Columbia City Office Space
For Sale
Contact for pricing
119 W Market St, Columbia City, IN
8,255 SF office space in the heart of Columbia City.
Property Size8,255 SF
Lot Size0.21 Acres
Price / SF$99.94
Days on Market315
Property Features for 119 W Market St
General Information
Standard status
Active
Size
8,255 SF
Lot size
0.21 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 119 W Market St
119 Market Street
AVAILABLE
Size
8,255 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Located in the heart of Columbia City, directly across from the court house, this well-maintained 8,255 square feet office space is available for sale. Plenty of parking spaces, including indoor lower level parking plus street parking. Located less than one mile to US Hwy 30. This listing is also for Sale. See broker for more details.
FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUT WEBSITE AT www.bndcommercial.com/listings
Contact us
Listing Agency:
BND Commercial, LLC
(260) 407-0900
Listed By:
Karl Behrens
(260) 410-3627
Source:
Moodyscre
Added: Nov 26, 2025
Changed: Sep 7
Last Checked: Oct 5 at 7:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BND Commercial, LLC
Investment Insights
Based on property information with market context.
Located in the heart of Columbia City, directly across from the court house, this well-maintained 8,255 square feet office space is available for rent. The property features parking spaces, including indoor lower level parking, plus street parking. It is located less than one mile to US Hwy 30. The property is also for sale.
Key Highlights
- Large office space with 8,255 square feet.
- Prime location in the heart of Columbia City, directly across from the court house.
- Ample parking includes indoor lower level parking plus street parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,406
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,120
$988.1K
Cap Rate 7%
$705,800
$705.8K
Cap Rate 9%
$548,956
$549.0K
Market Conditions
NOI Build-Up for 8,255 SF
Gross rent
$74.3K $9.00/SF
− Vacancy
−$3.7K −$0.45/SF
EGI
$70.6K $8.55/SF
− OpEx
−$21.2K −$2.56/SF
NOI
$49.4K $5.98/SF
Area
Whitley County, IN
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,120
Cap Rate 7%
$705,800
Cap Rate 9%
$548,956
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,088 @ 7.0% cap · market cap 11.04%
Second Best
Retail
$1.13M
$991.4K – $1.32M
NOI $79,310 @ 7.0% cap · market cap 9.61%
Theoretical Best
Multifamily LT 5
$6.90M
$6.03M – $8.05M
NOI $482,724 @ 7.0% cap · market cap 58.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 8,255 SF office space in the heart of Columbia City.
Where is this office building located?
The property is located at 119 W Market St Columbia City, IN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Large office space with 8,255 square feet.; Prime location in the heart of Columbia City, directly across from the court house.; Ample parking includes indoor lower level parking plus street parking.
