Share This Listing

Message

927 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

State Mapleton Center - Columbus IN 2150 State St 18,892 SF 100% Leased Retail Building Columbus, IN 47201 $2,171,000 ($114.92/SF) 7.25% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

  • Investment Grade Tenancy: Dollar General & Dollar Tree
  • Brand New 10-Yr Dollar Tree lease
  • Corner location with strong traffic counts, dense trade area
  • Outparcel Opportunity - Value Add Opportunity
  • Strong Placer.ai data for long-time Dollar General

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,892 SF
Building Class
C
Year Built
1963
Price
$2,171,000
Price Per SF
$114.92
Cap Rate
7.25%
NOI
$157,378
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.55 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
77 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
295’ on State St

Amenities

  • Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jan 0000

Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Jan 0000

Nearby Major Retailers

CrossFit
Horizon Bank
First Financial Bank

Property Taxes

Property Taxes

Parcel Number
03-96-30-130-003.200-005
Land Assessment
$253,900
Improvements Assessment
$881,000
Total Assessment
$1,134,900
  • Listing ID: 35427026

  • Date on Market: 4/9/2025

  • Last Updated:

  • Address: 2150 State St, Columbus, IN 47201

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}