Technical
Financial
Distress signals
Property profile

3205 Un St Lafayette, IN 47904

OFF-MARKET
Retail space
Property ID
US31-0059936
1,224 SF 0.46 ac lot Built 1994
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 3205 Union Street in Lafayette, Indiana, offers 13,875 square feet of vacant space, perfect for multiple tenants. The property is currently available in four divisible units, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,075 square feet. Situated in Tippecanoe County, this location boasts high visibility and foot traffic due to its proximity to downtown Lafayette, popular retail destinations, entertainment venues, and diverse dining options. The property benefits from its convenient location near key attractions such as Columbian Park, Tippecanoe Mall, and the Purdue University campus, ensuring a consistent flow of potential customers. This vibrant area offers a dynamic and bustling environment, ideal for businesses seeking a prime retail location in a thriving community. The address is 3205 Union St, Lafayette, IN 47904. This is a multi-tenant property with significant potential for a variety of retail uses. The entire building is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Construction CONCRETE
Total area 1,224 SF
Lot 0.46 ac (20,212 SF)
APN 79-07-22-329-021.000-004
UPID US31-0059936

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
  • Telecommunications Service
  • Restaurant
  • Discount Store
  • Bank Credit Union

Location

3205 Un St Lafayette, IN 47904-2760
Lafayette metro Census 700 LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2020
6 recorded transactions
2020
Price N/A
2014
Price N/A
2013
Price N/A
2012
Price N/A
2004
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
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