Historic Post Office
201 W Chillicothe Avenue Bellefontaine, OH 43311
201 W Chillicothe Avenue, Bellefontaine, OH, 43311
$350,000
For Sale
$350,000
COMMERCIAL - Bellefontaine, OH
Property Size4,872 SF
Lot Size0.33 Acres
Price / SF$71.84
Days on Market674
Property Features for 201 W Chillicothe Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Basement
- Block, Full
- Standard status
- Active
- APN
- 170911601004000
- Size
- 4,872 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2023
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1900
- Building materials
- Stone
Listing Agency
Bell Hankins Realty Group, LLC
(937) 935-2450
9296 Carey Road, West Liberty, OH
Listed by
Heidi Baker · License #2018000866
(937) 935-2450
Added: Sep 13, 2024 Checked: Jul 18 at 4:06 pm
MLS# 1034367
Copyright © 2026 West Metro Board 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.
Investment Insights
Based on property information with market context.
Built in 1914, this historic post office features durable grey Ohio sandstone construction with prominent architectural character throughout. The building offers tall ceilings and large windows designed to bring substantial natural light into an indoor space of approximately 4,800 square feet, along with intricate iron work and ornate moldings. Updates include a new Duralast roof installed in 2017 and new and updated windows, supporting both preservation and ongoing usability. The site covers 0.33 acres.
Located at 201 W Chillicothe Avenue in downtown Bellefontaine, the property is surrounded by restaurants and specialty retail. A public city parking lot is within walking distance, providing convenient access for visitors and customers.
With its versatile layout and prominent presence, the Historic Post Office can accommodate a range of commercial concepts, including a boutique hotel, restaurant, or art gallery. The combination of historic details, daylighting from large window areas, and recent exterior improvements makes it a practical fit for an operator or owner seeking a distinctive, adaptable downtown facility.
Located at 201 W Chillicothe Avenue in downtown Bellefontaine, the property is surrounded by restaurants and specialty retail. A public city parking lot is within walking distance, providing convenient access for visitors and customers.
With its versatile layout and prominent presence, the Historic Post Office can accommodate a range of commercial concepts, including a boutique hotel, restaurant, or art gallery. The combination of historic details, daylighting from large window areas, and recent exterior improvements makes it a practical fit for an operator or owner seeking a distinctive, adaptable downtown facility.
Key Highlights
- Historic Landmark: Iconic 1914 Post Office building with impressive architectural details.
- Versatile 4,800 sq ft Space: Ideal for boutique hotel, upscale restaurant, or art gallery.
- Prime Downtown Location: Excellent visibility in a vibrant area near restaurants and retail.
Local Financial Insights For Hotel Hospitality
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 | $73.1k | $15.00 |
| − Vacancy | −$11.0k | −$2.25 |
| EGI | $62.1k | $12.75 |
| − OpEx | −$32.6k | −$6.69 |
| NOI | $29.5k | $6.06 |
4,872 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$421.5K
$368.8K – $491.8K
NOI $29,506 @ 7.0% cap · market cap 8.43%
Second Best
Specialty Retail
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$983.5K
$860.5K – $1.15M
NOI $68,843 @ 7.0% cap · market cap 19.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Wren's Florist & Greenhouse — 500 E Columbus Ave, Bellefontaine, OH 43311
- Dorcey's Flowers — 300 S Main St, Bellefontaine, OH 43311
FAQs
What type of property is this?
Storefront property - A restored 1914 sandstone building with updated roofing and large windows, offering flexible space in downtown Bellefontaine.
Where is this storefront property located?
The property is located at 201 W Chillicothe Avenue Bellefontaine, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Historic Landmark: Iconic 1914 Post Office building with impressive architectural details.; Versatile 4,800 sq ft Space: Ideal for boutique hotel, upscale restaurant, or art gallery.; Prime Downtown Location: Excellent visibility in a vibrant area near restaurants and retail.
