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    1041 Park Ave West Mansfield, OH 44906

    For Sale
    $985,000

    Commercial - Mansfield, OH

    Property size:
    9,600 SF
    Lot size:
    1.07 Acres
    Days on Market:
    200
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 1041 Park Ave West

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0270206210000, 0270208711000, 0270208712
    Size
    9,600 SF
    Lot size
    1.07 Acres

    Utilities

    Heating system
    Central, Natural Gas, See Remarks (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Built-Up
    Architectural style
    Other

    Red 1 Realty (614) 585-9020

    Listing agent Michael Seveigny (614) 585-9020

    Listing date May 30, 2025

    MLS# 9060590 Listing URL

    Copyright © 2025 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mansfield Retail Landmark For Sale

    This commercial property, a Mansfield landmark, is available for sale and is located on the "Miricle Mile" in the heart of Mansfield's retail district. The all-block building features four leasable spaces, with three currently fully leased. The property is situated minutes from Downtown Mansfield, I-71, St Rt 30, St Rt 13, and Mansfield Airport. It includes a fully equipped Chinese restaurant. The lot size is 1.07 acres and provides ample parking with over 60 spaces. The building has 9,600 square feet of living area. With 260 feet of road frontage, the property benefits from high visibility, with approximately 19,000 cars passing by daily. The property includes a billboard with no current lease, offering the new owner the opportunity to negotiate a new lease for immediate income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Empress Express Chinese Restaurant Med Gear Plus Medical Equipment Supplier Smokin Bros BBQ ... Barbecue Restaurant dwewr44 Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5704453
    Latitude
    40.7595224

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    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped restaurant and retail spaces in prime location.
    Where is this conventional restaurant located?
    The property is located at 1041 Park Ave West Mansfield, OH.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Fully equipped Chinese restaurant space available for lease.; - Located on the 'Miracle Mile' in Mansfield's retail district with high visibility (260' road frontage).; - High traffic count: approximately 19,000 cars pass by daily.
    (614) 585-9020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1041 Park Ave West Mansfield, OH 44906
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