Auto Shop Property with Overhead
For Sale
$599,900
Pending
351 S Mapleton Street, Columbus, IN 47201
Commercial Sale, Columbus, IN
Property Size7,332 SF
Lot Size0.58 Acres
Days on Market90
Property Features for 351 S Mapleton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Fringe/ Auto
Elementary school district
Bartholomew Con School Corp
Middle school district
Bartholomew Con School Corp
High school district
Bartholomew Con School Corp
Directions
GPS Friendly
Subdivision
314 - Bartholomew - Columbus West
Standard status
Pending
APN
039630420005900005
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 64A - Bowles' Admin Subdv (Q/246D) Mp 096.0000056.0000
Tax Annual Amount
5460
Legal Description
Lot 64A - Bowles' Admin Subdv (Q/246D) Mp 096.0000056.0000
Utilities
Utilities
Cable Available
Amenities
overhead doors
office spaces
Building Details
Year built
1983
Floors in Building
2
Listing Agency:
eXp Realty LLC
(812) 374-8680
Listed By:
Zane Wischmeier · License #RB16000321
(888) 611-3912
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 22115249
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,332-square-foot auto-use property consists of two concrete buildings on a 0.58-acre parcel. Multiple overhead doors and office areas are part of the layout, with paved parking on site. The property was built in 1983 and is zoned Commercial Fringe/Auto.
The buildings are suited to automotive uses, including sales, service, and fleet operations, as well as light commercial use. Cable is available at the property.
The buildings are suited to automotive uses, including sales, service, and fleet operations, as well as light commercial use. Cable is available at the property.
Key Highlights
- 7,332‑square‑foot auto‑use property with two buildings
- 0.58‑acre parcel
- Concrete construction with multiple overhead doors and office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,854
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,080
$937.1K
Cap Rate 7%
$669,343
$669.3K
Cap Rate 9%
$520,600
$520.6K
Market Conditions
NOI Build-Up for 7,332 SF
Gross rent
$74.8K $10.20/SF
− Vacancy
−$7.9K −$1.07/SF
EGI
$66.9K $9.13/SF
− OpEx
−$20.1K −$2.74/SF
NOI
$46.9K $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%
$937,080
Cap Rate 7%
$669,343
Cap Rate 9%
$520,600
Alternative Uses
Best Use
Retail
$669.3K
$585.7K – $780.9K
NOI $46,854 @ 7.0% cap · market cap 7.81%
Second Best
Industrial
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 7.16%
Theoretical Best
Healthcare Medical
$1.42M
$1.24M – $1.65M
NOI $99,220 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
- Auto Glass Depot — 770 S Marr Rd, Columbus, IN 47201
- Webb's Auto Center — 481 Center St, Columbus, IN 47201
- Classic Auto Body — 472 Center St, Columbus, IN 47201
- Gene's Automotive Services — 461 S Mapleton St # A, Columbus, IN 47201
- Move Over Outfitters Inc — 470 S Mapleton St, Columbus, IN 47201
Frequently Asked Questions
What type of property is this?
Auto shop - Two buildings provide vehicle-oriented space, office areas, and paved parking on a commercial parcel.
Where is this auto shop located?
The property is located at 351 S Mapleton Street Columbus, IN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 7,332‑square‑foot auto‑use property with two buildings; 0.58‑acre parcel; Concrete construction with multiple overhead doors and office areas
