Leased Retail Shopping
3550 West 2 Mile House Road Columbus, IN 47201
For Sale
Contact for pricing
A fully occupied retail shopping center with 40 parking spaces and a diverse tenant mix along State Road 46.
Property Size10,800 SF
Lot Size3.37 Acres
Price / SF$87.96
Days on Market58
Property Features for 3550 West 2 Mile House Road
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Lot size
- 3.37 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing Agency:
Millman Realty Partners
(812) 528-3028
Listed By:
Rob Millman · License #IN RB14023230
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 21 at 6:26AM
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 Millman Realty Partners
Investment Insights
Based on property information with market context.
Shoppes at Two Mile House Road is a 10,800-square-foot retail shopping center built in 1982, situated on 3.37 acres. The property is 100% occupied with a tenant mix that includes Marco’s Pizza, Ireland Home Base, Joe Doggett Company, Columbus Counseling Partners, and Comb Together hair salon. On-site parking totals 40 spaces.
The center is located at 3550 Two Mile House Road in Columbus, Indiana, along State Road 46. The property is also noted as having convenient access to I-65, supporting day-to-day customer reach. Commercial Regional zoning applies to the site.
For tenants and buyers seeking a turn-key retail asset, this shopping center is currently fully leased and designed to support a mix of neighborhood-serving retail and service uses. The presence of multiple tenants provides operational variety, and the center’s established shopping-center layout can support continued retail occupancy. The property’s documented rental performance includes gross annual rental income and rent reimbursements.
The center is located at 3550 Two Mile House Road in Columbus, Indiana, along State Road 46. The property is also noted as having convenient access to I-65, supporting day-to-day customer reach. Commercial Regional zoning applies to the site.
For tenants and buyers seeking a turn-key retail asset, this shopping center is currently fully leased and designed to support a mix of neighborhood-serving retail and service uses. The presence of multiple tenants provides operational variety, and the center’s established shopping-center layout can support continued retail occupancy. The property’s documented rental performance includes gross annual rental income and rent reimbursements.
Key Highlights
- 10,800 SF retail shopping center built in 1982
- 3.37 acres along State Road 46 with 40 parking spaces
- 100% occupied with tenants including Marco's Pizza, Ireland Home Base, Joe Doggett Company, Columbus Counseling Partners, and Comb Together hair salon
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.2k | $10.20 |
| − Vacancy | −$11.6k | −$1.07 |
| EGI | $98.6k | $9.13 |
| − OpEx | −$29.6k | −$2.74 |
| NOI | $69.0k | $6.39 |
10,800 SF · lease $10.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$985.9K
$862.7K – $1.15M
NOI $69,015 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.09M
$1.83M – $2.44M
NOI $146,150 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tuttle Julie L ...
Physician
Financial Healthcare Resources ...
Employment Agency
Jobeth Johnson
Foster Care Service
Jcdinvestments
Financial Advisor
Columbus Counseling Partners, ...
Crisis Center
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — Kroger - Louisville, 4290 Jonathan Moore Pike, Columbus, IN 47201
- Westhill Shopping Center — Columbus, IN 47201
- Shoppes At River Bend — 3780 W Jonathan Moore Pike, Columbus, IN 47201
- The Shoppes At Two Mile House Road — 3532 W 2 Mile House Rd, Columbus, IN 47201
FAQs
What type of property is this?
Shopping center - A fully occupied retail shopping center with 40 parking spaces and a diverse tenant mix along State Road 46.
Where is this shopping center located?
The property is located at 3550 West 2 Mile House Road Columbus, IN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 10,800 SF retail shopping center built in 1982; 3.37 acres along State Road 46 with 40 parking spaces; 100% occupied with tenants including Marco's Pizza, Ireland Home Base, Joe Doggett Company, Columbus Counseling Partners, and Comb Together hair salon
