3528 W Two mile house Rd, Columbus, IN

Listing office Stith Commercial d***@stithbrokers.com Show Phone

Listing date Nov 24, 2025

Source Moodyscre

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Overview

This investment opportunity includes two commercial condominium units. One unit, located at 3520 Two Mile House Road, is 3700 square feet and leased to Groups Recover Together. The tenant remodeled the space in 2021 and has a lease that started August 1, 2021, with a renewal for another 3-year lease starting August 1, 2024. The lease includes annual 2.5% increases in base rent. The tenant is responsible for CAMS, while the landlord is responsible for property taxes. The tenant has two additional 3-year options to renew. The annual NOI is $43,050. The second unit, located at 3528 Two Mile House Rd, is leased to a non-profit organization that works with autistic people of all ages. The tenant's lease started on December 1, 2022, for a term of 7 years and 4 months, with annual rental increases. The building was remodeled in 2019 and again in December 2022 and January 2023. The total property size is 9400 square feet. The facade and exterior are under contract to be updated. The exterior lighting was updated the week of 11/10/2025. One of the HVAC units in the 3528 suite is scheduled to be replaced in the next 30 days.

Suggested Use

Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Food Market Storage Facility Accounting Firm Grocery & Convenience Store Auto Parts Store Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Hope Veterinary Clinic West — 4220 Jonathan Moore Pike, Columbus, IN 47201

Location Insight

• Map
• Local Demand

City

Columbus

County

Bartholomew

State

Indiana

Longitude

-85.9635

Latitude

39.1982

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FAQs

What type of property is this?

Medical Office Space - Two commercial condominium units for sale with long-term tenants.

Where is this medical office space located?

The property is located at 3528 W Two mile house Rd Columbus, IN.

What are key features of this property?

This property features: High potential CAP rate: Projected to reach 8.24%/8.31% at $1.676M with rental increases in August 2025 and April 2026.; Two income‑generating assets within a condominium property.; 3520 Two Mile House Road: Tenant (Groups Recover Together) has renewed for another 3‑year lease starting August 1, 2024, with annual 2.5% rent increases and two further 3‑year renewal options.