Mixed-Use Building Near
480 E Main Street, Columbus, OH 43215
For Sale
$1,250,000
5,800 SF mixed-use building suitable for warehousing, studio, or restaurant.
Property Size5,800 SF
Price / SF$215.52
Days on Market354
Property Features for 480 E Main Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
NAI Ohio Equities, LLC
Listed By:
Dan Sheeran · License #2016006190
(614) 581-2434
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Jul 29 at 4:51AM
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 NAI Ohio Equities, LLC
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Investment Insights
Based on property information with market context.
This 5,800 SF freestanding building is located on 0.37 acres in downtown Columbus, near I-71, along heavily traveled E Main Street. Currently operating as an automotive repair shop, the site is suitable for multiple mixed-use purposes, including warehousing, distribution, studio space, restaurants, or breweries. The property features 55 feet of frontage on E. Main Street and offers ease of access to the rest of downtown. It includes an office area, pylon signage, one drive-in door, floor drains, and racking. The zoning is Downtown District (DD). The location provides convenient access to downtown Columbus, German Village, and Nationwide Children’s Medical Center. Situated between 4th Street and Interstate 71 along busy E. Main Street near Parsons Avenue, the property is located right off of I-71’s Main Street exit.
Key Highlights
- 5,800 SF Freestanding Building in Downtown Columbus
- Located near I‑71 and E Main Street with Easy Access to Downtown and German Village
- Zoned Downtown District (DD) Suitable for Mixed‑Use Development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,868
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,360
$1.3M
Cap Rate 7%
$955,257
$955.3K
Cap Rate 9%
$742,978
$743.0K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$104.4K $18.00/SF
− Vacancy
−$8.9K −$1.53/SF
EGI
$95.5K $16.47/SF
− OpEx
−$28.7K −$4.94/SF
NOI
$66.9K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,360
Cap Rate 7%
$955,257
Cap Rate 9%
$742,978
Alternative Uses
Best Use
Retail
$955.3K
$835.9K – $1.11M
NOI $66,868 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$327.6K
$286.7K – $382.2K
NOI $22,934 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,612 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,960
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Auto shops in Columbus
Vacancy Rate% for Retail in Columbus, OH
Similar Off Market Nearby
- Kirk's Body Shop — 751 Wager St, Columbus, OH 43206
- John's Tire and Brake Service — 807 Parsons Ave, Columbus, OH 43206
- H and M towing — 779 Parsons Ave, Columbus, OH 43206
- Berkeley Towing Service — 559 S High St, Columbus, OH 43215, United States
- Pump Pro's — 513 City Park Ave, Columbus, OH 43215
Frequently Asked Questions
What type of property is this?
Auto shop - 5,800 SF mixed-use building suitable for warehousing, studio, or restaurant.
Where is this auto shop located?
The property is located at 480 E Main Street Columbus, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,800 SF Freestanding Building in Downtown Columbus; Located near I‑71 and E Main Street with Easy Access to Downtown and German Village; Zoned Downtown District (DD) Suitable for Mixed‑Use Development
