Flex Space with Shop and
For Sale
$349,000
1107 Melchoir Place SW, Canton, OH 44707
CommercialSale, Canton, OH
Property Size9,100 SF
Lot Size0.36 Acres
Price / SF$38.35
Days on Market1118
Property Features for 1107 Melchoir Place SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial - Light
Subdivision
Canton City
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
Tuscarawas to south on Schroyer Ave. SW to east on Melchoir Pl SW. Property is on the corner of Melchoir Place SW and Cook Ave. SW.
Standard status
Active
APN
00245906
Size
9,100 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
5273,5274,5275 WH EA
Tax Annual Amount
5953
Legal Description
5273,5274,5275 WH EA
Building Details
Year built
1994
Floors in Building
2
Number of units
2
Listing Agency:
Cutler Real Estate
(330) 492-7230
Listed By:
Michael C Boylan · License #443636
(330) 704-5945
Added: Oct 9, 2023
Changed: Oct 12
Last Checked: Oct 30 at 6:06AM
MLS# 4495865
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property comprises two adjacent buildings totaling 9,100 square feet. The 6,300-square-foot building at 1107 Melchoir Place SW combines 3,912 square feet of shop area with 2,388 square feet of office space. Shop improvements include six rooms, a half bath, slop sink area, fenced rear access, and varied ceiling heights. The office component includes a lobby, three offices, a kitchen area, storage, and a bathroom with shower. Electrical service was updated in 2020 and includes 600 amps.
The 2,800-square-foot building at 806 Cook Ave. SW is a heated and air-conditioned warehouse with an open layout, 12-foot ceiling, 10-inch concrete floors, floor drain, sink, restroom, two man doors, and a 10' x 16' overhead door. It also has 3-phase 240/480 electric service. Both buildings are zoned I-1, or light industrial. The Melchoir Place building is vacant, while the Cook Avenue warehouse is leased month-to-month.
The 2,800-square-foot building at 806 Cook Ave. SW is a heated and air-conditioned warehouse with an open layout, 12-foot ceiling, 10-inch concrete floors, floor drain, sink, restroom, two man doors, and a 10' x 16' overhead door. It also has 3-phase 240/480 electric service. Both buildings are zoned I-1, or light industrial. The Melchoir Place building is vacant, while the Cook Avenue warehouse is leased month-to-month.
Key Highlights
- Two adjacent buildings totaling 9,100 square feet
- 6,300‑square‑foot shop and office building with 3,912 SF of shop area and 2,388 SF of offices
- 2,800‑square‑foot heated and air‑conditioned warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,745
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,900
$614.9K
Cap Rate 7%
$439,214
$439.2K
Cap Rate 9%
$341,611
$341.6K
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$44.7K $4.91/SF
− Vacancy
−$760 −$0.08/SF
EGI
$43.9K $4.83/SF
− OpEx
−$13.2K −$1.45/SF
NOI
$30.7K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,900
Cap Rate 7%
$439,214
Cap Rate 9%
$341,611
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,951 @ 7.0% cap · market cap 31.50%
Second Best
Warehouse
$533.3K
$466.7K – $622.2K
NOI $37,333 @ 7.0% cap · market cap 10.70%
Theoretical Best
Retail
$2.38M
$2.08M – $2.77M
NOI $166,314 @ 7.0% cap · market cap 47.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 44707, OH
9,163
Population
4,209
Households
2.2
Avg Household Size
36
Median Age
7%
College-Educated
81%
High-School Grad
15.3 sq mi
ZIP Area
599
Density / Sq Mi
$38,983
Median Household Income
$31,111
Median Earnings
$704
Median Rent
$106,900
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two-building light industrial property combining shop, office, and conditioned warehouse areas.
Where is this flex space located?
The property is located at 1107 Melchoir Place SW Canton, OH.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two adjacent buildings totaling 9,100 square feet; 6,300‑square‑foot shop and office building with 3,912 SF of shop area and 2,388 SF of offices; 2,800‑square‑foot heated and air‑conditioned warehouse
