144 Main StBellefontaine, OH 43311

Property Details for 144 Main St

Year built

1910

Lot size

0.16 AC

Property size (Sq ft)

6,380 SF

Property type

Retail properties

Property subtype

Retail space

APN

17-091-12-25-008-000

APU

170911225008000

Description

This exceptional commercial property, located at 144 S Main Street in Bellefontaine, Ohio, presents a unique investment opportunity. The Canby Building, a three-story landmark structure, boasts approximately 19,000 square feet of space, including a full basement and mezzanine. Each floor offers approximately 6,000 square feet of adaptable space, perfect for a variety of commercial uses. Situated on a prime corner lot at the intersection of Main and Chillicothe Streets, this building benefits from high visibility and foot traffic in Bellefontaine's thriving downtown area. The property underwent significant renovations in 2014, encompassing a new roof, storefront glass and doors, upper floor window replacements, extensive tuckpointing, and repairs to the terra cotta tile. These updates preserve the building's historic charm while ensuring modern functionality and efficiency. Its central location provides easy access to award-winning restaurants and unique retail shops, creating a vibrant and attractive environment for businesses. The Canby Building offers immense potential for a discerning investor seeking a prominent presence in Bellefontaine's bustling downtown core. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,298,829

  6.5%

  $1,198,919

  7%

  $1,113,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,503,899

  Geo Method

  $1,503,899

• Alternative Use

  Use

  Valuation

  Residential

  $1,011,333

  Hospitality

  $926,376

  Educational

  $770,734

  Medical

  $797,240

  Retail

  $1,198,919

Location Insight

City

Bellefontaine

County

Logan

State

Ohio

Latitude

40.3599

Longitude

-83.7602

CBSA code

13340

CBSA name

BELLEFONTAINE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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