401 Earl AveLafayette, IN 47904

Property Details for 401 Earl Ave

Year built

1941

Construction

TYPE NOT SPECIFIED

Lot size

0.87 AC

Property size (Sq ft)

27,486 SF

Property type

Office properties

APN

79-07-27-182-002.000-004

APU

790727182002000004

Description

This well-maintained, four-story commercial building at 401 South Earl Avenue in Lafayette, Indiana, offers 27,486 square feet of office space. The multi-tenant property boasts seven suites ranging in size from 735 to 2,200 square feet, providing flexibility for various business needs. Its excellent location in Tippecanoe County offers terrific central access to downtown Lafayette, Purdue University, and Interstate 65, ensuring high visibility and convenient commuting for employees and clients. The building features an elevator for easy access to all four floors. On-site parking is provided for tenants' convenience, along with on-site mail delivery services. This is an ideal opportunity for businesses seeking a well-maintained, centrally located office space in a thriving Indiana community. The property is zoned for commercial use and includes ample parking. The building's excellent condition and desirable location make it a strong investment opportunity. Individual offices and smaller suites are also available, catering to a range of business sizes and requirements. The zip code is 47904.

• CAP approach

  CAP return

  Valuation

  6%

  $10,011,000

  6.5%

  $9,240,900

  7%

  $8,580,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,580,050

  Geo Method

  $3,580,050

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $18,653,600

  Retail / Commercial

  $9,475,340

  Mixed-Use / Specialty

  $9,370,540

  Hospitality / Lodging

  $6,782,410

  Institutional / Educational

  $9,716,210

  Residential Income

  $11,368,000

  Multifamily

  $14,027,800

  Automotive / Energy

  $8,328,180

  Parking / Income-Based Land

  $2,944,120

  Restaurant / Food Service

  $4,722,120

  Healthcare / Senior Housing

  $9,682,150

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4131

Longitude

-86.8602

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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