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Downtown Office Building with Two Suites
For Sale
Contact for pricing
Pending

321 Washington Street, Columbus, IN 47201

Two adjacent office buildings offer independent utilities, HVAC, restrooms, and front and rear access.

Property SizeContact for details
Days on Market121

Property Features for 321 Washington Street

General Information

Standard status Pending
Property subtype Office
Listing Agency: Breeden Commercial
Listed By: Tara James · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 11:46AM

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 Breeden Commercial

Investment Insights

Based on property information with market context.

Now available for sale is an iconic downtown office property comprising two adjacent buildings that have been combined for the offering. The two buildings have independent meters, HVAC systems, restrooms, and both front and rear access, allowing the buildings to be separated if desired.

321 Washington Street is visibly identified as the Sharpnack, Bigley, Stroh, Washburn (SBSW) law practice. Built in 1964, it offers approximately 5,250 square feet of office buildout on the main level, plus approximately 2,000 square feet of storage space on the second level that is not currently finished. 325 Washington is the adjacent White building to the north of 321 Washington, built in 1907, with approximately 2,700 square feet of office buildout on the main level and approximately 2,700 square feet of second-level storage space that has potential to be finished.

Both buildings are described as in very good, well-maintained condition, with newer HVAC units and a newer roof. The layout for both properties is traditional office, with many private offices and large conference rooms.

Key Highlights

  • Two adjacent downtown Columbus office buildings at 321 & 325 Washington Street, combined as one offering
  • Both buildings have independent meters, HVAC, restrooms, and front and rear access—can be separated
  • 321 Washington Street: built in 1964, 5,250 SF office build‑out on main level plus ~2,000 SF second‑level storage (not finished)

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Butcher

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

Location Intelligence

Trade Area within ½ mile

1,046
Businesses Nearby

Demographics for 47201, IN

45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two adjacent office buildings offer independent utilities, HVAC, restrooms, and front and rear access.
Where is this office building located?
The property is located at 321 Washington Street Columbus, IN.
What are key features of this property?
This property features: Two adjacent downtown Columbus office buildings at 321 & 325 Washington Street, combined as one offering; Both buildings have independent meters, HVAC, restrooms, and front and rear access—can be separated; 321 Washington Street: built in 1964, 5,250 SF office build‑out on main level plus ~2,000 SF second‑level storage (not finished)
More about this property
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