1425 Unity PlLafayette, IN 47905

Property Details for 1425 Unity Pl

Year built

2001

Construction

TYPE NOT SPECIFIED

Property size (Sq ft)

8,718 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

79-07-35-081-031.317-004

APU

790735081031317004

Description

This exceptional 9,476 square foot medical office building is ideally situated in Lafayette, Indiana, at 1425 Unity Place, 47905. The property boasts a prime location, offering unparalleled convenience and accessibility for patients and staff. Its multiple tenancy structure presents a unique opportunity for various medical practices or healthcare-related businesses. Currently, 9,476 square feet of space is available for lease. The building enjoys excellent visibility and is strategically positioned adjacent to Franciscan Health Lafayette East Hospital, approximately one mile from Lafayette Regional Rehabilitation Hospital, and less than 2.5 miles from IU Health Arnett Hospital. This proximity to major healthcare facilities ensures a high volume of potential patients and creates a synergistic environment for medical professionals. Furthermore, the property benefits from convenient access to major transportation arteries, including I-65 and US 52, enhancing accessibility for both patients and employees. Ample parking is available, including a covered patient drop-off/pick-up area, ensuring a comfortable and convenient experience for all visitors. Located in Tippecanoe County, this medical office building represents a rare opportunity to establish or expand a medical practice in a thriving healthcare hub. The property is classified as an office building with a medical office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $2,801,717

  6.5%

  $2,586,200

  7%

  $2,401,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,135,520

  Geo Method

  $1,135,520

• Alternative Use

  Use

  Valuation

  Residential

  $3,206,888

  Hospitality

  $2,937,492

  Educational

  $2,443,959

  Medical

  $2,528,010

  Retail

  $3,801,714

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.3963

Longitude

-86.8379

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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