSA code
- 45460
- CBSA name
- TERRE HAUTE, 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
$3,815
$17,200
$120,000
$137,200
-
$17,200
$120,000
$137,200
