Mixed-Use Building with Live-Work
For Sale
Contact for pricing
1687 Oak Street 1685, Columbus, OH 43205
Street-level commercial area offers divisible suites alongside a second-floor residential unit.
Property Size4,793 SF
Price / SF$0.01
Days on Market47
Property Features for 1687 Oak Street 1685
General Information
Standard status
Active
Size
4,793 SF
Site & Location
Neighborhood
Near East
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Ines Hilaman
(740) 972-2192
Source:
Maryhatem
Added: Sep 9
Changed: Oct 15
Last Checked: Oct 24 at 5:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red 1 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1687 Oak Street, with an additional address of 1685, this approximately 4,793-square-foot mixed-use building combines commercial and residential components. The street-level portion contains more than 2,400 square feet and can be configured as a single commercial area, multiple retail suites, or private offices. Individual office areas range from approximately 112 to 132 square feet.
The second floor includes a three-bedroom, two-bath residential unit that can support a live-work arrangement or function as a separate rental component. Existing restaurant build-out plans and drawings are available, and the ownership is prepared to consider white-box delivery or customized improvements for qualified tenants.
The property is in Columbus’s Olde Towne East area, within walking distance of Franklin Park and the Historic Trolley Barn District. The surrounding area includes redevelopment and new investment activity.
The second floor includes a three-bedroom, two-bath residential unit that can support a live-work arrangement or function as a separate rental component. Existing restaurant build-out plans and drawings are available, and the ownership is prepared to consider white-box delivery or customized improvements for qualified tenants.
The property is in Columbus’s Olde Towne East area, within walking distance of Franklin Park and the Historic Trolley Barn District. The surrounding area includes redevelopment and new investment activity.
Key Highlights
- Approximately 4,793 SF mixed‑use building at 1687 Oak Street and 1685
- More than 2,400 SF of street‑level commercial space
- Office areas range from approximately 112 SF to 132 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,000
$1.1M
Cap Rate 7%
$785,714
$785.7K
Cap Rate 9%
$611,111
$611.1K
Market Conditions
NOI Build-Up for 4,793 SF
Gross rent
$97.8K $20.40/SF
− Vacancy
−$9.8K −$2.04/SF
EGI
$88.0K $18.36/SF
− OpEx
−$33.0K −$6.89/SF
NOI
$55.0K $11.48/SF
Area
Columbus, OH
Vacancy
10.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,000
Cap Rate 7%
$785,714
Cap Rate 9%
$611,111
Alternative Uses
Best Use
Office B
$791.1K
$692.2K – $922.9K
NOI $55,375 @ 7.0% cap · market cap 230,729.17%
Second Best
Retail
$789.4K
$690.7K – $921.0K
NOI $55,258 @ 7.0% cap · market cap 230,241.67%
Theoretical Best
Office A
$998.9K
$874.0K – $1.17M
NOI $69,922 @ 7.0% cap · market cap 291,341.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial area offers divisible suites alongside a second-floor residential unit.
Where is this mixed-use property located?
The property is located at 1687 Oak Street 1685 Columbus, OH.
What are key features of this property?
This property features: Approximately 4,793 SF mixed‑use building at 1687 Oak Street and 1685; More than 2,400 SF of street‑level commercial space; Office areas range from approximately 112 SF to 132 SF
