5418 S State Road 109, Columbia City, IN
7,920 SF commercial property on 4.72 acres in Columbia City.
- Added:
- Oct 27, 2025
- Days on Market:
- 227
- Last Refresh:
- May 20 at 8:38 pm
Property Features for 5418 S State Road 109
General Information
- Standard status
- Active
- Size
- 7,920 SF
- Lot size
- 1.90 Acres
- Property subtype
- RETAIL
Listing agent Karl Behrens (260) 410-3627
Listing office BND Commercial, LLC (260) 410-3627
Listing date Oct 27, 2025
Source Moodyscre
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 BND Commercial, LLC
HighLights
- High‑visibility location on Big Lake with strong local traffic and scenic appeal.
- Zoned C2 – General Commercial, ideal for convenience store, retail redevelopment, or mixed‑use.
- 7,920 SF former grocery and gas station on 4.72 acres.
- Ample paved parking and existing gas infrastructure.
- Flexible parcel options for customized investment or redevelopment.
- Proximity to US 33 and US 30 provides excellent access to surrounding communities.
Overview
Local Financial Insights For Specialty 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 | $126.4k | $15.96 |
| − Vacancy | −$9.5k | −$1.20 |
| EGI | $116.9k | $14.76 |
| − OpEx | −$29.2k | −$3.69 |
| NOI | $87.7k | $11.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbia City
- County
- Whitley
- State
- Indiana
- Longitude
- -85.4877
- Latitude
- 41.2458
