Average square foot calculated using Size range provided by listing agent.
Description
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 tankless water heater, 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 six restrooms throughout. With a current gross annual income of over $38, 000 and the potential to reach over $61, 000 fully leased, 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.Show Description
MLS® Number202528560
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorBrick
GarageNo
Approx. Age1897
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air
A/CCentral Air
Heating Fuel
Extras
Building, Lease
Similar Listings
Get notified of price or status changes by saving this listing