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Property profile & analytics
OFF-MARKET Estimated value $1,295,000
Strip malls

1400 Teal Rd Lafayette, IN 47905-2464

68,065 SF 4.55 ac lot Built 1958
Entity Owned Free & Clear
Property ID
US31-1285045
Property summary
AI-generated overview

Jefferson Square Shopping Center, located at 1400 Teal Rd, Lafayette, IN 47905, presents a unique investment opportunity. This single-story, 78,326 square foot retail and industrial center features 16 suites, currently boasting a mix of established businesses. The property is zoned NB and offers excellent visibility due to its location in a highly trafficked area. Two spaces are immediately available, ranging from 1,306 to 4,142 square feet, providing flexibility for various business needs. The center is well-maintained and benefits from strong ownership. Current co-tenants include a diverse range of businesses, such as Lafayette Printing, Healthier Lafayette, Jackson Hewitt, Rising Tide Salon, Trader’s Buck, Don's Barber Shop, 21 Petals, Two Men & a Truck, Arrow Workforce Solutions, Eye Surgeons of Indiana, The Forge Training Center, and Shelley’s Café, creating a vibrant and established commercial environment. The property's high traffic counts and well-recognized location make it an ideal choice for businesses seeking strong visibility and a thriving customer base. There are no elevators on the property. A total of 5,448 square feet is currently vacant. This presents a compelling opportunity to establish a presence in a successful and well-established shopping center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1958
Construction TYPE NOT SPECIFIED
Total area 68,065 SF
Lot 4.55 ac (198,198 SF)
APN 79-07-33-326-001.000-004
UPID US31-1285045
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
  • Damon Dierker Physician
  • Shellie's Cafe Dnv Restaurant
  • Jackson Hewitt Tax Service Accounting Firm Tax Preparation
  • Eye Surgeons of Indiana Physician Ophthalmologist
  • Kathleen Williamson Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.07M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.30M
Owner & transaction history
JEFF SQUARE LLC
JEFF SQUARE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.1M +1.2%
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