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Property profile & analytics
OFF-MARKET
Land

1900 Ikea Way Columbus, OH 43240

4.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in Columbus, Ohio. Strategically located at 1900 IKEA Way, this property boasts a prime position just off I-71, directly in front of the IKEA store and situated between two signalized intersections. The site benefits from high visibility along the Gemini Place/IKEA Way corridor, a key east-west connector for the area, experiencing less congestion than the Polaris Parkway to the south. Daily traffic counts exceed 31,000 vehicles, ensuring significant exposure for any development. The property is zoned for commercial use, offering flexibility for a variety of projects. Its proximity to Polaris Fashion Place, a major super-regional mall encompassing over 2 million square feet of retail space and attracting affluent shoppers, further enhances its appeal. The surrounding area features over 4.6 million square feet of retail gross leasable area (GLA), indicating a thriving commercial environment. This land parcel represents a rare chance to acquire a well-located site within a continuously developing corridor, offering substantial potential for future growth and return on investment. The property is located in Delaware County, Ohio, with a zip code of 43240.

Property profile
Verified
Property type Land
Lot 4.2 ac (182,952 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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