Historic Elks Building
221 N Main Street, Bellefontaine, OH 43311
COMMERCIAL - Bellefontaine, OH
Property size:
8,700 SFLot size:
0.56 AcresPrice / SF:
$56/SF- Added:
- Aug 5, 2024
- Days on Market:
- 667
- Last Refresh:
- Jun 2 at 3:06 am
Property Features for 221 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Basement
- Full
- Standard status
- Active
- APN
- 170911215014000
- Size
- 8,700 SF
- Lot size
- 0.56 Acres
Taxes and HOA fees
- Tax Year
- 2023
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1945
- Building materials
- Brick
Listing agent Heidi Baker License #2018000866 (937) 935-2450
Listing office Bell Hankins Realty Group, LLC 9296 Carey Road, West Liberty, OH (937) 935-2450
Listing date Aug 5, 2024
MLS# 1033511
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.
HighLights
- Prime downtown location with high visibility and accessibility.
- Large 8,700 sq ft historic building showcasing unique architectural details and 'Old Elks Charm'.
- Includes a paved parking lot and a second parcel for additional parking.
- Large commercial kitchen featuring two walk‑in coolers, ideal for catering or restaurant use.
- Versatile second floor space is ideal for bridal suites, studios, or co‑working spaces.
- Zoned B2 Downtown Business District, supporting a variety of commercial uses.
Overview
Located in Downtown Bellefontaine, this 8,700-square-foot building offers a prime opportunity. The property is near Airbnb accommodations, restaurants, coffee shops, and retail stores. The building retains its original architectural details. It includes a paved parking lot, plus a second parcel in the rear for additional parking space. The large commercial kitchen is suited for catering events, culinary ventures, or a trendy eatery, and includes two walk-in coolers. The second floor could be transformed into bridal suites, artist studios, or co-working spaces. This space is ready to host weddings, parties, or corporate gatherings. The property is zoned B2 Downtown Business District. The lot size is 0.56 acres.
Local Financial Insights For Specialty Retail
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 | $51.2k | $5.88 |
| − Vacancy | −$1.8k | −$0.21 |
| EGI | $49.3k | $5.67 |
| − OpEx | −$12.3k | −$1.42 |
| NOI | $37.0k | $4.25 |
8,700 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$528.5K
$462.4K – $616.6K
NOI $36,993 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$510.7K
$446.9K – $595.8K
NOI $35,750 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,933 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Dixon Firm
Law Firm
Location Insight
- Map
- Local Demand
- City
- Bellefontaine
- County
- Logan
- State
- Ohio
- Longitude
- -83.759879
- Latitude
- 40.363459
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Iconic 8,700 SF building in Downtown Bellefontaine.
Where is this storefront property located?
The property is located at 221 N Main Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime downtown location with high visibility and accessibility.; Large 8,700 sq ft historic building showcasing unique architectural details and 'Old Elks Charm'.; Includes a paved parking lot and a second parcel for additional parking.
