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208 S 4th St 6,912 SF 100% Leased Retail Building Lafayette, IN 47901 $320,000 ($46.30/SF)
INVESTMENT HIGHLIGHTS
- High Visibility
- Across the street from luxury townhomes
- Opportunity Zone
- Next door to a new luxury apartment community
EXECUTIVE SUMMARY
Multi-family, Land or Special Purposed (Mixed Use) Property. Jim Pitoukkas and Dustin Zufall of Shook Commercial Real Estate proudly present this tremendous redevelopment opportunity in thriving Downtown Lafayette. The site offers the opportunity to redevelop a former retail building in an area surrounded by successful redevelopment projects including Nova Tower and the 4th Street Townhomes. Furthermore, the city has converted South 4th Street from one way, in front of the subject property, to a two-way. This should greatly improve traffic flow and visibility. Re-use the existing shell, or raise and build ground-up. Your options are limitless!
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$2,935
|
$0.42
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,935
|
$0.42
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Taxes | |
|---|---|
| Annual | $2,935 |
| Annual Per SF | $0.42 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,935 |
| Annual Per SF | $0.42 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
6,912 SF
Building Class
C
Year Built/Renovated
1950/2016
Price
$320,000
Price Per SF
$46.30
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.84
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
CB - Central Business offers flexible zoning. Allowing both commercial and residential development.
Frontage
60’ on 4th
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 79-07-29-203-007.000-004 | Total Assessment | $190,300 (2024) |
| Land Assessment | $98,800 (2024) | Annual Taxes | $2,935 ($0.42/SF) |
| Improvements Assessment | $91,500 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
79-07-29-203-007.000-004
Land Assessment
$98,800 (2024)
Improvements Assessment
$91,500 (2024)
Total Assessment
$190,300 (2024)
Annual Taxes
$2,935 ($0.42/SF)
Tax Year
2022
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208 S 4th St
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