501 Earl AveLafayette, IN 47904

For Sale
$880,000

7,200 SF Vacant Auto Facility, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 7,200-square-foot vacant auto facility situated on a 0.73-acre lot at 501 North Earl Avenue in Lafayette, Indiana. Built in 1988, this former MAACO location boasts five service bays and a fenced-in lot, ideal for a variety of automotive uses, including body shops or repair centers. The property is offered at $880,000, representing a price per square foot of $122.22. Its prime location on North Earl Avenue, experiencing approximately 7,500 vehicles per day, and its adjacency to a McDonald's with over 28,000 vehicles per day, ensures high visibility and accessibility. The property benefits from a strong demographic profile, with a 5-minute drive time encompassing a population of 19,292 residents and an average household income of $74,040. Expanding the radius to 10 minutes includes 75,538 residents with an average household income of $71,415, and a 15-minute radius encompasses 149,192 residents with an average household income of $85,532. This single-tenant, net lease property presents a secure investment opportunity with significant potential for future growth and profitability in a thriving market. The property is 100% vacant and ready for immediate occupancy. The zip code is 47904.

Highlights

  • 7,200 SF vacant five-bay automotive facility.
  • High-traffic location on North Earl Avenue (7,500 VPD), adjacent to a high-volume McDonald's (28,000+ VPD) on Sagamore Pkwy N.
  • Suitable for body shop or automotive repair/service center; features a fenced lot.
  • 5-minute drive: 19,292 residents, $74,040 average household income.
  • 10-minute drive: 75,538 residents, $71,415 average household income.
  • 15-minute drive: 149,192 residents, $85,532 average household income.

Property Details for 501 Earl Ave

Property type
Other retail properties, Individual retail properties
Square Feet
7,200 SF
Year Built
1988
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Lafayette
County
Tippecanoe
State
Indiana
Latitude
40.4218384
Longitude
-86.860059
501 Earl Ave, Lafayette, Indiana

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501 Earl Ave
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