221 Main StRockford, OH 45882
- Retail properties
- 548 SF
Property Details for 221 Main St
- Year built
- 1964
- Property size (Sq ft)
- 548 SF
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 02-16-152-007
- APU
- 216152007
Description
This exceptional commercial property at 221 N Main Street, Rockford, OH presents a unique investment opportunity. The 548 square foot building sits on a 0.1-acre lot and is currently operating as a well-established seasonal business. The business employs 12-16 part-time employees each season, demonstrating strong operational capacity and potential for continued growth. Recent improvements significantly enhance the property's value and functionality. These upgrades include the installation of new air conditioning units in both the main store and the office space, as well as the addition of a stainless steel freezer and topping rail. This demonstrates a commitment to maintaining and improving the property's operational efficiency. The asking price of $288,750 is for the building and land only
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $154,575
- 6.5%
- $142,684
- 7%
- $132,493
-
Comparable approach
- Method
- Valuation
- Relative Method
- $27,191
- Geo Method
- $27,191
-
Alternative Use
- Use
- Valuation
- Residential
- $120,360
- Hospitality
- $110,249
- Educational
- $91,726
- Medical
- $94,880
- Retail
- $142,684
Location Insight
- City
- Rockford
- County
- Mercer
- State
- Ohio
- Latitude
- 40.6934
- Longitude
- -84.6467
- CBSA code
- 16380
- CBSA name
- CELINA, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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