415 Columbia St Lafayette, IN 47901
For Sale
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This exceptional investment opportunity presents two contiguous third-floor condos (Units 3A & 3B) within the prestigious Columbia Center in Lafayette, Indiana's central business district. The combined space totals approximately 14,595 square feet, offered for sale at $2,600,000. Unit 3A is currently leased to two tenants, generating immediate rental income, while Unit 3B is vacant, providing flexibility for owner-occupancy or additional leasing potential. Located on Columbia Street, a major thoroughfare leading to Purdue University, this Class A office building benefits from high visibility, excellent signage opportunities, and convenient access to the Tippecanoe County Courthouse. The building features an attached parking garage and ample street parking, ensuring convenient parking for tenants and visitors. The property's location within Lafayette's thriving central business district, characterized by new development and a growing number of businesses and residents, makes it an attractive investment. This is a rare opportunity to acquire a substantial, well-located office space with immediate income potential and significant upside. The property is situated less than a mile from Purdue University, further enhancing its appeal and potential for long-term growth.
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Comprehensive Psychological Physician Medical Clinic
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Mutual of Indiana Insurance Company Insurance Agency
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Morgan Stanley Financial Advisors Financial Advisor
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Holder Law Office Law Firm
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Caleb Quick - Morgan Stanley Financial Advisor
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
Similar Nearby for Lease
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.