Columbus · Commercial sale
Mercantile Apartments buys 309 S Fourth St in Columbus for $8.4 million
A mixed-use building at 309 S Fourth St, Columbus sold for $8,400,000 on September 1, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $8,400,000
- Sold
- September 1, 2026
- Property type
- Mixed-use building
- Building area
- 57,590 sq ft
- Price per sq ft
- $146
A mixed-use building at 309 S Fourth St in Columbus sold for $8,400,000 on September 1, 2026, a price 61% above its market value on record of $5,212,300. The sale figure comes from the Franklin County Auditor's conveyance records, and the market value from the Auditor's records.
The record lists Mercantile Condominiums LLC as the seller and Mercantile Apartments LLC as the buyer. The deed conveys 2 parcels, and 309 S Fourth St is the largest one identified.
The Franklin County Auditor's records show 57,590 square feet of building area on an 11,420-square-foot lot. At that size, the price works out to $146 per square foot.
An aerial photo of the property shows that it sits at a street corner, with shops and offices around it.
What this sale costs to close
What does closing cost at this price? Under Franklin County custom the seller's larger charges are $26,335 for the owner's title insurance policy and $25,200 for the real property conveyance fee (state $1 + county permissive $2 per $1,000). The seller's estimated net is $8,263,840 before brokerage commissions and any loan payoff. A cash buyer would need about $8,316,154 at closing.
Source: Franklin County Auditor, Daily Conveyances, document 260014155. Property details: Franklin County Auditor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
