1015 3Rd StColumbus, IN 47201

Property Details for 1015 3Rd St

Year built

1959

Construction

WOOD

Lot size

0.71 AC

Property size (Sq ft)

15,500 SF

Property type

Office properties

APN

03-95-25-110-000.200-005

APU

39525110000200005

Description

This exceptional two-level office building, located in Bartholomew County's premiere business district, offers a total of 10,152 square feet of versatile space. The building is comprised of six suites, with flexible options ranging from a minimum of 1,000 square feet to a maximum contiguous space of 9,100 square feet. Each floor encompasses approximately 5,074 square feet, providing ample room for various business needs. The largest available space, at 9,100 square feet, features a 40% private office configuration, ideal for companies seeking a blend of open and private work areas. Parking is exceptionally convenient, with 71 spaces available, providing a generous ratio of five parking spaces per 1,000 square feet of leased space. Enhance your business's visibility with prominent signage opportunities on both 3rd and 2nd Streets. The property also boasts a desirable outdoor patio area, offering a refreshing break from the workday. The building sits on a 0.28-acre lot and is situated between 2nd and 3rd Streets, providing excellent access and visibility. This is a rare opportunity to secure prime office space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,911,995

  6.5%

  $1,764,919

  7%

  $1,638,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,334,240

  Geo Method

  $1,334,240

• Alternative Use

  Use

  Valuation

  Residential

  $2,188,499

  Hospitality

  $2,004,654

  Educational

  $1,667,848

  Medical

  $1,725,208

  Retail

  $2,594,431

Location Insight

City

Columbus

County

Bartholomew

State

Indiana

Latitude

39.201

Longitude

-85.9129

CBSA code

18020

CBSA name

COLUMBUS, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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