525 Jackson StColumbus, IN 47201

Property Details for 525 Jackson St

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

1.38 AC

Property size (Sq ft)

75,306 SF

Property type

Office properties

APN

03-95-24-340-000.700-005

APU

39524340000700005

Description

This exceptional commercial property in Columbus, Indiana offers a unique opportunity. The complex comprises three buildings totaling over 75,000 square feet of creative office space, situated on a 1.9-acre lot. The main structure, the Irwin Office Building & Conference Center, boasts approximately 60,264 square feet, complemented by a separate 15,174 square foot conference center. A third building, Building D, adds another 15,356 square feet of versatile space. Previously a standalone structure, Building D is adaptable to suit an owner-occupant's needs. The entire complex is zoned CD (Commercial Development), providing flexibility for various uses. The property enjoys a highly desirable location, adjacent to the Cummins Corporate Headquarters and benefits from direct access to Washington Street, a major thoroughfare in downtown Columbus. The total square footage ranges from 15,356 to 75,438 square feet, offering options for businesses of various sizes. The three-story buildings provide ample space and potential for expansion or customization. This property presents a rare chance to acquire a substantial and strategically located office complex in a thriving Indiana city.

• CAP approach

  CAP return

  Valuation

  6%

  $9,289,337

  6.5%

  $8,574,773

  7%

  $7,962,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,482,340

  Geo Method

  $6,482,340

• Alternative Use

  Use

  Valuation

  Residential

  $10,632,718

  Hospitality

  $9,739,513

  Educational

  $8,103,160

  Medical

  $8,381,840

  Retail

  $12,604,916

Location Insight

City

Columbus

County

Bartholomew

State

Indiana

Latitude

39.2038

Longitude

-85.9219

CBSA code

18020

CBSA name

COLUMBUS, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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