1900 Ikea Way — Sale in Columbus, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Columbus, OH 43240

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Description

This 4.2± acre site is in a prominent location just off I-71, in front of IKEA between two signalized intersections. Located along the Gemini Place/IKEA Way corridor. This corridor is the east/west connector for the trade area and is less densely populated and trafficked than Polaris Parkway to the south. It offers great visibility with over 31,000 vehicles passing the site per day. The site is minutes from Polaris Fashion Place, one of Columbus, Ohio's top super regional malls. The center has over 2 million square feet of national retailers and restaurants and catering to affluent shoppers. The corridor contains over 4.6 million square feet of retail GLA. The subject property represents a unique opportunity to purchase land in the Gemini Place/ IKEA Way continuously emerging corridor

Market Context

This retail in Columbus, OH is listed for sale. Compare it against other retail listings for sale in Columbus, OH — view the full market.

As of Q1 2026, the Columbus retail market showed a 3.3% vacancy rate, average asking rents near $20.87/SF/yr, rents up 5.4% year over year, and cap rates around 8.3%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Columbus?
About 8.3% as of Q1 2026, per Matthews.
Is the Columbus retail market tightening or softening?
Vacancy is around 3.3%, with asking rents rising year over year (Q1 2026).

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