1411 14Th StLafayette, IN 47904

Property Details for 1411 14Th St

Year built

1940

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

1,600 SF

Property type

Retail properties

Property subtype

Retail space

APN

79-07-21-126-001.000-004

APU

790721126001000004

Description

This exceptional commercial property at 1411 N 14th Street, Lafayette, Indiana 47904, presents a unique investment opportunity. Priced at $128,400, this property boasts a versatile layout ideal for a variety of businesses. The main building offers 900 square feet of storefront space, perfect for retail or office use, providing excellent street visibility. An attached 700 square foot garage offers ample storage for equipment or inventory, adding significant value and practicality. A single restroom is conveniently located within the main building. Adding to the property's functionality is a bonus storage area accessible via stairs in the attic, providing extra space for archiving or less frequently used items. The property's location is highly advantageous, situated just one block south of Greenbush Street on 14th Street, before the intersection of Morton and 14th Street, ensuring easy access and high visibility. The property is classified as both Office and Land, offering flexibility for future development or expansion. With a total square footage of 1,600, this property is ready for immediate occupancy and presents a compelling opportunity for both established businesses and new ventures. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $755,866

  6.5%

  $697,722

  7%

  $647,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $525,168

  Geo Method

  $525,168

• Alternative Use

  Use

  Valuation

  Residential

  $588,555

  Hospitality

  $539,113

  Educational

  $448,536

  Medical

  $463,962

  Retail

  $697,722

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4315

Longitude

-86.8821

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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