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33157812
33157809

3550 West 2 Mile House Road, Columbus, IN 47201

RM
IN IN RB14023230
Millman Realty Partners
Listed by Millman Realty Partners
$950,000
9 days on market
Updated 8 days ago

3550 Two Mile House Road

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,800
Units 5
Cap Rate 9.00%
Occupancy 100%
Lease Type Modified
Class B
Year Built 1982
Acreage 3.370
Zoning Commercial Regional (CR)
Parking Spaces 40 spaces
Parking Per SqFt 3.70
Ground Lease No

About This Property

Marketing description

Shoppes at Two Mile House Road – 3550 Two Mile House Road, Columbus, Indiana | $950,000

This 10,800-square-foot retail shopping center presents a compelling investment opportunity in one of southern Indiana's most dynamic markets. Built in 1982 and situated on 3.37 acres along State Road 46, the property is 100% occupied with a strong and diverse tenant mix that includes Marco's Pizza, Ireland Home Base, Joe Doggett Company, Columbus Counseling Partners, and Comb Together hair salon. The center generates $139,800 in gross annual rental income with an additional $7,029 in rent reimbursements, producing a net operating income of $90,469. With 40 parking spaces, Commercial Regional zoning, and convenient access to I-65, the property is well-positioned for continued retail success.

Columbus, Indiana is a thriving community anchored by major employers such as Cummins Engine Company, Toyota Industrial Equipment, and Faurecia Gladstone, supporting a workforce of over 44,000 within a 15-minute drive. The surrounding Regal Park Plaza trade area features an array of national retailers, restaurants, and service providers, ensuring steady consumer traffic. With a median household income of $70,541 and a population base of over 84,000 in Bartholomew County, this fully leased shopping center offers stable cash flow and long-term upside for investors seeking well-located retail assets in a proven midwestern market.

Investment highlights

Millman Realty Partners is pleased to present for sale The Shoppes at Two Mile House Road. The building was built in 1982. The property is situated in a retail setting along State Road 46 with close proximity to the Walmart, I-65, restaurants and banking. The center is 100% occupied and has a good tenant mix anchored by Marco's Pizza; other tenants include Ireland Home Services, Doggett Financial Services, Columbus Counseling Partners, and Comb Together (Hair Salon). The property is part of a Condo Association that covers a 3.37 Acre Parcel. The property has great accessibility from State Road 46. There are a total of 40 parking spaces for patron and staff parking.

The Seller’s Asking Price: $950,000.

Listing Contacts

RM
IN IN RB14023230
Millman Realty Partners
Listed by Millman Realty Partners

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Additional Information

Name
Rob Millman
License
IN RB14023230
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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