Nobody wants to buy this $5 million basket-shaped building in Ohio

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Potential buyers are apparently electing not to put all their dollars in one basket-shaped office building. This unique property near Newark, Ohio, is having a hard time moving off the market, according to Bloomberg.

The former headquarters of the basket-making Longaberger Company, the building is something of a landmark in the Newark area, which is about 40 miles outside of Columbus. The 180,000-square-foot building is famous for looking just like an enormous basket — specifically, like the company's best-selling Medium Market Basket.

"You might see it three or four miles off before you come around the bend, and then you say, 'That is a basket. That is unquestionably a basket,'" Tom Rochon, who works for Longaberger's holding company JRJR Networks, told Bloomberg.

It was completed in 1997 at the behest of founder Dave Longaberger. Inside, it has a marble entryway and a seven-story atrium.

See the bizarre structure:

Basket-shaped building
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Basket-shaped building
Dave DeFeo stands in front of the Longaberger building Tuesday, Sept. 27, 2005 in Newark, Ohio. Chief Executive Officer of Longaberger Co., the nation's largest handmade basket maker, Tami Longaberger said DeFeo helped instill financial discipline during his two years with the company. DeFeo decided the commute between his home in New Jersey and Longaberger's Ohio operations was too difficult for him, the company said in a statement announcing the changes. (AP Photo/Kiichiro Sato)
Ohio, Newark, Seven Story Basket-Shaped Headquarters Of Longaberger Handcrafted Baskets. (Photo by: Jeff Greenberg/UIG via Getty Images)
Ohio, Frazeysburg, Longaberger Homestead, Worlds Largest Apple Basket, 20 Ft, High. (Photo by: Jeff Greenberg/UIG via Getty Images)

Since Longaberger moved out of the building and condensed operations in a nearby factory, it has been looking to offload the structure. There's just one problem: it's a gigantic wicker basket.

Originally listed for $7.5 million about 18 months ago, it's now for sale for $5 million. At about $28 per square foot, that's a steal compared to similar buildings in the area, which typically go for $50 to $80 a square foot.

Apart from the abnormal exterior, the building is apparently quite normal.

"There's nothing baskety inside," Rochon said. "Nothing makes you feel like it's in a basket. You feel like you're in a nice, high-rise office building."

However, there are some downsides. The paint is peeling due to the heating used to prevent snow build-up, the location isn't all that desirable, and creating a new facade isn't feasible. Michael Guagenti of Cushman & Wakefield, who is listing the property, has his work cut out for him.

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