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Executive Summary

This is a rare opportunity to own a single tenant building on a busy road with a great zoning. This location has lots of traffic, and is zoned general business which allows many different commercial uses. The building has a glass storefront, 2 back rooms or workshops, and a large room with high ceilings. It was previously an HVAC shop, and could serve any of those service industries nicely. It is located near major roads for convenience to many parts of the region. Property can also be leased for $11/sq ft per yr NNN.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,304 SF
Building Class
C
Year Built
1978
Price
$289,000
Price Per SF
$125.43
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.21 AC
Zoning
GB - General Business broad business zoning
Frontage
55’ on W Teal Rd

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,304 SF
  • Retail
  • In-Line
  • Now

This is a nice single tenant building on Teal Rd. It has lots of traffic, and easy parking. The front is glass which floods the retail space with light. The back has high ceilings, and would work great for a work space. This building has been an HVAC contractor recently, and would serve any of the service industries well. The zoning is GB which makes the property very flexible with many different uses available.

Space Size Space Use Position Available
1st Floor 2,304 SF Retail In-Line Now

1st Floor

Size
2,304 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 2,304 SF
Space Use Retail
Position In-Line
Available Now

This is a nice single tenant building on Teal Rd. It has lots of traffic, and easy parking. The front is glass which floods the retail space with light. The back has high ceilings, and would work great for a work space. This building has been an HVAC contractor recently, and would serve any of the service industries well. The zoning is GB which makes the property very flexible with many different uses available.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

First Merchants Bank
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
79-07-31-479-001.000-005
Land Assessment
$0
Improvements Assessment
$87,400
Total Assessment
$87,400
  • Listing ID: 41774565

  • Date on Market: 8/17/2026

  • Last Updated:

  • Address: 145 Teal Rd W, Lafayette, IN 47909

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