Property profile

501 Earl Ave Lafayette, IN 47904

OFF-MARKET
Auto shops
Property ID
US31-0585047
7,200 SF 0.73 ac lot Built 1988
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1988
Construction WOOD
Total area 7,200 SF
Lot 0.73 ac (31,929 SF)
APN 79-07-22-330-004.000-004
UPID US31-0585047

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
  • Auto Repair Shop

Location

501 Earl Ave Lafayette, IN 47904-2818
Lafayette metro Census 700 LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$880k

Owner & transaction history

since 2024
Last sale
$880,000
4 recorded transactions
2024
$880,000
2024
Price N/A
2018
Price N/A
2012
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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