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110 S 16th St
Sold

110 S 16th St

110 South 16th Street, Lafayette, IN 47905

$245,000
$245,000

110 S 16th St

3 Baths 0.015 Acres

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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.

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Location

110 South 16th Street, Lafayette, IN 47905

Status

Sold

Date Sold

January 14, 2026

Features & Amenities

Interior

  • Total bathrooms3
  • Flooring Concrete
  • APPLIANCES Water Heater

Area & Lot

  • Status Sold
  • Date Sold January 14, 2026
  • Lot Area0.015 Acres
  • MLS® ID202540081
  • TypeCommercial
  • YEAR BUILT1960
  • NeighborhoodLafayette

Exterior

  • STORIES2
  • water SourcePublic Water
  • roofShingle, Rubber
  • lot featuresCorner Lot
  • parkingPaved
  • HEAT TYPEGas Heat, Forced Air
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • security FeaturesSmoke Detector(s)
  • other exterior FeaturesVinyl Siding, Wood Siding

Financial

  • Sales Price$245,000

Lafayette

The median household income in Lafayette, Indiana is $47,396.

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The right brokerage does more than facilitate a transaction. It anticipates, advocates, and delivers at every stage of the process. That is the standard we hold ourselves to at Raeco, and it is the experience every client who works with us can expect.
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Contact Details

Raeco Realty

Phone

(765) 838-2785

Email

[email protected]

Address

80 Saw Mill Rd Lafayette, IN 47905

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