Brick Storefront with Display
1604 HOME AVE, Columbus, IN 47201
For Sale
New
Contact for pricing
Vacant and ready for occupancy, the building retains kitchen equipment and some cabinetry alongside HVAC and split-system units.
Property Size1,500 SF
Price / SF$216.60
Days on Market4
Property Features for 1604 HOME AVE
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Corner Location
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Breeden Commercial
Listed By:
Wendy Scgalski · License IN RB21001483
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:17PM
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
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Investment Insights
Based on property information with market context.
This 1,500 SF storefront, built in 1900, includes a full 1,500 SF basement. Its red brick exterior features a tall parapet, a front canopy, a recessed glass entrance, and broad display windows above brick knee walls. The vacant property is zoned CN, Commercial Neighborhood. Kitchen fixtures, lighting, and some cabinetry remain in place.
Building systems include HVAC, two split units, a newer water heater, and a sump pump with a dehumidifier in the basement. The roof received a spray coating in February 2024, and the basement has been spray sealed. Street parking is available along Home Avenue and 16th Street.
Building systems include HVAC, two split units, a newer water heater, and a sump pump with a dehumidifier in the basement. The roof received a spray coating in February 2024, and the basement has been spray sealed. Street parking is available along Home Avenue and 16th Street.
Key Highlights
- 1,500 SF building with a full 1,500 SF basement
- Built in 1900; zoned CN, Commercial Neighborhood
- Red brick facade with recessed glass entry and display windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,585
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,700
$191.7K
Cap Rate 7%
$136,929
$136.9K
Cap Rate 9%
$106,500
$106.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$15.3K $10.20/SF
− Vacancy
−$1.6K −$1.07/SF
EGI
$13.7K $9.13/SF
− OpEx
−$4.1K −$2.74/SF
NOI
$9.6K $6.39/SF
Area
Bartholomew County, IN
Vacancy
10.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,700
Cap Rate 7%
$136,929
Cap Rate 9%
$106,500
Alternative Uses
Best Use
Retail
$136.9K
$119.8K – $159.8K
NOI $9,585 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$290.0K
$253.7K – $338.3K
NOI $20,299 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Turtle's Flowers — 911 Washington St, Columbus, IN 47201
- Flowers From the Woods — 1550 Central Ave, Columbus, IN 47201
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant and ready for occupancy, the building retains kitchen equipment and some cabinetry alongside HVAC and split-system units.
Where is this storefront property located?
The property is located at 1604 HOME AVE Columbus, IN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,500 SF building with a full 1,500 SF basement; Built in 1900; zoned CN, Commercial Neighborhood; Red brick facade with recessed glass entry and display windows
