Property profile

119 W Market St Columbia City, IN 46725

FOR SALE
Commercial real estate
Property ID
US31-1373629
16,510 SF 0.22 ac lot Built 1920
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 8,255-square-foot traditional office building is ideally situated in the heart of Columbia City, Indiana, directly across from the courthouse. Built in 1920 and renovated in 1999, this single-unit property offers ample parking, including convenient indoor lower-level parking and additional street parking. The building is zoned GB and features a spacious layout perfect for a variety of professional uses. Its prime location provides easy access to US Highway 30, less than a mile away. The asking price is $925,000, translating to $112.05 per square foot. The property includes a total of 8,255 net rentable square feet. The property's APN is 92-06-11-500-417.004-004. This well-maintained building presents a fantastic opportunity for businesses seeking a prominent location with convenient amenities. The property is available approximately January 16, 2024. Detailed property information and specifications are available upon request.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction WOOD
Total area 16,510 SF
Lot 0.22 ac (9,387 SF)
APN 92-06-11-500-417.004-004
UPID US31-1373629

Cap rate & NOI

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

Location

119 W Market St Columbia City, IN 46725
Columbia City metro Census 50500 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

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?”
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