Two-Suite Office
For Sale
$399,000
1689 E Main Street, Columbus, OH 43205
Office, Columbus, OH
Property Size2,144 SF
Lot Size0.08 Acres
Price / SF$186.10
Days on Market141
Property Features for 1689 E Main Street
General Information
Property type
Residential
Property subtype
Office
Rooms
Basement
Standard status
Active
APN
010-040166-00
Size
2,144 SF
Lot size
0.08 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2546
Building Details
Year built
1915
Floors in Building
2
Buildings
1
Listing Agency:
Keller Williams Greater Cols · Keller Williams Realty
(614) 944-5900
Listed By:
Nathan Yolles
(614) 537-2550
Added: Jun 9
Changed: Oct 27
Last Checked: Oct 27 at 4:06AM
MLS# 226020904
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,144-square-foot office building is arranged across two levels, with one suite on each floor and independent entrances for each occupant or use. The interior has been remodeled, and the property includes a basement. Constructed in 1915, the building combines a traditional structure with updated office interiors.
An adjoining 0.08-acre lot east of the building conveys with the property and may be converted to private parking. The site is near downtown Columbus at 1689 E Main Street. The second-floor suite also offers the potential for residential conversion, subject to applicable approvals.
An adjoining 0.08-acre lot east of the building conveys with the property and may be converted to private parking. The site is near downtown Columbus at 1689 E Main Street. The second-floor suite also offers the potential for residential conversion, subject to applicable approvals.
Key Highlights
- 2,144 SF office building with two separate suites
- Two‑story layout with independent entrances for each floor
- Remodeled office interiors throughout
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Remodeled two-story layout offers separate entrances and a second-floor conversion option.
Where is this office building located?
The property is located at 1689 E Main Street 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 office building with two separate suites; Two‑story layout with independent entrances for each floor; Remodeled office interiors throughout
