Two-Story Office
For Sale
$399,000
1689 E Main St, Columbus, OH 43205
Remodeled office suites are arranged across two floors with separate entrances.
Property Size2,144 SF
Price / SF$186.10
Days on Market47
Property Features for 1689 E Main St
General Information
Standard status
Active
Size
2,144 SF
Site & Location
Neighborhood
Near East
Additional Details
Office Units
2
Building Details
Year Built
1915
Buildings
1
Stories
2
Listing Agency:
Keller Williams Greater Cols
Listed By:
Nathan Yolles · License #2019002346
(614) 537-2550
Source:
Thetomlinson
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 4:02PM
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 Keller Williams Greater Cols
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Investment Insights
Based on property information with market context.
This 2,144-square-foot office building dates to 1915 and contains two distinct suites, one on each floor. Each suite has its own entrance, and the interior office areas have been remodeled. The upper-level space also offers the stated possibility of residential conversion.
Located near downtown Columbus at 1689 E Main St, the property includes the adjacent 0.08-acre lot to the east. That additional parcel conveys with the building and can be adapted for private parking.
Located near downtown Columbus at 1689 E Main St, the property includes the adjacent 0.08-acre lot to the east. That additional parcel conveys with the building and can be adapted for private parking.
Key Highlights
- 2,144 SF two‑story office building
- Two separate suites with individual entrances
- Remodeled office interiors on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,770
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,400
$495.4K
Cap Rate 7%
$353,857
$353.9K
Cap Rate 9%
$275,222
$275.2K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$42.5K $19.80/SF
− Vacancy
−$9.4K −$4.40/SF
EGI
$33.0K $15.40/SF
− OpEx
−$8.3K −$3.85/SF
NOI
$24.8K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,400
Cap Rate 7%
$353,857
Cap Rate 9%
$275,222
Alternative Uses
Best Use
Office B
$353.9K
$309.6K – $412.8K
NOI $24,770 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.8K
$391.0K – $521.3K
NOI $31,277 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
549
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Remodeled office suites are arranged across two floors with separate entrances.
Where is this office building located?
The property is located at 1689 E Main St Columbus, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,144 SF two‑story office building; Two separate suites with individual entrances; Remodeled office interiors on both floors
