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33241981
33241980

Park East Boulevard & State Road 38 E, Lafayette, IN 47905

Shook Commercial Real Estate
Listed by Shook Commercial Real Estate
Unpriced
4 days on market
Updated 4 days ago

Park East Blvd & State Road 38 E

Details
Property Type Land
Sub Type Commercial
Price Per Acre $110,000
Acreage 58.400
Zoning General Business
Investment Type Redevelopment

Land | 58.4 acres

Marketing description

The subject property is located at the new signalized intersection of Park East Boulevard and State Road 38 E in Lafayette, Indiana. The tract is zoned General Business and encompasses approx 58.4 acres on the east side of the intersection. A commercial development is proposed to the west, and a 200+ unit senior housing community is under construction to the south. The site offers excellent visibility, with almost 2,400 linear feet of State Road 38 frontage. The tract benefits from the opportunity to hold stormwater off-site in the regional F-lake detention facility at the price of $15,000 per acre foot of storage. The seller will consider separating the land into smaller tracts on a case by case basis, and reserves the right to re-price based on the size of the parcel to be sold.

The subject property is located along SR38E in Lafayette, IN. The land is located in the center of several economic drivers including but not limited to Toyota Tsusho, Subaru, Wabash, Arconic, Caterpillar, Ivy Tech College, two regional medical campuses, the newer YMCA community center, and Tippecanoe Mall. The Greater Lafayette community is nationally recognized for affordable cost of living, career advancement opportunities, and quality of life. The site offers direct access to SR38 and is one turn (approximately 1 mile) from Interstate 65 exit 168. It lies 57 miles from downtown Indianapolis, 44 miles to Kokomo, 61 miles to Indianapolis International Airport, and 127 miles to Chicago. It further benefits from a dynamic labor pool and thriving advanced manufacturing local ecosystem.

Investment highlights

  • Utilities at or near the subject property
  • Recent road improvements and a new signalized intersection
  • SR38 frontage
  • One turn from Interstate 65
  • True manufacturing hub with several world class employers

Listing Contacts

Shook Commercial Real Estate
Listed by Shook Commercial Real Estate

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