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Property profile & analytics
OFF-MARKET Estimated value $635,000
Medical Office Space

3111 Columbus St Grove City, OH 43123-2762

6,150 SF 0.61 ac lot Built 1983
Trust Owned 9-yr Hold Free & Clear
Property ID
US66-2083252
Property summary
AI-generated overview

This exceptional commercial property at 3111 Columbus Street offers a versatile office space totaling 6,195 square feet, currently configured as a single-tenant occupancy. The building sits on a 0.61-acre lot and boasts an impressive 36 parking spaces, ensuring ample convenience for employees and clients. A significant advantage is the availability of an additional 1,550 square feet of contiguous space, allowing for expansion to a total of 3,100 square feet, ideal for growing businesses. The open floor plan provides flexibility for various office configurations. The property enjoys a highly desirable location, a short distance from Downtown Grove City and Stringtown Road, offering excellent accessibility. Furthermore, a COTA bus stop is conveniently located at the corner of Haughn and Columbus Street, enhancing public transportation access. The property owner allows signage, subject to approval by the City of Grove City. The property's APN is 040-000631, and its cross street is Wilbur Ave. Additional details are available upon request. This is a rare opportunity to secure a well-located, spacious office property with significant expansion potential. Please note that further information is available in the A2A remarks.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction WOOD
Total area 6,150 SF
Lot 0.61 ac (26,572 SF)
APN 040-000631
UPID US66-2083252
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
Current use
Occupant on record · Public records
  • Brooke Beasy Realtor® Keller Williams Premier Realty Real Estate Agency
  • The Yates Group @ Keller Williams Premier Real Estate Agency
  • Lawrence James R DDS Dental Office
  • Environmental Staffing America Employment Agency
  • Keller Williams Consultants Realty, Melissa Little Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$860k
Blend (final) Blend
$635k
Owner & transaction history
Isaac,steven R Trust · 9 yrs held
Isaac,steven R Trust
since 2017
2 recorded transactions
2017
$375,000
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.0M +9.6%
Neighborhood: shopping center $1.0M +9.1%
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