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Investment Highlights

  • Lafayette’s central business district
  • Class A office building below replacement cost
  • Surrounded with new developments
  • Structured parking owned by the City is attached to the building and available for rent

Executive Summary

Dustin Zufall and Jim Pitoukkas of Coldwell Banker Commercial Shook are proud to present the opportunity to purchase a condo interest, or lease, space within the prestigious class A office building, Columbia Center. Columbia Center is located along well-travelled Columbia Street, a western bound corridor leading to West Lafayette and the heart of Purdue University. The building is situated within a block of the Tippecanoe County Courthouse. Tenants benefit from its convenient location, great street prominence, and vibrant downtown business and residential communities. The building is served by an attached parking garage and ample street parking. Also, excellent signage opportunities await the next tenants and/or owners. There is available office space to lease on the first and third floors. Furthermore, a condo interest of the first and third floors is available for sale. The subject property is located in Lafayette’s central business district and just a mile from Pudue University. Lafayette’s Central Business District is booming with new development, many new and established retail and professional services businesses, and a growing number of year-round residents.

Property Facts

Total Building Size 45,496 SF
Property Type Office (Condo)
Building Class A
Floors 3
Typical Floor Size 15,165 SF
Year Built 1999
Lot Size 0.48 AC
Opportunity Zone Yes
Zoning PD - Planned Development

Amenities

  • Air Conditioning

1 Unit Available

Unit 3200

Unit Size 14,482 SF
Price $2,763,554 CAD
Price Per SF $190.83 CAD
Condo Use Office
Sale Type Investment or Owner User
Description

The west side condo on the third floor, Unit 3A, is currently leased to two tenants. The east side condo on the third floor, Unit 3B, is unoccupied. This is a great opportunity for a buyer to occupy or lease Unit 3B while collecting rent from the existing tenants in Unit 3A.

Sale Notes

Both third floor condos, which consist of approximately 14,595 square feet, are being offered for sale together for $1,995,000.

Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
  • Listing ID: 31094770

  • Date on Market: 2024-03-01

  • Last Updated:

  • Address: 415 Columbia St, Lafayette, IN 47901

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