1140 Main StUrbana, OH 43078

Property Details for 1140 Main St

Year built

1965

Lot size

0.26 AC

Property size (Sq ft)

2,280 SF

Property type

Industrial properties

Property subtype

Flex space

APN

K48-25-00-04-06-008-00

APU

K482500040600800

Description

This exceptional commercial property, located at 1140 N Main Street, Urbana, OH, presents a lucrative investment opportunity. Situated on a full acre comprised of four parcels along busy US Highway 68, this M1-zoned property boasts high traffic counts, ideal for a variety of businesses. The property includes three buildings totaling 9,120 square feet. The main building at 1140 N Main Street, encompassing 4,800 square feet, is currently leased to an auto repair business. An adjacent 2,280-square-foot Quonset hut at 1142 N Main Street is also leased to the same tenant. Both buildings at 1140 and 1142 generate a combined monthly rental income of $2,250. A separate 2,040-square-foot building at 1146 N Main Street, leased as an auto body shop, provides an additional $450 in monthly rental income. Permitted uses include car lots, auto repair, manufacturing, warehousing, and office space. Conditionally permitted uses include restaurants, childcare facilities, storage, and non-commercial recreation. The 4,800 sq ft building at 1140 N Main Street features two newer furnaces and two air compressors. This property offers the unique opportunity to operate your own business while leveraging existing rental income streams, or to lease all buildings individually for maximum return. The possibilities are vast. Priced at $725,000.

• Alternative Use

  Use

  Valuation

  Residential

  $500,766

  Hospitality

  $458,699

  Educational

  $381,632

  Medical

  $394,757

  Retail

  $593,650

Location Insight

City

Urbana

County

Champaign

State

Ohio

Latitude

40.1243

Longitude

-83.7499

CBSA code

46500

CBSA name

URBANA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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