221 N Main StBellefontaine, OH 43311

  • Specialty properties
  • 8,730 SF
For Sale
$495,000 View listing

Property Details for 221 N Main St

Year built
1945
Lot size
0.56 AC
Property size (Sq ft)
8,730 SF
Property type
Specialty properties
Property subtype
Other specialty properties
APN
17-091-12-15-014-000
APU
170911215014000

Description

This iconic 8,700-square-foot building, located at 221 N Main Street in the heart of Bellefontaine, Ohio, presents a unique investment opportunity. Situated on a 0.56-acre lot, this property boasts exceptional visibility and accessibility, being steps away from a variety of amenities including Airbnbs, restaurants, coffee shops, and retail stores. The building itself retains its historic charm, featuring architectural details that reflect its rich past. A paved parking lot is included, along with a second parcel at the rear offering additional parking. The property includes a large commercial kitchen, complete with two walk-in coolers, ideal for catering, culinary businesses, or a restaurant. The second floor offers significant potential for adaptive reuse, with possibilities including bridal suites, artist studios, or co-working spaces. The B2 Downtown Business District zoning allows for a variety of commercial uses. The building's prime location within Bellefontaine's revitalizing downtown area offers a blend of small-town charm and big-city energy. This versatile space is perfect for hosting events, from weddings and parties to corporate gatherings. Existing floor plans and renderings from the current owner are available upon request. This is a chance to acquire a piece of Bellefontaine's history and transform it into a thriving commercial enterprise. The asking price is $495,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,383,846
    Hospitality
    $1,267,596
    Educational
    $1,054,625
    Medical
    $1,090,895
    Retail
    $1,640,527
221 N Main St, Bellefontaine, Ohio

Location Insight

City
Bellefontaine
County
Logan
State
Ohio
Latitude
40.3635
Longitude
-83.76
CBSA code
13340
CBSA name
BELLEFONTAINE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,861
$27,090
$91,080
$118,170
-
$77,390
$260,220
$337,610

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