Five-Story Mixed-Use Commercial
1010 Race Street Cincinnati, OH 45202
1010 Race Street, Cincinnati, OH, 45202
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For Sale
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Renovated building with first-floor retail and flexible work-live/office space above, offering multiple kitchens and bath setups.
Property Size10,000 SF
Price / SF$165
Days on Market204
Property Features for 1010 Race Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Land
Building Details
- Year Built
- 1880
Listing agency
Keller Williams Seven Hills Re
Listed by
Leticia Martinez
Source
Crexi
Added: Dec 29, 2025 Updated: Jul 10 at 3:59PM Checked: Jul 20 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Seven Hills Re
Investment Insights
Based on property information with market context.
This renovated five-story commercial building is designed for flexible occupancy, with retail on the first floor and office and/or work-live loft space on the upper levels. The building is approximately 10,000 square feet in total, with roughly 2,000 square feet per floor, and each level includes its own kitchen. Restrooms are distributed by floor: floors 1, 2, and 4 feature two half baths, while floors 3 and 5 offer one full and one-half bath. Floors 1 through 3 are currently vacant, giving an owner the option to reposition, lease, or occupy as individual levels.
The property is positioned in downtown Cincinnati, described in the offering as right at the edge of OTR. The immediate setting is characterized by surrounding dining, entertainment, and urban amenities, supporting tenant interest from retail users on the ground level through office or creative users above. For occupancy planning, the building supports both multi-floor control and level-by-level availability.
For investors and owner-occupants, the flexible zoning and mixed retail/office configuration can accommodate a range of work-from-home businesses, creative studios, or open-concept office setups. With multiple independently planned levels and kitchens, it may also suit operators looking for dedicated in-unit functionality by floor. Floors 1–3 are available for lease at $2,400 per month per floor, providing a starting point for phased leasing.
The property is positioned in downtown Cincinnati, described in the offering as right at the edge of OTR. The immediate setting is characterized by surrounding dining, entertainment, and urban amenities, supporting tenant interest from retail users on the ground level through office or creative users above. For occupancy planning, the building supports both multi-floor control and level-by-level availability.
For investors and owner-occupants, the flexible zoning and mixed retail/office configuration can accommodate a range of work-from-home businesses, creative studios, or open-concept office setups. With multiple independently planned levels and kitchens, it may also suit operators looking for dedicated in-unit functionality by floor. Floors 1–3 are available for lease at $2,400 per month per floor, providing a starting point for phased leasing.
Key Highlights
- Renovated 5‑story commercial building in Downtown Cincinnati near OTR, zoned for flexible use.
- About 10,000 sq ft total (~2,000 sq ft per floor), with first‑floor retail and office/work‑live loft options above.
- Each floor includes its own kitchen; floors 1, 2, and 4 have two half baths each.
Local Financial Insights For Mixed Use
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 | $216.0k | $21.60 |
| − Vacancy | −$21.6k | −$2.16 |
| EGI | $194.4k | $19.44 |
| − OpEx | −$72.9k | −$7.29 |
| NOI | $121.5k | $12.15 |
10,000 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,500 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$1.71M
$1.49M – $1.99M
NOI $119,351 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,150 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Framester - The Photobooth, Unboxed
Photography Service
Artologe Studio
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Renovated building with first-floor retail and flexible work-live/office space above, offering multiple kitchens and bath setups.
Where is this live-work space located?
The property is located at 1010 Race Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Renovated 5‑story commercial building in Downtown Cincinnati near OTR, zoned for flexible use.; About 10,000 sq ft total (~2,000 sq ft per floor), with first‑floor retail and office/work‑live loft options above.; Each floor includes its own kitchen; floors 1, 2, and 4 have two half baths each.
