147 Market StWooster, OH 44691

Property Details for 147 Market St

Year built

1881

Lot size

0.12 AC

Property size (Sq ft)

16,500 SF

Property type

Retail space

APN

64-02027-000

APU

6402027000

Description

This exceptional 3,108-square-foot commercial property, located at 147 S Market St in Wooster, Ohio, presents a unique opportunity for businesses seeking a vibrant downtown location. Built in 1881 and renovated in 2008, this single-tenant space is ideal for retail, office, or restaurant use. The property boasts a prominent street-facing storefront, perfect for maximizing visibility and attracting customers. The tenant is responsible for rent, utilities, and a monthly fee covering taxes, insurance, and common area maintenance (CAM). A new storefront is planned for installation, enhancing the property's curb appeal. The building does not include elevators. For businesses requiring build-to-suit (BTS) options, discussions are possible. This property offers a blend of historic charm and modern functionality, situated in the thriving heart of Wooster's downtown area, providing excellent access to local amenities and a strong customer base. The zip code is 44691. This is a rare chance to secure a well-positioned commercial space in a desirable Ohio location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,686,670

  6.5%

  $3,403,080

  7%

  $3,160,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,605,150

  Geo Method

  $1,605,150

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,743,400

  Mixed-Use / Specialty

  $3,347,690

  Hospitality / Lodging

  $2,399,780

  Office

  $3,282,750

  Institutional / Educational

  $3,464,790

  Residential Income

  $4,053,810

  Multifamily

  $5,101,730

  Automotive / Energy

  $2,969,820

  Parking / Income-Based Land

  $1,067,590

  Restaurant / Food Service

  $1,648,840

  Healthcare / Senior Housing

  $3,477,360

Location Insight

City

Wooster

County

Wayne

State

Ohio

Latitude

40.7972

Longitude

-81.9401

CBSA code

49300

CBSA name

WOOSTER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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