- For Sale $2,750,000
- Property Type Other
- Property Size 34,848 SF
- Lot Size 2.81 Acre
- Property Tenancy Single Tenant
- Building Class B
- Year Built 1984
- Year Renovated 2014
- Date Updated May 5, 2026
Description
Located in one of Columbus’s most accessible and high-demand corridors, 441 Ackerman Rd places investors at the doorstep of The Ohio State University, just off State Route 315. The property offers unmatched proximity to major demand drivers, including OSU’s main campus, the Schottenstein Center, and Ohio Stadium—all within walking distance—making it an ideal location for capturing year-round university traffic, events, and business travel.This high-profile hotel ground lease offers a strong long-term investment with a base term running through 2049 and five-year extension options available through 2079. The Red Roof property is currently undergoing a $3 million renovation and includes 113 total rooms situated on 2.81 acres. The lease features 10% rental increases every five years and benefits from its close proximity to The Ohio State University.
Highlights
- $3M Renovation by Red Roof Underway
- 1% to Cooperating Broker
- 10% Rental Increases Every 5 Years
- 113 Total Rooms
- 5-Year Options Through 2079
- Absolute Net, No Landlord Responsibilities
- Base Term Through 2049
- Close Proximity to The Ohio State University
- High-Profile Hotel Ground Lease For Sale
- Parcel ID: 010-294268, 010-294269
- Situated on 2.81 Acres
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Contacts
Michael Simpson
NAI Ohio Equities
Location
Located at 441 Ackerman Rd, Columbus, OH 43202, this property is part of the OSU Campus neighborhood and Columbus market.
Contact Listing Broker
Michael Simpson
NAI Ohio Equities
