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Shadow-Anchored Multi-Tenant Shopping Center
For Sale
Contact for pricing
Pending

496 W Plaza Dr, Columbia City, IN 46725

Well-maintained multi-tenant retail center with a Walmart shadow anchor and 95.83% occupancy.

Property SizeContact for details
Days on Market144

Property Features for 496 W Plaza Dr

General Information

Standard status Pending
Property subtype Retail
Occupancy 96%

Building Details

Tenancy Multi
Listing Agency: NAI Wisinski of West Michigan - Grand Rapids
Listed By: Stanley Wisinski · License #MI 6502100201
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 29 at 10:22PM

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 NAI Wisinski of West Michigan - Grand Rapids

Investment Insights

Based on property information with market context.

This well-maintained multi-tenant shopping center is shadow-anchored by Walmart and is currently 95.83% occupied. Tenant roster includes Dunham's Sports, Label Shopper, Wings Etc., and KRE Fitness, with a freestanding Dollar Tree on the property.

Located at 496 W Plaza Dr in Columbia City, Indiana, the center benefits from a surrounding mix of retail uses. The tenant lineup provides a diversified retail tenant base within the existing center configuration.

For sale as a shopping center, this asset offers investors the opportunity to acquire a stabilized, actively occupied retail property.

Key Highlights

  • Well‑maintained multi‑tenant retail center in Indiana with a Walmart shadow anchor
  • Currently 95.83% occupied
  • Tenant roster includes Dunham's Sports, Label Shopper, Wings Etc., and KRE Fitness

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

95.8%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

420
Businesses Nearby
189k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 34% Superstores 32% Shops & Services 16% Apparel 7%
Walmart Superstores
61,322 visits/mo 0.3 miles
Culver's Dining
16,382 visits/mo 0.5 miles
Marathon Shops & Services
15,080 visits/mo 0.0 miles
Dollar Tree Shops & Services
13,375 visits/mo 0.1 miles
Taco Bell Dining
13,159 visits/mo 0.4 miles

Demographics for 46725, IN

23,917
Population
10,435
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
202.8 sq mi
ZIP Area
118
Density / Sq Mi
$76,214
Median Household Income
$47,059
Median Earnings
$907
Median Rent
$216,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Columbia Commons 561 W Connexion Way, Columbia City, IN 46725
  • Towne & Country Plaza 426 W Plaza Dr, Columbia City, IN 46725

Frequently Asked Questions

What type of property is this?
Shopping center - Well-maintained multi-tenant retail center with a Walmart shadow anchor and 95.83% occupancy.
Where is this shopping center located?
The property is located at 496 W Plaza Dr Columbia City, IN.
What are key features of this property?
This property features: Well‑maintained multi‑tenant retail center in Indiana with a Walmart shadow anchor; Currently 95.83% occupied; Tenant roster includes Dunham's Sports, Label Shopper, Wings Etc., and KRE Fitness
More about this property
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