5 Main StMadison, OH 44057

Property Details for 5 Main St

Year built

1966

Lot size

0.37 AC

Property size (Sq ft)

1,247 SF

Zone code

GBUS

Property type

Retail properties

Property subtype

Other commercial kitchens

APN

02-A-006-B-00-003-0

APU

02A006B000030

Description

This exceptional 1,250 square foot free-standing retail building presents a unique investment opportunity in the vibrant heart of Madison Village, Ohio. Located at 5 E Main Street, this property boasts excellent visibility and ample parking, accommodating approximately 15 vehicles. Previously occupied by a Domino's Pizza, the building offers a ready-made space for a variety of retail businesses, benefiting from its established location and high foot traffic. The 0.4-acre lot provides significant space for customer parking and potential future expansion. The building's prime location within Madison Village ensures easy access for customers and excellent exposure to the local community. This is an ideal opportunity for an entrepreneur seeking a well-situated, established retail space with significant potential for growth. The asking price of $299,000 reflects the exceptional value and potential return on investment this property offers. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront costs and allowing for a swift transition into business operations. Don't miss this chance to secure a thriving retail space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $329,773

  6.5%

  $304,406

  7%

  $282,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $293,944

  Geo Method

  $293,944

• Alternative Use

  Use

  Valuation

  Residential

  $256,778

  Hospitality

  $235,207

  Educational

  $195,689

  Medical

  $202,419

  Retail

  $304,406

Location Insight

City

Madison

County

Lake

State

Ohio

Latitude

41.772

Longitude

-81.0468

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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