212 Market StMinerva, OH 44657

Property Details for 212 Market St

Year built

1920

Construction

FRAME

Lot size

0.05 AC

Property size (Sq ft)

4,160 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

42-00170

APU

4200170

Description

This exceptional mixed-use property at 212 N Market Street, Minerva, OH, presents a compelling investment opportunity. The 4,160 square foot building sits on a 0.05-acre lot in the heart of downtown Minerva and offers a blend of commercial and residential spaces, generating multiple income streams. The commercial space includes two units. The first, located at 210 N Market Street, is a large, open storefront with a half bathroom, perfect for a variety of businesses. The second unit, at 212 N Market Street, features a full bathroom and convenient rear alley access. The residential component comprises two apartments. The front apartment is a one-bedroom unit with hardwood floors, an updated full bathroom, a closet with built-in storage, a dedicated hot water heater, and electric heating. The rear apartment is larger, offering two bedrooms, a full bathroom, two separate living areas, a kitchen, and efficient gas furnace heating. The property's flat roof was resealed in 2023, minimizing future maintenance needs. This meticulously maintained building showcases downtown Minerva's architectural charm and presents a rare chance to acquire a profitable and versatile property in a thriving location. Priced at $149,900, this is an opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $791,137

  6.5%

  $730,280

  7%

  $678,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $389,126

  Geo Method

  $389,126

• Alternative Use

  Use

  Valuation

  Residential

  $905,547

  Hospitality

  $829,477

  Educational

  $690,115

  Medical

  $713,849

  Retail

  $1,073,512

Location Insight

City

Minerva

County

Stark

State

Ohio

Latitude

40.7293

Longitude

-81.1039

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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