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$ 500,000
Est. payment | /mo
4,200 SqFt
$ 500,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $119
Subdivision Milo-Grogan Area
MLS Listing ID 225034124
Year Built 1937
Annual Tax Amount $2,684
Lot Size 5,227 Sqft
Lot Dimensions 0.12
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Development Opportunity - 1227 Cleveland Avenue, Columbus, OH 43201
Located just north of the rapidly redeveloping Milo-Grogan area at 5th and Cleveland Avenue, this property offers excellent accessibility and strong redevelopment potential. Convenient connections to US Highway 23, Highway 3, and Interstate 71 (via 5th or 11th Avenue) make this a prime location.
The parcel currently consists of three brick single-family homes, all vacant and in need of substantial renovation. In 2025, the City of Columbus rezoned this area to UTC (Urban Center Mixed-Use), opening the door for transformative redevelopment. This zoning designation supports walkable, mixed-use projects with attached and detached structures of varying heights, including medium high-rise buildings. Minimal setbacks and parking requirements enable high-density development opportunities—ideal for retail, commercial, or multifamily concepts. See Zoning documents in the document section ( MLS ) or Due Diligence section ( CREXI)
Additional highlights:
Situated on the COTA bus line with direct access to downtown, Italian Village, Milo-Grogan, and South Linden.
Boarded and secured structures; Drive-by recommended before scheduling.
Financing terms: Conventional financing required. The lender may require $200,000 down payment.
This property presents a rare opportunity to capitalize on the momentum of ongoing redevelopment in one of Columbus's most strategically located urban corridors.
Located just north of the rapidly redeveloping Milo-Grogan area at 5th and Cleveland Avenue, this property offers excellent accessibility and strong redevelopment potential. Convenient connections to US Highway 23, Highway 3, and Interstate 71 (via 5th or 11th Avenue) make this a prime location.
The parcel currently consists of three brick single-family homes, all vacant and in need of substantial renovation. In 2025, the City of Columbus rezoned this area to UTC (Urban Center Mixed-Use), opening the door for transformative redevelopment. This zoning designation supports walkable, mixed-use projects with attached and detached structures of varying heights, including medium high-rise buildings. Minimal setbacks and parking requirements enable high-density development opportunities—ideal for retail, commercial, or multifamily concepts. See Zoning documents in the document section ( MLS ) or Due Diligence section ( CREXI)
Additional highlights:
Situated on the COTA bus line with direct access to downtown, Italian Village, Milo-Grogan, and South Linden.
Boarded and secured structures; Drive-by recommended before scheduling.
Financing terms: Conventional financing required. The lender may require $200,000 down payment.
This property presents a rare opportunity to capitalize on the momentum of ongoing redevelopment in one of Columbus's most strategically located urban corridors.
Location
State OH
County Franklin
Community Milo-Grogan Area
Area 0.12
Zoning UCT
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 010-038199
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Joseph C Jackson Keller Williams Capital Ptnrs
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