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    144 W Liberty Street Wooster, OH 44691

    View on Map
    For Sale
    $2,000,000

    SINGLE_FAMILY - Wooster, OH

    Type:Retail
    Lot size:
    0.30 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    259
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 144 W Liberty Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Rooms
    Basement
    Parking
    8
    Parking features
    Parking Lot, On Street
    Security features
    Security
    Standard status
    Active
    APN
    64-01724.00
    Lot size
    0.30 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    11951

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Roof type
    Flat

    We can help!

    Listing Contact
    Lauren B Mingay
    Lauren B Mingay

    Listing agent Lauren B Mingay License #2006002318

    Listing office RE/MAX Showcase 343 Milltown Rd Suite D, Wooster, OH

    Listing date Jul 17, 2025

    MLS# 5140087

    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.

    Overview

    Wooster Multi-Use Commercial Property

    Located in the heart of historic downtown Wooster, this three-story commercial property offers a mix of income-producing spaces and modern amenities. The main floor features a fully operational restaurant and bar, benefiting from high visibility and consistent foot traffic. The second floor is currently used as a banquet facility and has a pending new liquor license, increasing its potential for private events and receptions. The third floor includes two established Airbnb units, providing consistent revenue and access to a private rooftop patio. The property includes an elevator serving all levels, a full basement with a convenient ramp for deliveries or storage, and a private parking lot. The property sits on a 0.3-acre lot. This location is suited for investors, restaurateurs, or hospitality entrepreneurs looking to own a landmark location with multiple revenue streams in one of Wooster's most vibrant districts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spoon Bar & Deli Restaurant The Excelsior Room Wedding Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Grigio Wine & Cocktail Bar — 211 S Market St, Wooster, OH 44691
    • Harmonee Dj Sound & Light Show — 373 W South St, Wooster, OH 44691
    • Roosterton Bar & Grill — 415 N Grant St, Wooster, OH 44691
    • H2 Huth & Harris Wine Merchants — 211 S Market St, Wooster, OH 44691
    • The City Square Steakhouse — 148 S Market St, Wooster, OH 44691

    Location Insight

    • Map
    • Local Demand
    City
    Wooster
    County
    Wayne
    State
    Ohio
    Longitude
    -81.94109
    Latitude
    40.797642

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    FAQs

    What type of property is this?
    Bar & Pub - Premier investment opportunity in historic downtown Wooster with multiple revenue streams.
    Where is this bar & pub located?
    The property is located at 144 W Liberty Street Wooster, OH.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime downtown location in historic Wooster with high visibility and foot traffic.; Multiple income streams: restaurant/bar, banquet facility (pending liquor license), and two established Airbnb units.; Rare private parking lot in the downtown area.
    (330) 464-7520
    We can help!
    Listing Contact
    Lauren B Mingay
    Lauren B Mingay
    Real Estate License ID: 2006002318
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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