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Property profile & analytics
OFF-MARKET
Outlet malls

2401 Lafayette Ave Terre Haute, IN 47805-2840

12,000 SF 1.46 ac lot Built 1980
Entity Owned 1-yr Hold Free & Clear
Property ID
US31-1871190
Property summary
AI-generated overview

This exceptional commercial property in Terre Haute, Indiana, presents a unique investment opportunity. Located at 2401 Lafayette Avenue, this 1.46-acre site features three buildings totaling 14,166 square feet. The largest building, a former Dollar General store, offers 12,000 square feet of versatile space. A second building, measuring 1,536 square feet, is ideal for use as a garage, storage facility, or repair shop. The third building, at 630 square feet, is well-suited for a variety of uses, including a barbershop, beauty salon, gift shop, or office. Built in 1980, this single-story property is situated in Vigo County, zip code 47805, and is conveniently located in North Terre Haute. The property is available for sale at $359,900. Lease options are also available: the 12,000 sq ft building for $3,750/month plus utilities; the 1,536 sq ft building for $1,000/month plus utilities; and the 630 sq ft building for $500/month plus utilities. This multi-building property offers significant potential for diverse income streams and is an attractive proposition for investors seeking a strong return.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1980
Construction WOOD
Total area 12,000 SF
Lot 1.46 ac (63,598 SF)
APN 84-06-02-187-007.000-002
UPID US31-1871190
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Saipro LLC · 1 yrs held
Saipro LLC
since 2024
4 recorded transactions
2024
Price N/A
2015
Price N/A
2013
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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