Improved Commercial Land for Sale in Columbus, Indiana

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)