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3437 South St
Lafayette, IN 47905
Retail Property For Sale
Investment Highlights
- Heavy traffic
Executive Summary
The Marquis Group at Keller Williams Commercial is proud to present 3437 South St in Lafayette, IN. This prime investment opportunity sits on one of the busiest roads in the region surrounded by national tenants. Tippecanoe County is experiencing incredible growth, and this property is situated just down the road from CAT and their $725 M expansion. Tippecanoe County is home to Purdue University, and the $4 B SK Hynix semi conductor plant currently being built. This building was meticulously renovated into its current use in 2021, and is a premier location for body repair. The Triple net lease offers easy ownership. Total net income will increase to $264,384 in Oct 2026. The tenant is a large regional operator with about 15 locations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,013 SF
Building Class
C
Year Built/Renovated
1970/2021
Price
$4,500,000
Price Per SF
$281.02
Cap Rate
5.38%
NOI
$241,992
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.46 AC
Zoning
General Business - General Business
Frontage
156’ on South Street
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 79-07-27-201-007.000-004 | Improvements Assessment | $1,620,600 |
| Land Assessment | $0 | Total Assessment | $1,620,600 |
Property Taxes
Parcel Number
79-07-27-201-007.000-004
Land Assessment
$0
Improvements Assessment
$1,620,600
Total Assessment
$1,620,600
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