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$ 300,000
Est. payment | /mo
3,572 SqFt
$ 300,000
Est. payment | /mo
3,572 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,572 sqft
Price per Sqft $83
MLS Listing ID 226001559
Year Built 1900
Annual Tax Amount $2,336
Lot Size 1,742 Sqft
Lot Dimensions 0.04
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Turn-key, income-producing mixed-use property offering strong cash flow and a solid 9.0% cap rate. This fully leased two-unit building features a street-level commercial storefront paired with a second-floor residential apartment, making it an ideal opportunity for investors seeking stable, diversified income. The commercial space is currently leased at $1,200 per month, while the upper-level apartment generates $1,450 per month, for a total gross annual income of $31,800. With modest operating expenses and an annual NOI of $27,084, this property delivers reliable performance from day one. Both units are occupied under existing leases, providing immediate cash flow and minimizing vacancy risk. The highly visible Main Street location enhances long-term desirability for the commercial tenant while maintaining strong rental demand for the residential unit above. Whether you are expanding your portfolio, seeking a hands-off investment, or targeting a stabilized asset with upside potential, this property represents a compelling opportunity at an attractive price point. Offered at $300,000 — invest with confidence in a fully leased, mixed-use asset with proven returns.
Location
State OH
County Champaign
Area 0.04
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Others
Tax ID K48-25-00-03-19-115-00
Acceptable Financing Conventional
Listing Terms Conventional
Listed by John Crain Howard Hanna Real Estate Srvcs
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Dave Culbertson
Broker / Grandpa | Lic# 2006006388