Property profile

3550 Two Mile House Rd Columbus, IN 47201

OFF-MARKET
Lifestyle centers
10,800 SF 3.37 ac lot Built 1982
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Year built 1982
Total area 10,800 SF
Lot 3.37 ac (146,797 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Employment Agency
  • Foster Care Service Social Service Agency
  • Financial Advisor
  • Crisis Center Medical Clinic

Location

3550 Two Mile House Rd Columbus, IN 47201
Columbus metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3550 Two Mile House Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message