Strip Center with On-Site
For Sale
$1,100,000
808 3rd Street, Columbus, IN 47201
Commercial Sale, Columbus, IN
Property Size6,000 SF
Lot Size0.52 Acres
Price / SF$183.33
Days on Market151
Property Features for 808 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Strip Mall
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
Active
APN
039524440001500005
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot A - Sycamore Green Mp 095.0000003.0000
Tax Annual Amount
12174
Legal Description
Lot A - Sycamore Green Mp 095.0000003.0000
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1989
Floors in Building
1
Roof type
Membrane
Listing Agency:
RE/MAX Real Estate Prof · RE/MAX International
(812) 372-2200
Listed By:
Carrie Abfall · License #RB14022856
(812) 390-8440
Added: May 21
Changed: Oct 2
Last Checked: Oct 18 at 2:06AM
MLS# 22104221
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 1989 strip center occupies a 0.52-acre site and is currently owner-occupied. The building has forced-air heating, central air conditioning, and a membrane roof. On-site parking accommodates 27 vehicles, and the property is zoned Commercial Strip Mall. The reported suite count varies, so no specific count is included.
The corner location is on 3rd Street, where traffic exceeds 15,000 vehicles per day. Washington Street is three blocks away, and downtown, transit routes, schools, and churches are within walking distance. The property is also near the Cummins Engine Plant. It is outside a flood zone and has no historic district restrictions.
The corner location is on 3rd Street, where traffic exceeds 15,000 vehicles per day. Washington Street is three blocks away, and downtown, transit routes, schools, and churches are within walking distance. The property is also near the Cummins Engine Plant. It is outside a flood zone and has no historic district restrictions.
Key Highlights
- 0.52‑acre site
- 27 on‑site parking spaces
- More than 15,000 vehicles per day on 3rd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,342
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,840
$766.8K
Cap Rate 7%
$547,743
$547.7K
Cap Rate 9%
$426,022
$426.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$61.2K $10.20/SF
− Vacancy
−$6.4K −$1.07/SF
EGI
$54.8K $9.13/SF
− OpEx
−$16.4K −$2.74/SF
NOI
$38.3K $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%
$766,840
Cap Rate 7%
$547,743
Cap Rate 9%
$426,022
Alternative Uses
Best Use
Retail
$547.7K
$479.3K – $639.0K
NOI $38,342 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.16M
$1.01M – $1.35M
NOI $81,194 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - The commercial property sits at a visible corner along 3rd Street, with downtown and neighborhood destinations nearby.
Where is this strip mall located?
The property is located at 808 3rd Street Columbus, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 0.52‑acre site; 27 on‑site parking spaces; More than 15,000 vehicles per day on 3rd Street
