$9,500,000

Estimated payment $53,293/month

Total Views 4,186
-- Bed
-- Bath
44,336 Sq Ft
$214 Price per Sq Ft

Highlights

  • Roof Mounted Cooling System
  • Home Security System
  • Forced Air Heating System

About This Home

The Mercantile is a fully refurbished historical building featuring original exposed timber beams and top of the line architectural features throughout. Boasting total of 41 units, 5 of which are luxury penthouses (with gas appliances) and 3 commercial units. The landmark building includes 2 elevators, front lobby reception, underground storage, fitness center, cutting edge security features, a rooftop that can be developed into iconic retail space or additional tenant amenities and parking lot including 30 spaces. Standard finishes include quartz counters, stainless appliance packages, in-unit laundry, wood floors, and LED backlit mirrors. 100% property tax abatement in place until 2034. 3 total parcels included in sale, one of the parcels can be developed as mid rise building. Property flyer attached with additional buildings specs. Agents please see A2A for additional info

Listing Agent

Roxy Ponce

Red 1 Realty License #2020006941 Listed on: 11/14/2025

Co-Listing Agent

Jeff Sheu

Red 1 Realty License #2017006002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,866

Year Built

  • Built in 1902

Home Design

  • 44,336 Sq Ft Home
  • Brick Exterior Construction

Parking

  • 30 Parking Spaces
  • Assigned Parking

Utilities

  • Roof Mounted Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Washer and Dryer Hookup
  • 0.26 Acre Lot

Community Details

  • 41 Units
  • Mid-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 010-044614

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,866

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1902
  • Tax Year: 2024
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.26
  • Co List Office Mls Id: 10910
  • Co List Office Phone: 614-585-9020
  • Co List Office Phone: 614-585-9020
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 214.27
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 44336.0
  • General Property Info # of Buildings: 1.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Water4: Yes
  • Miscellaneous Security System3: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: The Mercantile is a fully refurbished historical building featuring original exposed timber beams and top of the line architectural features throughout. Boasting total of 41 units, 5 of which are luxury penthouses (with gas appliances) and 3 commercial units. The landmark building includes 2 elevators, front lobby reception, underground storage, fitness center, cutting edge security features, a rooftop that can be developed into iconic retail space or additional tenant amenities and parking lot including 30 spaces. Standard finishes include quartz counters, stainless appliance packages, in-unit laundry, wood floors, and LED backlit mirrors. 100% property tax abatement in place until 2034. 3 total parcels included in sale, one of the parcels can be developed as mid rise building. Property flyer attached with additional buildings specs. Agents please see A2A for additional info
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 30.0
  • Parking Features Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Rooftop
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-044614
  • Lot Size Sq Ft: 11325.6
  • Additional Parcels Description: 010-286240-00 & 010-044130-00

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 41

Tax Info

  • Tax Annual Amount: 39866.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $39,866 $1,824,320 $159,850 $1,664,470
2023 $39,236 $1,824,320 $159,850 $1,664,470
2022 $32,062 $1,717,740 $49,390 $1,668,350
2021 $32,199 $1,717,740 $49,390 $1,668,350
2020 $31,978 $1,717,740 $49,390 $1,668,350
2019 $33,739 $1,561,610 $44,910 $1,516,700
2018 $29,026 $329,150 $44,910 $284,240
2017 $27,078 $329,150 $44,910 $284,240
2016 $49,978 $574,290 $45,820 $528,470
2015 $31,029 $384,030 $45,820 $338,210
2014 $31,015 $384,030 $45,820 $338,210
2013 $26,161 $653,765 $51,345 $602,420
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $9,500,000 -- $214 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed $1,800,000 Land And Mortgage Title Box
Warranty Deed $1,124,100 Stewart Title Agency
Deed $4,800,000 --
Deed $665,000 --
Source: Public Records

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225043059

Columbus and Central Ohio Regional MLS

APN: 010-044614