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210-240 Professional Ct 9,599 SF 100% Leased Office Building Lafayette, IN 47905 $775,000 ($80.74/SF)
Investment Highlights
- Easy parking
- Located near state Rd 38 and I 65
Executive Summary
This is a really nice all brick 1 story building zoned GB just off of State Road 38 on Lafayette's E side. The building offers 4 suites. Each is currently leased, but the leases are very low offering a major up side to getting the rents up to market value.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,800
|
$5.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,800
|
$5.39
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $5.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $5.39 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,599 SF
Building Class
C
Year Built
1987
Price
$775,000
Price Per SF
$80.74
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,599 SF
Building FAR
0.25
Lot Size
0.88 AC
Zoning
GB
Parking
31 Spaces (3.23 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Controlled Access
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Elite Property Management & Realty
- Real Estate
- -
- -
- -
- -
- Silky Sources School (Ryan P. Burns - Owner)
- Educational Services
- 4,750 SF
- $5.55
- Modified Gross
- Jan 2029
- Wauntesha Hardy (Owner of Lightstone Education Cen
- Educational Services
- 2,375 SF
- $5.55
- Modified Gross
- Apr 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Elite Property Management & Realty | Real Estate | - | - | - | - | |
| Silky Sources School (Ryan P. Burns - Owner) | Educational Services | 4,750 SF | $5.55 | Modified Gross | Jan 2029 | |
| Wauntesha Hardy (Owner of Lightstone Education Cen | Educational Services | 2,375 SF | $5.55 | Modified Gross | Apr 2027 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 79-07-34-426-002.000-004 | Improvements Assessment | $633,800 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $633,800 (2024) |
Property Taxes
Parcel Number
79-07-34-426-002.000-004
Land Assessment
$0 (2024)
Improvements Assessment
$633,800 (2024)
Total Assessment
$633,800 (2024)
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210-240 Professional Ct
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