Historic Downtown Restaurant
221 N Main Street Bellefontaine, OH 43311
221 N Main Street, Bellefontaine, OH, 43311
$495,000
For Sale
$495,000
COMMERCIAL - Bellefontaine, OH
Property Size8,700 SF
Lot Size0.56 Acres
Price / SF$56.90
Days on Market713
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
- Forced Air, Natural Gas
Building Details
- Year built
- 1945
- Building materials
- Brick
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: Aug 5, 2024 Checked: Jul 18 at 4:06 pm
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.
Investment Insights
Based on property information with market context.
This historic Elks Building presents an 8,700-square-foot facility configured to support a range of commercial uses. The property includes a large commercial kitchen with two walk-in coolers, making it well suited for catering, food service concepts, or event-oriented operations. The second floor offers flexible space that can be repurposed for uses such as bridal suites, artist studios, or co-working, depending on the buyer’s vision.
The building is located at 221 N Main Street in Bellefontaine, Ohio, within the Downtown setting. A paved parking lot is included, along with a second parcel in the rear that can provide additional parking capacity.
Zoned B2 Downtown Business District, the property is positioned for businesses that want to operate within a downtown commercial framework. Prospective owners should review available materials from the current owner, including reported floor plans and renderings, to understand layout options and next-step redevelopment considerations for the main floor and second-floor space.
The building is located at 221 N Main Street in Bellefontaine, Ohio, within the Downtown setting. A paved parking lot is included, along with a second parcel in the rear that can provide additional parking capacity.
Zoned B2 Downtown Business District, the property is positioned for businesses that want to operate within a downtown commercial framework. Prospective owners should review available materials from the current owner, including reported floor plans and renderings, to understand layout options and next-step redevelopment considerations for the main floor and second-floor space.
Key Highlights
- Historic Elks Building built in 1945 with brick construction
- 8,700 SF building with zoning B2 Downtown Business District
- Large commercial kitchen with two walk‑in coolers
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dixon Firm
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Historic Elks building with a large commercial kitchen and paved parking, offered in the B2 Downtown Business District.
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: Historic Elks Building built in 1945 with brick construction; 8,700 SF building with zoning B2 Downtown Business District; Large commercial kitchen with two walk‑in coolers
