West Lafayette, IN
Commercial Real Estate Market Trends & Data

$172 Avg asking sale price
$22 Avg asking lease rate
7,698 SF Avg unit lease size
20,698 SF Avg building size for sale

West Lafayette's Demographic Profile

West Lafayette has 15,301 households and a median income of $29,597, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 42,206
# Households 15,301
Median age 26
Median household income $29,597
Avg household size 2.0
Renter-occupied housing units 10,768
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Lafayette, IN

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Nearby Retail Markets Avg Cost/SF Typical Size
West Lafayette $144 6,030 SF
Lafayette $296 67,341 SF
Battle Ground $182 2,415 SF
Oxford $62 4,040 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Kokomo $277 49,541 SF 13.80%
Danville $62 2,850 SF 19.16%
Indianapolis $194 23,957 SF 11.70%

Commercial Properties For Sale in West Lafayette

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Benchmark II

West Lafayette, IN 47906

  • 36,354 SF Multifamily
  • $13,950,000
For Sale

1670 US 52 Hwy W

West Lafayette, IN 47906

  • 3.52 AC Lot
  • 1 Commercial Lot
  • $950,000
For Sale

Benchmark lll Apartments

West Lafayette, IN 47906

  • 20,722 SF Multifamily
  • $4,195,000
For Sale

1304 W 600 N

West Lafayette, IN 47906

  • 75.50 AC Lot
  • 1 Residential Income Lot
  • $3,435,250
For Sale

Premier Purdue Uni. Rare Redevelopment Corner

West Lafayette, IN 47906

  • 0.09 AC Lot
  • 1 Commercial Lot
  • $2,400,000
For Sale

Columbia Center

Lafayette, IN 47901

  • 45,496 SF Office Building
  • $1,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether West Lafayette pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
West Lafayette $172 20,698 SF
Lafayette $387 44,745 SF
Brookston $116 9,133 SF
Battle Ground $256 2,415 SF

Regional Demographic Comparison

This comparison places West Lafayette alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in West Lafayette or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
West Lafayette 42,206 15,301 26 $29,597 2 10,768 3%
Lafayette 72,137 31,504 34 $48,070 2 16,945 3%
Shadeland 1,845 715 44 $72,075 3 159 5%
Brookston 1,500 617 39 $59,416 2 145 -4%
Battle Ground 1,714 643 39 $95,833 3 90 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in West Lafayette, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in West Lafayette

View All Commercial Real Estate For Sale in West Lafayette
Is West Lafayette a good market for a first-time commercial real estate investor?

West Lafayette offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in West Lafayette?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West Lafayette. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in West Lafayette?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for West Lafayette. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does West Lafayette compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West Lafayette. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for West Lafayette acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West Lafayette, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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