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Multi-Suite Retail and Residential
For Sale
Contact for pricing
Pending

1731-1739 Central Ave, Columbus, IN 47201

Two-building property with four fully rented rental suites, featuring two retail suites and two apartment suites.

Property Size3,740 SF
Days on Market121

Property Features for 1731-1739 Central Ave

General Information

Standard status Pending
Size 3,740 SF
Property subtype Retail
Occupancy 100%

Additional Details

Cap Rate 8.88%
Multifamily Units 2

Building Details

Tenancy Multi
Listing Agency: Breeden Commercial
Listed By: Tara James · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 12:46PM

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.

This for-sale property includes two separate buildings containing four rental suites in total. The front building comprises approximately 1,880 square feet and is configured with two retail suites. The back building comprises approximately 1,860 square feet and is configured with two apartment suites. All suites are fully rented.

The offering is described as 1731–1739 Central Avenue in Columbus, Indiana. The current asking price is stated to reflect an 8.88% cap rate.

Key Highlights

  • Two‑building rental property with four fully rented suites (1731–1739 Central Avenue, Columbus, IN).
  • Front building: approx. 1,880 SF with two retail suites.
  • Back building: approx. 1,860 SF with two apartment suites.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Electrical Service Building Supply Garden Center

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

453
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Two-building property with four fully rented rental suites, featuring two retail suites and two apartment suites.
Where is this retail space located?
The property is located at 1731-1739 Central Ave Columbus, IN.
What are key features of this property?
This property features: Two‑building rental property with four fully rented suites (1731–1739 Central Avenue, Columbus, IN).; Front building: approx. 1,880 SF with two retail suites.; Back building: approx. 1,860 SF with two apartment suites.
More about this property
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