551 S 3Rd St Columbus, OH 43215
For Sale
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This stunning 3-story, 3,749 sq ft mixed-use building in Columbus's German Village offers a rare investment opportunity. Built in 1900 and renovated in 2000, this Italianate-style property boasts incredible historic character, including iron gates, stained glass, and hand-carved double doors. The versatile floor plan is currently configured as office/commercial space on the first floor, ideal for creative services or retail, featuring a full kitchen. The second floor offers potential for short-term or long-term residential rental units, with 3 bedrooms, 3 bathrooms, bonus rooms, and a kitchenette. A large, versatile space with its own HVAC system occupies the finished third floor. The property includes 3 off-street parking spaces and sits on a 0.07-acre lot. Zoned for commercial/mixed use, this property presents a unique chance to own a piece of Columbus history. The asking price is $1,590,000, with a price per square foot of $424.11. This owner/user investment opportunity is ready for your vision.
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Pica Corporation Law Firm Security Service
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Cutler Real Estate Real Estate Agency
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Cindy Hundley Real Estate Agency
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Anna Hupp of Cutler Real Estate Real Estate Agency
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Doug Green, Realtor Cutler Real Estate Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.