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2306 IFCU way 9,900 SF Retail Building Lafayette, IN 47909 $3,600,000 ($363.64/SF)
INVESTMENT HIGHLIGHTS
- Turnkey automotive business opportunity
- Proven location with great visibility
- Sales building features a flexible layout that can suit a variety of users
EXECUTIVE SUMMARY
Dustin Zufall and Jim Pitoukkas are proud to present this exceptional opportunity to purchase the real estate occupied by one of the region’s most successful independent used car dealerships. The dealership has offered the community quality late model vehicles and service for over two decades. The offering presents a buyer the opportunity to either operate a similar business, redevelop, or lease the real estate to a new operator. The sales office building features a well-appointed lobby and administrative area, eleven generously sized private offices, a kitchenette, two restrooms, ample parking, and a covered outdoor break area. The five bay automotive shop building features three large offices, two restrooms, a detail shop with two overhead doors and storage mezzanine area, a three-bay mechanic shop with one pass-thru door, and one wash bay complete with reverse osmosis system. Equipment including a tire machine, air compressors, and lifts available separately. All bays are plumbed for oil and feature central air compressors.
Three buildings on approximately 5 acres. The sales office, approximately 2,800 square feet, lies on approximately 1.04 acres. The 5 bay auto service building, approximately 7,100 square feet, lies on 0.79 acres. The balance of the land consists of paved car lots lying north of IFCU Way. IFCU Way is a private drive with public access easements in place, and shall be conveyed with the sale.
Sale Price:
$3,600,000 (properties available separately)
Frontage lots and buildings: $2,600,000
Paved lots north of IFCU Way: $1,000,000
The subject property is located on the south side of Lafayette, IN, an area exploding with growth. Major employers in the vicinity include GE Aerospace, Wabash, CAT, Nanshan, Subaru, and many others. The property lies along well-travelled Veterans Memorial Parkway South, with over 16,000 vehicles per day passing by. Prominent retailers within one mile of the subject property include Walmart, Starbucks, Dominos, Chipotle, Arby’s, Autozone, and many more.
Three buildings on approximately 5 acres. The sales office, approximately 2,800 square feet, lies on approximately 1.04 acres. The 5 bay auto service building, approximately 7,100 square feet, lies on 0.79 acres. The balance of the land consists of paved car lots lying north of IFCU Way. IFCU Way is a private drive with public access easements in place, and shall be conveyed with the sale.
Sale Price:
$3,600,000 (properties available separately)
Frontage lots and buildings: $2,600,000
Paved lots north of IFCU Way: $1,000,000
The subject property is located on the south side of Lafayette, IN, an area exploding with growth. Major employers in the vicinity include GE Aerospace, Wabash, CAT, Nanshan, Subaru, and many others. The property lies along well-travelled Veterans Memorial Parkway South, with over 16,000 vehicles per day passing by. Prominent retailers within one mile of the subject property include Walmart, Starbucks, Dominos, Chipotle, Arby’s, Autozone, and many more.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
9,900 SF
Building Class
C
Year Built/Renovated
2012/2016
Price
$3,600,000
Price Per SF
$363.64
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.00 AC
Parking
65 Spaces (6.57 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79-11-09-277-006.000-032 | Improvements Assessment | $424,000 (2024) |
| Land Assessment | $266,200 (2024) | Total Assessment | $690,200 (2024) |
PROPERTY TAXES
Parcel Number
79-11-09-277-006.000-032
Land Assessment
$266,200 (2024)
Improvements Assessment
$424,000 (2024)
Total Assessment
$690,200 (2024)
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2306 IFCU way
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