581 36Th StLafayette, IN 47905

Property Details for 581 36Th St

Year built

1982

Construction

TYPE NOT SPECIFIED

Lot size

0.94 AC

Property size (Sq ft)

13,425 SF

Property type

Warehouses

APN

79-07-22-427-004.000-004

APU

790722427004000004

Description

This 12,000-square-foot industrial warehouse in Lafayette, Indiana, offers a versatile space ideal for various business needs. Located at 581 N 36th Street, this single-tenant property boasts excellent access to major roadways including I-65, US 52, SR 26, and Union Street, providing convenient transportation links. The building features a spacious 10,550-square-foot warehouse area with a 16-foot ceiling height, perfect for storage, manufacturing, or distribution. Three 8x10 overhead doors—a dock door, a van height door, and a drive-in door—ensure efficient loading and unloading. The warehouse floor plan is designed for maximum efficiency with only two center columns, minimizing obstructions. A 1,450-square-foot office space, complete with a mezzanine for additional storage, provides ample room for administrative functions. The property sits on 0.937 acres and is zoned I-3. This property offers a combination of value, flexibility, and convenience for businesses of all sizes. Its strategic location near Purdue University and major transportation arteries makes it an attractive option for companies seeking a central location in Lafayette. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $9,870,230

  6.5%

  $9,110,980

  7%

  $8,460,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,797,770

  Geo Method

  $2,797,770

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,628,050

  Mixed-Use / Specialty

  $4,576,860

  Hospitality / Lodging

  $3,312,730

  Office

  $4,513,540

  Institutional / Educational

  $4,745,690

  Residential Income

  $5,552,460

  Multifamily

  $6,851,620

  Automotive / Energy

  $4,067,740

  Parking / Income-Based Land

  $1,438,000

  Restaurant / Food Service

  $2,306,430

  Healthcare / Senior Housing

  $4,729,060

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4218

Longitude

-86.85

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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