241 Main StUrbana, OH 43078

Property Details for 241 Main St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

2,046 SF

Property type

Retail space

APN

K48-25-00-03-19-113-00

APU

K482500031911300

Description

This exceptional retail property at 241 N Main Street, Urbana, OH 43078, presents a unique investment opportunity. The 6,000 square foot building, situated on a 0.05-acre lot and conveniently located near State Route 68, offers three levels of versatile space ideal for a variety of businesses. Previously occupied by Volume Salon, the property is move-in ready and boasts ample room for customization to suit individual business needs. The building's prime location in the thriving downtown Urbana area ensures high visibility and accessibility to a large customer base. Adding to its appeal is a four-bedroom apartment located above the retail space, providing a consistent stream of rental income. The property's APN is K48-25-00-03-19-113-00. This is a rare chance to acquire a substantial retail space with significant income potential in a desirable downtown location. The property's multi-level design and existing apartment unit offer flexibility and diverse revenue streams. Don't miss this opportunity to establish your business in a vibrant and growing community. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $577,116

  6.5%

  $532,723

  7%

  $494,671

• Comparable approach

  Method

  Valuation

  Relative Method

  $101,520

  Geo Method

  $101,520

• Alternative Use

  Use

  Valuation

  Residential

  $449,372

  Hospitality

  $411,622

  Educational

  $342,465

  Medical

  $354,243

  Retail

  $532,723

Location Insight

City

Urbana

County

Champaign

State

Ohio

Latitude

40.1101

Longitude

-83.752

CBSA code

46500

CBSA name

URBANA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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