Canton Commercial Property For
For Sale
$399,000
1107 Melchoir Place SW, Canton, OH 44707
COMMERCIAL - Canton, OH
Property Size9,100 SF
Lot Size0.36 Acres
Price / SF$43.85
Days on Market1029
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: Apr 15
Last Checked: Aug 2 at 12:06AM
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.
Investment Insights
Based on property information with market context.
Two adjacent buildings, totaling 9,100 square feet, are available. The properties are zoned I-1 (Light Industrial). One building, located at 1107 Melchoir Place SW, offers 6,300 square feet of shop and office space. The shop area, encompassing 3,912 square feet, includes six rooms. Room 1 measures 40'x22' with a 9' ceiling and a man door to the front. Room 2 is 30'x30' with a 12' ceiling and an 8' overhead door with opener. Room 3 is 30'x27' with an 11' ceiling. Room 4 is 30'x37' and has a man door to the fenced-in back area with security lights. Room 5 measures 26' x42' and has a nature stone floor. Room 6 is 35'x25' with a 9' ceiling, a compressor, and a man door. The shop area also features a half bath and a slop sink. The 2,388-square-foot office area includes a 25'x12' first-floor lobby. The second floor has three offices, a bath with shower, and a storage area. Office 1 is 30'x26' and includes a kitchen area with oak cabinetry and a 12'x40' storage area. The other two offices measure 25'x12' and 15'x10'. Electrical was updated in 2020, and the building has 600-amp electrical service. The second building, located at 806 Cook Ave. SW, provides 2,800 square feet of heated and air-conditioned warehouse space. This open space has a 12' ceiling, one 10'x16' overhead door with opener, 3-phase 240/480 electric, 10-inch concrete floors, a floor drain, two man doors, a sink, and a large restroom. The property is situated on 0.36 acres. 1107 Melchoir is vacant and 806 Cook is currently leased on a month-to-month basis for $1700 per month.
Key Highlights
- Two adjacent buildings totaling 9,100 sf with I‑1 (Light Industrial) zoning.
- 6,300 sf of shop & office space (1107 Melchoir Place SW) with updated electrical (2020) and 600‑amp service.
- 2,800 sf heated & air‑conditioned warehouse space (806 Cook Ave. SW) with 3‑phase 240/480 electric and 10'x16' OH door.**
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.7k | $4.91 |
| − Vacancy | −$760 | −$0.08 |
| EGI | $43.9k | $4.83 |
| − OpEx | −$13.2k | −$1.45 |
| NOI | $30.7k | $3.38 |
9,100 SF · lease $4.91/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$533.3K
$466.7K – $622.2K
NOI $37,333 @ 7.0% cap · market cap 9.36%
Second Best
Industrial
$439.2K
$384.3K – $512.4K
NOI $30,745 @ 7.0% cap · market cap 7.71%
Theoretical Best
Retail
$2.38M
$2.08M – $2.77M
NOI $166,314 @ 7.0% cap · market cap 41.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two buildings totaling 9,100 SF on 0.36 acres.
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 $399,000.
What are key features of this property?
This property features: Two adjacent buildings totaling 9,100 sf with I‑1 (Light Industrial) zoning.; 6,300 sf of shop & office space (1107 Melchoir Place SW) with updated electrical (2020) and 600‑amp service.; 2,800 sf heated & air‑conditioned warehouse space (806 Cook Ave. SW) with 3‑phase 240/480 electric and 10'x16' OH door.**
