1227 Cleveland Avenue, Columbus, OH 43201
$500,000
Property Type:
Commercial
Square Footage:
4,200
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$500,000
List Date:
9/09/2025
Last Modified:
2/18/2026
Overview
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.
Listing Details MLS# 225034124
Location Property Info
- Original List Price
- 550000
- Property Sub Type
- Mixed Use
- Street #
- 1227
- Street Name
- Cleveland
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43201
- Subdiv/Cmplx/Comm
- Milo-Grogan Area
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2025-09-09
General Property Info
- Total SqFt Available
- 4200
- Bldg Sq Ft
- 4200
- Max Cont Sqft Avail
- 1600
- # of Floors Above Gr
- 2
- Total Parking
- 6
- Year Built Status
- 1937
- Year Built
- 1937
- Use Code
- 520 - 2-FAM DWELL:PLATTED LOT
- Lot Size (Side)
- 175
- Acreage
- 0.12
- Minimum Sqft Avail
- 0
- # of Docks
- 0
Tax Info
- Parcel #
- 010-038199
- Zoning
- UCT
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 010-271372
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 2684.18
Expenses
- R.E. Taxes
- 3017
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 119.05
- City (Mailing Addr)
- Columbus
- Dist To Interchange
- 1
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- 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.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Water Available
- Yes
Heat Type
- Forced Air
- Yes
Electric
- Single Phase
- Yes
New Financing
- Conventional
- Yes
Business Type
- Farm
- Yes
- Financial
- Yes
- Multi-Family
- Yes
- Professional/Office
- Yes
- Retail
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Heat Fuel:
Gas
Heat Type:
Forced Air
Electric:
Single Phase
Water Source:
Public
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Water Available
Construction:
Brick
Business Type:
Farm; Financial; Multi-Family; Professional/Office; Retail
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Keller Williams Capital Ptnrs
Listing Agent:
Joseph C Jackson
Last Updated: February - 18 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.