Property profile

252 State St West Lafayette, IN 47906

OFF-MARKET
Drive through restaurants
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Property ID
US31-0703869
3,146 SF 0.74 ac Built 1982
Last sale Oct 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is an approximately 3,146-square-foot restaurant building situated on a 0.74-acre site with a drive-thru configuration and 34 parking spaces. It is located on a signalized hard corner at the intersection of State St. and Roebuck Dr., within walking distance of Purdue University. The site is adjacent to the Rambler Riverfront development, which is planned to include 583 apartments. The property is configured for drive-thru service and supports restaurant use, subject to applicable local land and drive-thru approvals.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$1.25M
Assessed improvement$1.25M
Effective rate2.62%

Value estimate

· Nov 2026
$490k
$441k – $539k
AI approach$455k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTIPPECANOE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office21.5
Wholesale Shop18.4
Building Supply17.2

Location

252 State St West Lafayette, IN 47906-3223
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
265 State, West Lafayette, IN 47906-3222 $5,734,000 Dec 2024 2,250 SF
2417 Yeager, West Lafayette, IN 47906 $750,000 Sep 2023 1,820 SF
3464 Bethel, West Lafayette, IN 47906-6654 $340,000 Aug 2021 6,904 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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