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    551 North Line St Columbia City, IN 46725

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    For Sale
    $1,625,000

    Retail property with long-term lease in a dense retail corridor.

    Property size:
    22,185 SF
    Lot size:
    4.06 Acres

    Property Features for 551 North Line St

    General Information

    Size
    22,185 SF
    Lot size
    4.06 Acres

    Source: Marcus & Millichap | Phoenix Agent Scott Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    ALDI Leased Investment Opportunity

    This retail property is located in a dense retail corridor and surrounded by national tenants including Walmart, Dollar Tree, Kroger, Starbucks, and McDonald's. The property offers an existing lease with ALDI with over 10 years remaining. The property offers fee simple depreciation. The building has a size of 22185 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.493217
    Latitude
    41.167984

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property with long-term lease in a dense retail corridor.
    Where is this grocery and convenience store located?
    The property is located at 551 North Line St Columbia City, IN.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: - 10+ Years Remaining on Lease with ALDI; - Extremely Low Price/SF at $73.25; - Extremely Low Rent/SF at Just $3.24/SF
    (602) 380-6726
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    551 North Line St Columbia City, IN 46725
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    Columbia City, IN 46725
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    551 North Line St Columbia City, IN 46725
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