This paper deals with the development of a realistic shape optimization of damaged columns that are subjected to conservative and non-conservative forces, using the Genetic Algorithm (GA). The analysis is based on the design of the most optimized shape of the column under the constraint of constant weight, considering the Static, Vibrational, and Flutter characteristics. Under the action of conservative and non-conservative longitudinal forces, an elastic column loses its stability. A numerical analysis based on FEM has been performed on a uniform damaged column, to compute the fundamental buckling load, vibration frequency, and flutter load, under various end restraints. An optimization search based on the Genetic Algorithm is then executed, to find the optimal shape design of the column. The optimized column references the one having the highest buckling load, highest vibration frequency, and highest flutter load, among all the possible shapes of the column, for a given volume. A comparison is then made between the values obtained for the optimized damaged column, and those obtained for the optimized undamaged column. The comparison reveals that the incorporation of damage in the column alters its optimal shape to only a certain extent. Also, the critical load and frequency values for the optimized damaged column are comparatively low, compared with those obtained for the optimized undamaged column. However, these results hold true only for moderate-intensity damage cases. For high intensity damage, the optimal shape may not remain the same, and may vary, according to the severity of damage.