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    140 Mansfield Ave Shelby, OH 44875

    Sponsored
    For Sale
    $1,150,000

    Prime location, adaptive reuse potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1150,000 USD commercial property, located at 140 Mansfield Ave. in Shelby, Ohio, presents a unique investment opportunity. Boasting a rich history as a former grocery store and retail center, this building offers significant potential for adaptive reuse. The spacious interior layout provides ample flexibility for a diverse range of businesses. Imagine transforming this established space into a vibrant hub for creative offices, a specialty retail destination, or another innovative enterprise. The property's convenient location ensures high visibility and accessibility, attracting a steady stream of potential customers. Ample on-site parking further enhances its appeal, providing convenience for both employees and patrons. This is a rare chance to acquire a substantial commercial property in a desirable location, ready for its next chapter. The property is situated on a 0-acre lot. Serious inquiries are encouraged to explore the possibilities this remarkable building offers. The seller is a licensed broker. Further details regarding pricing and specifics are available upon request.

    Property Features for 140 Mansfield Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelby
    County
    Richland County
    State
    Ohio
    Longitude
    -82.64891
    Latitude
    40.87209

    Nearby Comparable

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    Nearby Similar for Sale

    • $995,000
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      Family Dollar Investment Opportunity

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      17 Mansfield Ave, Shelby, OH
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    • Contact for pricing
      39,637 SF

      Shelby Commercial Gem: 39,637 SF

      Historic Shelby building, adaptive reuse potential.
      140 Mansfield Ave, Shelby, OH 44875
      View Details
    • Contact for pricing

      Downtown Shelby Commercial Lot

      Prime 0.34-acre lot, endless potential.
      108 Main St, Shelby, OH 44875
      View Details
    • $1,150,000
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      Shelby Ohio Retail Center

      High-traffic, vacant shopping center
      140 Mansfield Ave, Shelby, OH 44875
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime location, adaptive reuse potential.
    Where is this commercial real estate located?
    The property is located at 140 Mansfield Ave Shelby, OH.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (419) 683-3100
    Request Owner's contact information
    140 Mansfield Ave Shelby, OH 44875
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    Shelby, OH 44875
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    Realmo Value Estimation

    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.

    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.

    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
    140 Mansfield Ave Shelby, OH 44875
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