1610 West 550 North, Columbus, IN

About this property

1610 W. 550 N. is a 15,500-square-foot industrial facility offering approximately 11,900 square feet of Class A warehouse space designed for manufacturing, distribution, storage, or contractor operations. The warehouse features 18-foot clear heights, six 14-foot overhead doors, two mezzanines, and durable 10-inch epoxy-coated concrete floors for long-term performance. The office area includes six private offices, two flex rooms, and a reception/showroom space. The fully gated property features badge-swipe access, security cameras, and an established on-site RV storage operation generating approximately $6,000 per month in supplemental income, creating additional value for both owner-users and investors. Property Highlights: - 15,500 SF industrial facility - 11,900 SF Class A warehouse - 18' clear | 6 × 14' overhead doors | Two mezzanines - Office, reception/showroom & flex space - Secure gated campus with badge access & cameras - RV storage income (~$6,000/month) - Minutes from I-65 | 1–2 hour access to Indianapolis, Louisville, Cincinnati & Bloomington Offered at $2,950,000, 1610 W. 550 N. presents a compelling value-add investment opportunity with immediate supplemental income and significant lease-up potential. The property includes 15,500 square feet of high-quality industrial space delivered vacant, allowing a new owner to lease at current market rates without waiting for tenant rollover. Based on an estimated market rental rate of approximately $9.50/SF NNN, the building offers strong income potential, complemented by an established RV storage operation generating approximately $6,000 per month. Combined with its strategic location just minutes from Interstate 65 and access to multiple major Midwest markets within one to two hours, the property is well-positioned to attract quality industrial tenants and deliver long-term investment performance. Investment Pro-Forma: - Asking Price: $2,950,000 - Lease-Up Opportunity: 15,500 SF at estimated market rent of $9.50/SF NNN - Projected Industrial Rental Income: $147,250 Annually - Existing RV Storage Income: Approximately $72,000 Annually - Total Potential Annual Revenue: Approximately $219,250 - Projected Going-In Yield: 7.43% (based on gross potential revenue)

Property highlights

Building size

15,500 SF

Lot size

4.52 acres

Year built

1999

Zoning

CC: Commercial Community

County

Bartholomew

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.