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110 S 16th Street

Lafayette, IN 47905
  • $349,900
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 202540081
UPDATED: 46 min ago
$349,900
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,298
    SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Listing provided by Jessica Collaco of Keller Williams Lafayette: Agt: 818-648-7130.

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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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2025-12-10T21:28:10.99.

www.housesinfortwayne.com/homes/168500167
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110 S 16th Street Lafayette, IN 47905

  • Price: $349,900
  • Status: Active
  • On Site: 67 Days
  • Updated: 46 min ago
  • MLS #: 202540081
0
Beds
0
Baths
0
½ Baths
0.02
Acres
4,298
SQFT
$81
$/SQFT
1960
Built
Neighborhood:
None
County:
Tippecanoe
Area:
Tippecanoe
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.
Exterior Features

Construction Type1 site built Driveway Concrete Exterior VinylWood Fence None Fire Doors YN Yes Location City Lot Dimensions 50 x 132 Parcel Description Corner0-2.9999 Parking PavedPublic Parking Type garage Parking YN Yes Road Access City Roof Material RubberShingle Sea Wall Type None Security Light YN No Sign Type Attached Building Signs Signs YN Yes Water Features None Waterfront YN No

Interior Features

Basement Foundation Partial Basement Basement YN Yes Bldg1 Above Grd Sq Ft 2640 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 1360 Bldg2 Above Grd Sq Ft 1658 Ceiling Height 10 Column Spacing n/a Cooling Central AirWall AC Flooring ConcreteWood Heating Fuel GasForced Air Interior Height 10 Interior Walls DrywallOther Internal Rooms OfficeShowroomStorageWarehouseWorkroom Special Features Living SpaceOverhead Door 1BasementDelivery DoorOffice SpaceReception AreaVentilating/Exhaust Fans Total Restrooms 3

Property Features

Annual Taxes 7122.85 Auction YN No Buildings 2 Burglar Alarm YN No Business Name Tyrie Mower Repair Currently Leased YN No Documents Available Aerial PhotoFloor PlanIncome/ExpensesLBP FormLegal DescriptionPrevious Inc. Tax ReturnSellers DisclosureUtility Bill Information Easements None Enterprise Zone No Equipment YN Yes Exemptions No Exemptions Fire Protection City For Sale Or Rent For Sale Ingress Egress Combo Lease Term Remaining n/a New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Business ServiceGarageOffice/ShowroomService StationOther Property Sub Type Mixed Use Property Use Bus. Included w/PropertyInvestment PropertyVacant-Best for Owner/Usr Proposed Financing CashOther Public Utilities Mun. Sewer to SiteMun. Water to Site Reo YN No Restrictions NoneOther See Remarks Sale Includes BuildingBusinessFurnitureOtherInventory Sewer City Smoke Fire Alarm YN Yes Special Assessments None Sprinkler System YN Yes Tax Abatement No Township Fairfield Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 24 pay 25 Years Established 48

Listing provided by Jessica Collaco of Keller Williams Lafayette: Agt: 818-648-7130.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2025-12-10T21:28:10.99.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Jessica Collaco of Keller Williams Lafayette: Agt: 818-648-7130.