403 Jefferson StLafayette, IN 47905

Property Details for 403 Jefferson St

Year built

1979

Property size (Sq ft)

2,400 SF

Property type

Warehouses

Property subtype

Specialty properties

Description

This vacant, I-3 zoned warehouse at 403 Jefferson St, Lafayette, IN 47905, presents a compelling investment opportunity. The property boasts 2,400 square feet of usable space, complemented by an additional 2,400 square feet of usable attic space, ideal for various uses. Two large sliding doors facilitate easy equipment access. Existing gas and electric utilities are in place. The building features a 10-foot ceiling height and was constructed in 1979. Its strategic location offers convenient access to downtown Lafayette (less than one mile) and the city's south and west sides, situated on a quiet street in Tippecanoe County. The property's pro-forma net operating income (NOI) is $12,150. Market rents for comparable spaces range from $6 to $8 per square foot per year, suggesting strong potential for rental income. Two small residential lots across the street are included. This property is well-suited for storage, business operations, or personal pursuits. The asking price is $125,000.

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4054

Longitude

-86.9011

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