2114 Lafayette Ave Terre Haute, IN 47805
This exceptional 8.67-acre property located at 2114 Lafayette Avenue in Terre Haute, Indiana, presents a unique investment opportunity. The existing structures, totaling 1,273 square feet, were built in 1941 and are currently suitable for multifamily use. However, the expansive lot size and versatile zoning offer significant potential for a variety of commercial developments. This prime location in Vigo County, zip code 47805, provides easy access to major transportation routes and essential amenities. The asking price is $399,000, making this a compelling proposition for investors seeking a high-return property with significant upside. The property's versatility allows for creative redevelopment, catering to a range of commercial ventures. Given its size and location, this property is well-suited for expansion or the construction of new commercial buildings. The existing structures could be renovated for multifamily housing or repurposed for other commercial uses. Serious inquiries are encouraged to explore the full potential of this remarkable property and its significant development opportunities. The property is situated at 39.5089812 latitude and -87.385705 longitude. This is a rare chance to acquire a substantial parcel of land in a desirable location with a proven track record for commercial success.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.