1227 Cleveland Ave 4,200 SF Office Building Columbus, OH 43201 $500,000 ($119.05/SF)

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 or Due Diligence section. 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.