Mixed-Use Property with
For Sale
Contact for pricing
1815 21st Street, Columbus, IN 47201
The configuration combines customer-facing commercial space with garage and workshop areas for business operations.
Property Size6,400 SF
Price / SF$0.00
Days on Market106
Property Features for 1815 21st Street
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Mixed Use
Additional Details
Property Use
Office
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty · License #RB16000321
(317) 218-9625
Source:
Locksteprealty
Added: Jul 17
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This 6,400-square-foot mixed-use property brings together office space, potential retail area, and garage/workshop space. Its layout pairs areas for customer interaction with functional work and storage space.
The property sits on more than half an acre and includes large parking areas along the side and rear. Access is available from 21st Street, Central Ave, and major commercial corridors in Columbus, Indiana.
The property sits on more than half an acre and includes large parking areas along the side and rear. Access is available from 21st Street, Central Ave, and major commercial corridors in Columbus, Indiana.
Key Highlights
- 6,400‑square‑foot mixed‑use property
- Office, potential retail, and garage/workshop areas
- More than half an acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,229
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,580
$864.6K
Cap Rate 7%
$617,557
$617.6K
Cap Rate 9%
$480,322
$480.3K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$73.0K $11.40/SF
− Vacancy
−$15.3K −$2.39/SF
EGI
$57.6K $9.01/SF
− OpEx
−$14.4K −$2.25/SF
NOI
$43.2K $6.75/SF
Area
Bartholomew County, IN
Vacancy
21.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,580
Cap Rate 7%
$617,557
Cap Rate 9%
$480,322
Alternative Uses
Best Use
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 396,000.00%
Second Best
Office B
$617.6K
$540.4K – $720.5K
NOI $43,229 @ 7.0% cap · market cap 360,241.67%
Theoretical Best
Healthcare Medical
$1.24M
$1.08M – $1.44M
NOI $86,607 @ 7.0% cap · market cap 721,725.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
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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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The configuration combines customer-facing commercial space with garage and workshop areas for business operations.
Where is this mixed-use property located?
The property is located at 1815 21st Street Columbus, IN.
What are key features of this property?
This property features: 6,400‑square‑foot mixed‑use property; Office, potential retail, and garage/workshop areas; More than half an acre
