Two-Story Office Building with
For Sale
$898,000
54 E Whittier St, Columbus, OH 43206
Flexible commercial layout with basement storage, covered parking, and a fenced outdoor area.
Property Size2,887 SF
Price / SF$311.05
Days on Market48
Property Features for 54 E Whittier St
General Information
Standard status
Active
Size
2,887 SF
Class
B
Property subtype
Office
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Amenities
full basement
fenced outdoor patio
Building Details
Building Size
2,887 SF
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
NAI Ohio Equities, LLC
Listed By:
Gabriel Dent · License #SAL.2025005415
(380) 237-6839
Source:
Ohioequities
Added: Sep 1
Changed: Oct 14
Last Checked: Oct 16 at 6:22AM
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 2,887-square-foot, two-level commercial building offers a flexible configuration for office, retail, studio, or mixed-use occupancy. The property includes a full basement, fenced outdoor patio, two-space covered carport, and additional off-street parking. Its corner positioning adds street exposure, while the existing layout supports a range of commercial applications.
The property is located at 54 E Whittier St in Columbus’s German Village, with direct access to South High Street and the Brewery District. I-70 and I-71 are readily accessible, and the building is minutes from downtown Columbus and Nationwide Children's Hospital. The surrounding context is an established urban infill area with a mix of commercial and residential activity.
The property is located at 54 E Whittier St in Columbus’s German Village, with direct access to South High Street and the Brewery District. I-70 and I-71 are readily accessible, and the building is minutes from downtown Columbus and Nationwide Children's Hospital. The surrounding context is an established urban infill area with a mix of commercial and residential activity.
Key Highlights
- 2,887 SF two‑story commercial building
- Flexible layout for office, retail, studio, or mixed‑use occupancy
- Full basement and fenced outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,354
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,080
$667.1K
Cap Rate 7%
$476,486
$476.5K
Cap Rate 9%
$370,600
$370.6K
Market Conditions
NOI Build-Up for 2,887 SF
Gross rent
$57.2K $19.80/SF
− Vacancy
−$12.7K −$4.40/SF
EGI
$44.5K $15.40/SF
− OpEx
−$11.1K −$3.85/SF
NOI
$33.4K $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%
$667,080
Cap Rate 7%
$476,486
Cap Rate 9%
$370,600
Alternative Uses
Best Use
Office B
$476.5K
$416.9K – $555.9K
NOI $33,354 @ 7.0% cap · market cap 3.71%
Second Best
Mixed Use
$473.3K
$414.1K – $552.1K
NOI $33,128 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$601.7K
$526.5K – $702.0K
NOI $42,117 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Check the figures for this property
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 - Flexible commercial layout with basement storage, covered parking, and a fenced outdoor area.
Where is this office building located?
The property is located at 54 E Whittier St Columbus, OH.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: 2,887 SF two‑story commercial building; Flexible layout for office, retail, studio, or mixed‑use occupancy; Full basement and fenced outdoor patio
