12 Main StWakeman, OH 44889

Property Details for 12 Main St

Year built

1947

Lot size

0.25 AC

Property size (Sq ft)

1,300 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

50-055A-06-020-0100

APU

50055A060200100

Description

This exceptional 2,617 sq ft mixed-use building presents a rare opportunity in downtown Wakeman, OH. The property boasts a prime location on W Main Street and includes a spacious 0.27-acre lot with a large fenced-in area, ideal for various income-generating ventures such as a flea market, vehicle storage (boats, cars, trucks), or other outdoor commercial uses. The main building features a 2-bedroom apartment complete with a full kitchen, living room, and appliances, providing valuable residential space. The commercial space is versatile and currently includes an indoor car storage area and a mechanical shop equipped with a car lift, along with an attached 18x18 building offering additional options. A portion of the building previously served as a hair salon, easily adaptable for offices, retail, or other businesses. The property benefits from a newer roof and other recent upgrades. The heated building also includes two half-baths and one full bath. This well-maintained property offers significant potential for diverse commercial and residential income streams, making it a truly unique investment opportunity. The possibilities are extensive, and this property is ready for a new owner to capitalize on its many advantages.

• CAP approach

  CAP return

  Valuation

  6%

  $359,938

  6.5%

  $332,251

  7%

  $308,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $306,437

  Geo Method

  $306,437

• Alternative Use

  Use

  Valuation

  Residential

  $280,266

  Hospitality

  $256,722

  Educational

  $213,590

  Medical

  $220,935

  Retail

  $332,251

Location Insight

City

Wakeman

County

Huron

State

Ohio

Latitude

41.2549

Longitude

-82.4025

CBSA code

35940

CBSA name

NORWALK, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].