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    201 Main St Lafayette, IN 47901

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    201 Main St Lafayette, IN 47901

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    • Banks
    • 0.05 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Prime Lafayette Office Space For Lease
    $17 SF/Yr

    Prime Lafayette Office Space

    4,317 sq ft, Modern Office Suite

    201 Main St, Lafayette, IN 47901
    View Listing
    Property ID
    US31-0986411
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chase Mortgage / Loan Service / Bank
    • Chase Bank / Bank / Loan Service
    • ARCEM Solutions / Tech Support Center / IT Consulting Firm
    • Cardwell, King, and Downey Wealth Management of Raymond James / Financial Advisor
    • Club America Air Conditioning & Heating / HVAC Service / General Contractor

    Property Details for 201 Main St

    Lot size
    0.05 lot acres
    Property type
    Banks
    APN
    79-07-20-456-019.000-004
    APU
    790720456019000004

    Description

    This exceptional 10-story office building, the Lafayette Bank Tower, located at 201 Main Street in Lafayette, Indiana, offers a variety of office spaces to suit various business needs. With a total of 76,232 square feet, the building boasts multiple tenancy options, ranging from a minimum of 798 square feet to a maximum contiguous space of 8,534 square feet. Currently, 36,580 square feet are available. Built in 1970, this Tippecanoe County property enjoys a prime downtown location, just one block from the Wabash River waterfront. The building offers excellent visibility from Lafayette, West Lafayette, and Purdue University. Its strategic location provides easy access to the vibrant Main Street dining and shopping scene, as well as the John T. Myers Pedestrian Bridge leading to Wabash Landing's retail, apartment, and hotel options. The Lafayette Bank Tower features an attached, secured parking garage and offers the convenience of two move-in ready, fully furnished suites. Join prestigious tenants such as Chase Bank, Centier Bank, Ball Law, and Trinitas Ventures in this best-in-market building. This is an unparalleled opportunity to establish your business in the heart of Lafayette's financial district, enjoying stunning views of the city and its surroundings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8953
    Latitude
    40.4189
    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
    $1,330
    $56,000
    $0.00
    $56,000
    -
    $56,000
    $0.00
    $56,000

    Comparable in this City

    • Value Estimation
      $1,450,000
      16,997 SF

      250 Main St Ste, Unit 210

      FINANCIAL BUILDING • 16,997 SF
      250 Main St Ste, Lafayette, IN 47901-1286
      View Details
    • Value Estimation
      $835,000
      9,082 SF

      250 Main St Ste, Unit 110

      FINANCIAL BUILDING • 9,082 SF
      250 Main St Ste, Lafayette, IN 47901-1285
      View Details
    • Value Estimation by Request
      0.06 Acres

      133 4th St

      FINANCIAL BUILDING • 0.06 Acres
      133 4th St, Lafayette, IN 47901-1371
      View Details
    • Value Estimation by Request
      812 SF

      401 4th St

      FINANCIAL BUILDING • 812 SF
      401 4th St, Lafayette, IN 47901
      View Details
    • Value Estimation by Request
      0.03 Acres

      201 Main St

      FINANCIAL BUILDING • 0.03 Acres
      201 Main St, Lafayette, IN 47901-1277
      View Details
    • Value Estimation by Request
      0.12 Acres

      201 Main St

      FINANCIAL BUILDING • 0.12 Acres
      201 Main St, Lafayette, IN 47901-1277
      View Details

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    201 Main St
    Lafayette, IN 47901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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