Flex Space with Overhead
New
For Sale
$775,000
258 Frontage Road, Columbia City, IN 46725
COMMERCIAL, Columbia City, IN
Property Size7,080 SF
Lot Size0.74 Acres
Price / SF$109.46
Days on Market2
Property Features for 258 Frontage Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From US-30 W, turn right (north) onto N. Main St. Continue north, then turn right onto Frontage Rd. Continue on Frontage Rd. and turn right into 258 Frontage Rd. The property will be on your right.
Subdivision
Whitley County
Standard status
Active
APN
92-06-02-000-401.000-004
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
4787
Tax Description
2A S16A S 50A W2 NW4 S2 T31 R9 .74A
Tax Annual Amount
10949
Legal Description
2A S16A S 50A W2 NW4 S2 T31 R9 .74A
Utilities
Cooling system
Central Air
Amenities
multiple overhead doors
dedicated office and customer areas
reception/waiting area
break room
restrooms
oil-water separator
building-mounted box sign
LED lighting
new flooring
freshly sealed and striped parking lot
Building Details
Year built
2003
Flooring type
Concrete, Vinyl, Carpet
Roof type
Metal
Listing Agency:
Hoosier Real Estate Group
(260) 356-5505
Listed By:
Jacquelyn Robinson
(979) 571-2072
Added: Oct 12
Last Checked: Oct 13 at 6:06AM
MLS# 202642300
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2003, this 7,080-square-foot flex property occupies 0.74 acres and combines a steel-frame structure with an open shop area, storage, and multiple overhead doors. Dedicated offices and a reception and waiting area are joined by a break room and restrooms. The shop is heated; the office and reception areas have heating and central air conditioning. An oil-water separator serves the facility. Recent work includes LED lighting, exterior paint, refreshed interior finishes in the waiting area and bathrooms, and a sealed, striped paved lot. A fence and building-mounted box sign are also in place. The vehicle lift, air compressor, and air reels are not included in the sale.
The property is on Frontage Road with access to US 30, connecting Columbia City with Fort Wayne, Warsaw, and other Northeast Indiana communities. The paved site accommodates customer parking and vehicle circulation.
The property is on Frontage Road with access to US 30, connecting Columbia City with Fort Wayne, Warsaw, and other Northeast Indiana communities. The paved site accommodates customer parking and vehicle circulation.
Key Highlights
- 7,080‑square‑foot steel‑frame building on 0.74 acres
- Multiple overhead doors and an open shop/work area
- Heated shop; offices and reception area have heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,021
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,420
$1.4M
Cap Rate 7%
$971,729
$971.7K
Cap Rate 9%
$755,789
$755.8K
Market Conditions
NOI Build-Up for 7,080 SF
Gross rent
$106.2K $15.00/SF
− Vacancy
−$9.0K −$1.28/SF
EGI
$97.2K $13.73/SF
− OpEx
−$29.2K −$4.12/SF
NOI
$68.0K $9.61/SF
Area
Whitley County, IN
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,420
Cap Rate 7%
$971,729
Cap Rate 9%
$755,789
Alternative Uses
Best Use
Retail
$971.7K
$850.3K – $1.13M
NOI $68,021 @ 7.0% cap · market cap 8.78%
Second Best
Flex RnD
$741.6K
$648.9K – $865.2K
NOI $51,911 @ 7.0% cap · market cap 6.70%
Theoretical Best
Multifamily LT 5
$5.91M
$5.18M – $6.90M
NOI $414,014 @ 7.0% cap · market cap 53.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- K & J Foods and Events — 362 N Oak St, Columbia City, IN 46725
Frequently Asked Questions
What type of property is this?
Flex space - The heated work area is complemented by climate-controlled offices and a reception space.
Where is this flex space located?
The property is located at 258 Frontage Road Columbia City, IN.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 7,080‑square‑foot steel‑frame building on 0.74 acres; Multiple overhead doors and an open shop/work area; Heated shop; offices and reception area have heating and central air conditioning
