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    Property profile & analytics

    2049 Lafayette Ave Terre Haute, IN 47805-2919

    • Turn key restaurants
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US31-1760345
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 2049 Lafayette Ave

    Year built
    1979
    Lot size
    0.71 lot acres
    Property type
    Turn key restaurants
    APN
    84-06-02-354-015.000-002
    APU
    840602354015000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $295,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $310,000
      Mixed-Use
      $275,000
      Hospitality
      $360,000
      Educational
      $325,000
      Residential Income
      $320,000
      Energy
      $340,000
      Income-Based Land
      $335,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.3855
    Latitude
    39.508
    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
    $4,930
    $34,300
    $121,600
    $155,900
    -
    $34,300
    $121,600
    $155,900

    Comparable in this City

    • Value Estimation
      $455,000
      1.50 Acres

      2155 Lafayette Ave

      RESTAURANT • 1.50 Acres
      2155 Lafayette Ave, Terre Haute, IN 47805-2917
      View Details
    • Value Estimation
      $410,000
      10,880 SF

      4500 Temple Ave

      RESTAURANT • 10,880 SF
      4500 Temple Ave, Terre Haute, IN 47805
      View Details
    • Value Estimation
      $170,000
      1.28 Acres

      2105 Lafayette Ave

      RESTAURANT • 1.28 Acres
      2105 Lafayette Ave, Terre Haute, IN 47805-2917
      View Details
    • Value Estimation
      $425,000
      1,946 SF

      2720 Lafayette Ave

      RESTAURANT • 1,946 SF
      2720 Lafayette Ave, Terre Haute, IN 47805-2129
      View Details
    • Value Estimation
      $320,000
      1.53 Acres

      2000 Lafayette Ave

      RESTAURANT • 1.53 Acres
      2000 Lafayette Ave, Terre Haute, IN 47805-2920
      View Details
    • Value Estimation
      $330,000
      1,845 SF

      2039 Lafayette Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,845 SF
      2039 Lafayette Ave, Terre Haute, IN 47805-2919
      View Details

    Similar Nearby for Sale

    • $289,000
      4.38 Acres

      Terre Haute Restaurant & Land Sale

      Iconic Restaurant, 4.38 Acres
      7093 Rosedale Rd, Terre Haute, IN 47805
      View Details
    • $699,900
      2,948 SF

      Terre Haute Car Wash Business

      Established Car Wash, High Traffic Area
      2222 Spring Clean Ave, Terre Haute, IN 47805
      View Details
    • $325,000
      0.82 Acres

      Freestanding Commercial Building on Lafayette

      Freestanding commercial building with high visibility and move-in readiness.
      2160 Lafayette Ave, Terre Haute, IN 47805
      View Details
    • $99,000
      0.36 Acres

      Historic Sandcut Grocery Opportunity

      Historic grocery building with versatile layout in Northern Vigo County.
      8094 Rosedale Rd, Terre Haute, IN 47805
      View Details
    • $62,000
      1.69 Acres

      Lakefront Residential Lot Available

      1.69 acre lakefront lot ready for custom home.
      Egan St, Terre Haute, IN 47805
      View Details
    • $199,000
      1.48 Acres

      Skating Rink with C2 Zoning

      Skating rink with hardwood floor, lounge, kitchen, and ample parking.
      4600 N Smith St, Terre Haute, IN 47805
      View Details

    Property Visit Statistics

    • Visits by month
      11.6k
    • Visitors by month
      6.2k
    • Avg Time on site
      7 min
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    2049 Lafayette Ave
    Terre Haute, IN 47805-2919
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    Realmo Value Estimation

    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.

    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.

    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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