501 Earl Ave Lafayette, IN 47904-2818

Property Details for 501 Earl Ave

Year built

1988

Construction

WOOD

Lot size

0.73 lot acres

Property size

7,200 SF

Property type

Auto shops

APN

79-07-22-330-004.000-004

APU

790722330004000004

Description

This exceptional investment opportunity presents a 7,200-square-foot vacant auto facility situated on a 0.73-acre lot at 501 North Earl Avenue in Lafayette, Indiana. Built in 1988, this former MAACO location boasts five service bays and a fenced-in lot, ideal for a variety of automotive uses, including body shops or repair centers. The property is offered at $880,000, representing a price per square foot of $122.22. Its prime location on North Earl Avenue, experiencing approximately 7,500 vehicles per day, and its adjacency to a McDonald's with over 28,000 vehicles per day, ensures high visibility and accessibility. The property benefits from a strong demographic profile, with a 5-minute drive time encompassing a population of 19,292 residents and an average household income of $74,040. Expanding the radius to 10 minutes includes 75,538 residents with an average household income of $71,415, and a 15-minute radius encompasses 149,192 residents with an average household income of $85,532. This single-tenant, net lease property presents a secure investment opportunity with significant potential for future growth and profitability in a thriving market. The property is 100% vacant and ready for immediate occupancy. The zip code is 47904.

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Longitude

-86.86

Latitude

40.4219

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments