110 S 16th Street Active Save Request In-Person Tour Request Virtual Tour
Lafayette,IN 47905
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202540081
Year Built 1960
Annual Tax Amount $7,122
Lot Size 653 Sqft
Property Sub-Type Mixed Use
Property Description
Live, work, and invest-all in the same property! The possibilities are endless with this rare opportunity to own a well-established lawn mower repair shop along with 2 rental units. Use your business savvy to bring out the full potential in this property. Unit 1 is a 1 bedroom efficiency,that has rented for $600 monthly. Unit 2 is a 3 bedroom, 1 bathroom space with washer/dryer hookups that has rented for $1500. With some renovations, those rents could increase. Seller is willing to train new owner to run the mower shop or it can be cleared out so you can reimagine a new possibility. Tenants can walk Downtown or catch a quick bus to Purdue. Acquire this property individually, or package it with the adjacent duplex at 1602 Grove--don't miss your chance to shape a corner of this developing area and maximize your investment potential.
Location
State IN
County Tippecanoe County
Area Tippecanoe County
Interior
Flooring Concrete,Wood
Exterior
Fence None
Roof Type Rubber,Shingle
Building
Story 2
New Construction No
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202540081