8 3rd St Lafayette, IN 47901-1264
This exceptional Class A creative office building, located at 8 N 3rd St, Lafayette, IN 47901, presents a unique investment opportunity. Boasting 36,688 square feet across four stories, this property sits on a 0.14-acre lot (APN: 79-07-20-465-002.000-004) at a prime downtown corner location, offering excellent visibility and accessibility. Built in 1865 and listed on the National Register of Historic Places, the building underwent a major interior renovation in 2010. The property features two elevators (one passenger, one freight) and benefits from a permitted CB zoning designation. Its strategic location, within walking distance of the County and Federal courthouses, attracts a desirable tenant base, including attorneys and technology companies. The building's corner location maximizes natural light and provides enhanced tenant comfort. Currently housing top-quality, long-term tenants, this investment offers significant rent growth potential. The asking price is $2,975,000, translating to $81.09 per square foot. This multi-tenant building represents a rare blend of historic charm and modern functionality in a high-demand location.
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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.