3550 Two Mile House Rd Columbus, IN 47201
- Lifestyle centers
- 10,800 SF
- 3.37 lot acres
Current Use by Public Records
- Tuttle Julie L MD / Sports Medicine Physician
- Financial Healthcare Resources Inc. / Employment Agency
- Jobeth Johnson / Social Worker
- Jcdinvestments / Investment Service
- Columbus Counseling Partners, LLC / Mental Health Service
Property Details for 3550 Two Mile House Rd
- Year built
- 1982
- Lot size
- 3.37 lot acres
- Property size
- 10,800 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 10,800-square-foot, Class B shopping center in Columbus, Indiana. Built in 1982, this multi-tenant property boasts a 100% occupancy rate with a diverse and stable tenant mix. Key tenants include Marco's Pizza, Ireland Home Services, Doggett Financial Services, Columbus Counseling Partners, and Comb Together (Hair Salon). Strategically located on State Road 46, the center enjoys high visibility and convenient access, with close proximity to major retailers like Walmart and Interstate 65, as well as numerous restaurants and banking institutions. The 3.37-acre parcel is part of a condo association, providing shared responsibility for common areas. Ample parking is available with 40 spaces designated for customers and staff. The property is zoned for Commercial Regional use. The asking price for this well-maintained, income-producing asset is $1,200,000, offering a strong net operating income (NOI) of $85,084. This presents a compelling opportunity for investors seeking a stable, high-performing retail investment in a desirable location. The property consists of one building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Bartholomew
- State
- Indiana
- Longitude
- -85.9638
- Latitude
- 39.1986
