181 Innis AveColumbus, OH 43207

Property Details for 181 Innis Ave

Year built

1930

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

2,500 SF

Property type

Retail residential properties

APN

010-009619

APU

10009619

Description

This exceptional mixed-use property, located at 181 E Innis Avenue in Columbus, Ohio, presents a unique investment opportunity. The 3,750 square foot building boasts a versatile layout, perfectly suited for a variety of uses. The first floor offers ample space ideal for retail or restaurant operations, featuring a full lower level for convenient storage. A covered patio and convenient pickup window enhance customer experience, while excellent street signage visibility on this corner lot ensures maximum exposure. Adding to the property's appeal is off-street parking located at the rear of the building. Upstairs, a comfortable three-bedroom, one-bathroom apartment provides additional income potential or owner-occupancy options. The property sits on a 0.09-acre lot, offering a manageable footprint with significant potential for growth and return on investment. This property is being sold as-is, with curb offers only. The building's current tenants should not be disturbed. This is a rare opportunity to acquire a well-situated mixed-use property in a thriving Columbus neighborhood. Serious inquiries only. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $487,183

  6.5%

  $449,707

  7%

  $417,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,527

  Geo Method

  $238,527

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $906,509

  Retail / Commercial

  $457,294

  Hospitality / Lodging

  $322,180

  Office

  $440,831

  Institutional / Educational

  $465,385

  Residential Income

  $544,501

  Multifamily

  $686,068

  Automotive / Energy

  $398,902

  Parking / Income-Based Land

  $143,541

  Restaurant / Food Service

  $221,184

  Healthcare / Senior Housing

  $467,275

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9259

Longitude

-82.9905

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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