250 Main StLafayette, IN 47901

Property Details for 250 Main St

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

0.07 AC

Property size (Sq ft)

3,102 SF

Property type

Office properties

APN

79-07-20-460-007.009-004

APU

790720460007009004

Description

This stunning, well-maintained office building, located at 250 Main St, Lafayette, IN 47901, offers 13,174 square feet of executive office space in the heart of the downtown business district. Situated on the courthouse square at the corner of 3rd and Main Streets, this property provides unparalleled access to a vibrant array of dining, shopping, and entertainment options. The building boasts a beautiful stone and brick façade and offers multiple tenancy options, with spaces ranging from a minimum of 1,487 square feet to a maximum contiguous space of 3,923 square feet. Currently, the entire 13,174 square feet is vacant and available. The property features convenient on-site parking in a building garage, as well as ample on-street parking. This exceptional location and versatile space make it ideal for businesses seeking a prestigious address and convenient access to all that downtown Lafayette has to offer. Both office and retail spaces are available within the building. This is a rare opportunity to secure a prominent presence in one of Lafayette's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $996,894

  6.5%

  $920,210

  7%

  $854,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,036

  Geo Method

  $404,036

• Alternative Use

  Use

  Valuation

  Residential

  $1,141,061

  Hospitality

  $1,045,205

  Educational

  $869,599

  Medical

  $899,506

  Retail

  $1,352,709

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4198

Longitude

-86.8951

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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