Investment Opportunity in Columbia City Indiana

Located just steps from the heart of downtown Columbia City, this well-positioned commercial building offers a rare opportunity for investors and business owners alike. Formerly a medical office and now operating as a multi-tenant business incubator, the property features a flexible layout with private office suites and a large gym, generating steady income with additional upside through lease-up of vacant units.

The building spans over 13,500 square feet across two stories, situated on a 0.2-acre lot zoned CB (Commercial Business), allowing for a wide range of commercial uses including office, retail, studio, and professional services. With over 50 on-site parking spaces, a freestanding pole sign, and a highly visible location just off Van Buren Street, your business or tenants will benefit from exceptional exposure and accessibility.

Recent improvements include a updated shingle and flat roofs, and impeccably maintained common areas and hallways, reflecting the building’s ongoing care and professional appeal. Originally built in 1897 and partial renovation in 2017, the structure combines historic character with modern upgrades. It is ADA compliant, features central air and heating, and includes four restrooms throughout.

With a current gross annual income of over $67,000, this property presents strong financial upside in a growing, walkable downtown corridor surrounded by restaurants, shops, banks, and professional services—all within a one-minute walk. Tenants and staff alike will appreciate the convenience of nearby amenities, including The Square, Brew’ha Coffee, Tokyo Restaurant, and the Whitley County Courthouse.

Whether you’re expanding your business footprint, seeking a flexible owner-occupied solution, or adding a strong asset to your investment portfolio, this Columbia City gem delivers on location, potential, and long-term value.

Property Highlights

  • Prime Downtown Location: Steps from Columbia City’s vibrant downtown, offering unmatched walkability to restaurants, shops, and amenities like The Square and Whitley County Courthouse, ensuring high tenant appeal and visibility.
  • Strong Income Potential: Currently generates $38,000 in gross annual income as a multi-tenant business incubator, with upside to over $61,000 when fully leased, driven by flexible office suites and a large gym space.
  • Versatile Zoning and Layout: Zoned CB (Commercial Business) on a 0.2-acre lot, supporting diverse uses (office, retail, studio, professional services) with 13,500+ sq ft across two stories, ideal for owner-occupancy or investment.
  • Modern Upgrades with Historic Charm: Built in 1897 and renovated in 2017, features a tankless water heater, updated roofs, ADA compliance, central air/heating, and six restrooms, blending character with functionality.
  • Exceptional Accessibility and Exposure: Includes 60+ on-site parking spaces, a freestanding pole sign, and a high-traffic location off Van Buren Street, maximizing tenant convenience and business visibility.

https://www.crexi.com/properties/2013773/indiana-columbia-city-office-space

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