Mixed-Use Property 816 Main St Local commercial 688 m² 50 % Loué À vendre Lafayette, IN 47901

Positioned in the heart of Downtown Lafayette, 814–816 Main Street presents a rare chance to acquire a mixed-use property with immediate repositioning potential. Situated along highly visible Main Street, this three-story asset combines a vacant ground-floor retail suite with two fully leased residential condominiums that are expected to roll within six months of sale, creating a compelling value-add opportunity for investors.
Adding to its appeal, the property includes a 19-space surface parking lot located directly behind the building—a highly unique and valuable amenity in the downtown core that enhances accessibility and tenant desirability.
The storefront retail space offers prime display frontage, strong pedestrian exposure, and is walkable to restaurants, boutiques, and Purdue University, making it ideal for a future tenant or creative reconfiguration. The upper-level condos feature modern layouts and abundant natural light, well-suited for conversion to luxury rentals, executive housing, or short-term rental platforms.
This offering is uniquely positioned for investors seeking to capitalize on downtown Lafayette’s continued growth. With built-in cash flow today and the flexibility to reposition tomorrow, 814–816 Main Street offers the perfect balance of income, upside, and long-term appreciation in one of Indiana’s most dynamic urban corridors.