Property profile

300 Main St Lafayette, IN 47901

FOR LEASE
Office Spaces
Property ID
US31-0595497
69,805 SF 0.14 ac lot Built 1907
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 10-story, Class B commercial building, located at 300 Main Street in Lafayette, Indiana, presents a unique investment opportunity. Built in 1907, this landmark property boasts a total of 69,805 square feet and comprises 20 individual suites, perfect for multiple tenants. The building offers a range of office spaces currently available, ranging from 400 to 1,317 square feet, providing flexibility for businesses of various sizes. Situated in Tippecanoe County, with a convenient 47901 zip code, this property benefits from a prime downtown location. The building's single structure is well-maintained and offers a blend of historical charm and modern functionality. The property is categorized as both Office and Land, providing potential for future development or expansion. Tenants are responsible for their own internet, phone, and janitorial services, offering cost-effective occupancy. This is an excellent opportunity to acquire a well-established commercial property in a thriving Indiana city. The building's multiple suites and diverse space options make it an ideal investment for a portfolio or a single large tenant seeking to occupy multiple units. The property's location in the heart of Lafayette offers easy access to local amenities, transportation, and a strong workforce.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1907
Construction CONCRETE
Total area 69,805 SF
Lot 0.14 ac (6,186 SF)
APN 79-07-20-455-009.000-004
UPID US31-0595497

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Financial Advisor
  • Law Firm
  • Law Firm
  • Law Firm

Location

300 Main St Lafayette, IN 47901
Lafayette metro Census 11100 LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.10M
Blend (final) Blend
$3.81M

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message