400 N Earl Ave - Freestanding FOR SALE


Lafayette, IN 47904
$1,826,216 USD
630-570-2238
400 N Earl Ave, Lafayette, IN for Sale
$1,826,216 USD
Freestanding - FOR SALE
1/10
null | 8.12% Cap Rate

400 N Earl Ave
Lafayette, IN 47904


HIGHLIGHTS

  • New leasing momentum | Two tenants recently renewed leases and two additional tenants signed new leases in 2024 and 2025
  • Six out of eight tenants feature annual rental increases | One additional tenant to begin rental increases at their option (Sandy’s Beauty Supply)
  • 82% occupied neighborhood center with add-value opportunities
  • Located just off the prime retail corridor of Lafayette
  • Ample amount of new construction in the area, including a Raising Cane’s, Wawa, and Dutch Bro’s Coffee
  • 1.8 miles from Lafayette Pavilions, which ranks in the top 5% of shopping centers nationwide by visits and attracts 5.1 million annual visitors

OVERVIEW

Earl Plaza offers attractive lease terms, with all tenants on net leases, recent renewals featuring strong annual rent increases, and new leasing momentum from four tenants who signed in 2024–2025. Currently 82% occupied, the property presents meaningful add-value potential through a 3,200 SF freestanding vacancy. Below-market rents, combined with several tenants lacking renewal options, create an opportunity to increase rents significantly in the near term. The center is positioned just off Lafayette’s prime retail corridors—Sagamore Pkwy N (23,797 VPD) and South St (25,601 VPD)—and is surrounded by new retail developments and major national tenants. Nearby, Lafayette Pavilions ranks in the top 5% of shopping centers nationwide by visits and attracts 5.1 million annual visitors. The trade area is both dense and expanding, with nearly 74,000 residents and more than 107,000 workers within three miles, and continued population growth projected.

FOR SALE DETAILS

PRICE

$1,826,216 USD

PRICE/SF

$105 USD /SF

CAP RATE

8.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Earl Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

79-07-22-376-004.000-004

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.