1300 Howell StLafayette, IN 47904

Property Details for 1300 Howell St

Year built

1925

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

5,834 SF

Property type

Retail space

APN

79-07-21-103-001.000-004

APU

790721103001000004

Description

This exceptional retail property, located at 1300 Howell Street in Tippecanoe County, offers a fantastic opportunity for a single-tenant business. Situated conveniently two blocks south of Greenbush Street, on the corner of Howell and 13th Street, this property boasts a total of 1,600 square feet of retail space. The main storefront comprises 1,300 square feet, providing ample room for customer interaction and product display. An additional 300 square feet of space is available in the rear of the building, ideal for inventory storage or a small back office. The property is being delivered "as is" and includes one restroom. The building sits on a larger parcel of land, with the total land and building square footage measuring 5,800 square feet. This presents a unique opportunity for a business seeking a well-located, established retail space with potential for expansion or future development. The property's corner location offers excellent visibility and accessibility, making it an attractive option for a variety of retail businesses. This is a single-tenant property, providing a straightforward and manageable ownership experience. The property is ready for immediate occupancy. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,178,770

  6.5%

  $2,011,170

  7%

  $1,867,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $790,274

  Geo Method

  $790,274

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,959,290

  Mixed-Use / Specialty

  $1,988,930

  Hospitality / Lodging

  $1,439,590

  Office

  $1,961,410

  Institutional / Educational

  $2,062,300

  Residential Income

  $2,412,890

  Multifamily

  $2,977,460

  Automotive / Energy

  $1,767,680

  Parking / Income-Based Land

  $624,899

  Restaurant / Food Service

  $1,002,290

  Healthcare / Senior Housing

  $2,055,070

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4305

Longitude

-86.8831

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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