For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Office Building Renovation Title is generated by Realmo AI

    725 Bellows Ave, Columbus, OH 43222

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Four-story office building with renovation underway, natural light, and prominent signage visibility from SR-315.

    Type:Office
    Property size:
    41,000 SF
    Price / SF:
    $150/SF
    Added:
    Jun 9, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 20 at 2:57 am

    Property Features for 725 Bellows Ave

    General Information

    Standard status
    Active
    Size
    41,000 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Grant Hartman
    Grant Hartman

    Listing agent Grant Hartman License #OH 2013-00-2507

    Listing office Allied Real Estate Advisors

    Listing date Jun 9, 2026

    Source Crexi

    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 Allied Real Estate Advisors

    HighLights

    • Historic four‑story office building currently undergoing a full renovation
    • Creative workspace features exposed brick and soaring ceilings
    • All‑new windows designed to bring abundant natural light into the interiors
    • Prominent signage opportunity with visibility from SR‑315
    • Large surface lot with free on‑site parking

    Overview

    725 Bellows Avenue is a historic, four-story office building currently undergoing a full renovation. The space is being reintroduced as a distinctive creative workspace with exposed brick and soaring ceilings, complemented by all-new windows designed to bring abundant natural light into the interiors. The property also includes opportunities for prominent signage, supported by the building’s visibility from SR-315.

    The building features a large surface lot with free on-site parking, providing straightforward convenience for employees and visitors. Signage visibility from SR-315 is a key advantage for branding and wayfinding.

    For tenants, this renovation-ready office building offers a character-forward environment with high-ceiling spaces and a creative aesthetic centered on exposed brick and daylight. For buyers, it presents an in-progress repositioning of a historic asset into a modernized workplace, with parking on site and a clear exterior communications component through signage visibility from SR-315.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $811.8k $19.80
    − Vacancy −$180.2k −$4.40
    EGI $631.6k $15.40
    − OpEx −$157.9k −$3.85
    NOI $473.7k $11.55
    41,000 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $6.77M
    $5.92M – $7.89M (±1% cap)
    NOI $473,685 @ 7.0% cap · market cap 7.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $8.54M
    $7.48M – $9.97M (±1% cap)
    NOI $598,122 @ 7.0% cap · market cap 9.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bellows School High School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0182528
    Latitude
    39.9528273

    FAQs

    What type of property is this?
    Office building - Four-story office building with renovation underway, natural light, and prominent signage visibility from SR-315.
    Where is this office building located?
    The property is located at 725 Bellows Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $6,150,000.
    What are key features of this property?
    This property features: Historic four‑story office building currently undergoing a full renovation; Creative workspace features exposed brick and soaring ceilings; All‑new windows designed to bring abundant natural light into the interiors
    (614) 940-2978 Call to check price and availability
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message