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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

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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

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

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
$250,900
Improvements Assessment
$401,300
Total Assessment
$652,200
  • Listing ID: 35427026

  • Date on Market: 4/9/2025

  • Last Updated:

  • Address: 2150 State St, Columbus, IN 47201

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