500 Sagamore Pkwy W, West Lafayette, IN 47905
- Strip malls
- 12,600 SF
- 4.01 lot acres
Current Use by Public Records
- Strip malls
Property Details for 500 Sagamore Pkwy W
- Year built
- 1992
- Construction
- WOOD
- Lot size
- 4.01 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 79-07-07-252-011.000-026
- APU
- 790707252011000026
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 2, 2014 | — | Wabash Five LLC | Boehning,richard A | Quit Claim Deed · related | — |
Description
University Square, a thriving 36,778 square foot retail center in West Lafayette, Indiana, offers 11 suites for lease. Two spaces are currently available, ranging from 1,740 to 3,357 square feet. This grocery-anchored shopping center enjoys a prime location on Sagamore Parkway West, boasting over 900 feet of frontage and exceeding 30,000 vehicles per day in traffic counts. Ample surface parking ensures convenient access for customers. The center benefits from excellent signage and a strong tenant mix, including Fifth Third Bank, Fleet Feet Shoes, Talbots, Sunspot Grocers, and more. Its strategic location less than two miles from Purdue University provides access to both the university and local communities. The surrounding area is a blend of commercial businesses and desirable residential neighborhoods, contributing to a high quality of life and affordable housing options. Nearby businesses include Aldi, Goodwill, AutoZone, and O'Reilly, further enhancing the area's appeal and foot traffic. This property presents a unique opportunity to establish a business within a well-established and successful retail environment in a vibrant Indiana community. The property is located in Tippecanoe County, with a zip code of 47906.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $610,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $607,000
Market price range: $343k - $608k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $440,000 Current use
- COMMERCIAL (GENERAL)
- $905,000 Change: +106% Conversion: Easy
- RETAIL STORES
- $895,000 Change: +104% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $885,000 Change: +102% Conversion: Difficult
- MEDICAL BUILDING
- $770,000 Change: +75% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $435,000 Change: -0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- West Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.9122
- Latitude
- 40.4538
- CBSA code
- 29200
- CBSA name
- LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
