2401 Lafayette Ave Terre Haute, IN 47805-2840
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.