557 Main StAkron, OH 44310

Property Details for 557 Main St

Year built

1988

Construction

FRAME

Lot size

0.45 AC

Property size (Sq ft)

4,210 SF

Property type

Medical offices

Property subtype

Medical centers

APN

68-54365

APU

6854365

Description

This 4,210 square foot Class C office building, located at 557 N Main St, Akron, OH 44310, presents a unique opportunity. Currently vacant, this adaptable space is ideal for a variety of uses, including medical and traditional office settings. Its prime location between North Hill and Cascade Valley, just outside of Downtown Akron, ensures high visibility and accessibility on a busy street. The property boasts ample parking for staff and clients, adding to its convenience. Inside, the layout includes a spacious waiting area, a welcoming front office/reception area, nine former exam rooms (perfect for medical practices or adaptable to other uses), five additional private offices, a convenient breakroom, and five restrooms. The building is fully sprinklered for enhanced safety and is ADA compliant, ensuring accessibility for all. Further enhancing its appeal is prominent street signage on N Main Street. A fully functional basement adds additional storage or expansion potential. This well-maintained property offers a compelling combination of location, features, and versatility, making it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $907,398

  6.5%

  $837,599

  7%

  $777,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,803

  Geo Method

  $393,803

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,720,590

  Retail / Commercial

  $868,302

  Mixed-Use / Specialty

  $854,169

  Hospitality / Lodging

  $612,307

  Institutional / Educational

  $884,047

  Residential Income

  $1,034,330

  Multifamily

  $1,301,710

  Automotive / Energy

  $757,755

  Parking / Income-Based Land

  $272,397

  Restaurant / Food Service

  $420,704

  Healthcare / Senior Housing

  $887,253

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.1003

Longitude

-81.5107

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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