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Property profile & analytics
OFF-MARKET Estimated value $5,650,000
Retail properties & Spaces

2200 Elmwood Ave Ste B Lafayette, IN 47904-2394

76,052 SF 3.34 ac lot Built 1957
Entity Owned 5-yr Hold Free & Clear
Property ID
US31-3258225
Property summary
AI-generated overview

Market Square Shopping Center presents a unique opportunity for businesses seeking vibrant retail space in the heart of Greater Lafayette. This established mixed-use shopping center boasts a diverse tenant mix, creating a thriving and well-established community atmosphere. Currently, eight spaces are available, ranging from a minimum of 1,254 square feet to a maximum contiguous space of 17,735 square feet, offering flexibility for various business needs. The center's existing tenants include a variety of locally-owned retail stores, restaurants, and businesses, ensuring a strong customer base and high foot traffic. The available spaces are ideal for a wide range of uses, including retail, office, restaurant, medical, and specialty stores. Key features include abundant natural light throughout the spaces, creating a welcoming and bright environment for both employees and customers. The center also benefits from heavy daytime traffic, ensuring high visibility and accessibility for businesses. Ample on-site parking is provided, guaranteeing convenient access for shoppers and employees alike. This is an exceptional opportunity to establish or expand your business within a well-established and successful shopping center in a thriving community. The competitive rental rates make this an attractive proposition for businesses of all sizes. Contact us today to learn more about the available spaces and secure your place in the vibrant Market Square community. The total number of suites in the building is 35.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1957
Construction TYPE NOT SPECIFIED
Total area 76,052 SF
Lot 3.34 ac (145,490 SF)
APN 79-07-21-226-010.000-004
UPID US31-3258225
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
  • Camera Outfitters LLC Electronics & Wireless Store
  • Troy's BBQ Sauces Big Box & Wholesale Store
  • National Auto Insurance Insurance Agency
  • King David's Tattoo Tattoo & Piercing Shop
  • Rocco’s Market Square Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.83M
Blend (final) Blend
$5.65M
Owner & transaction history
Lafayette LLC · 5 yrs held
Lafayette LLC
since 2021
5 recorded transactions
2021
$5.8M
2021
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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