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    531 Main St Niles, OH 44446

    For Sale
    $69,900

    Vacant lot, owner financing available. Prime Niles location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a vacant 0.19-acre lot ideally situated on North Main Street in the vibrant city of Niles, Ohio. Priced affordably at $69,900, this mixed-use property offers significant potential for a variety of development projects. The property's location on Main Street ensures high visibility and accessibility, making it an attractive prospect for businesses seeking a prominent presence in the community. The vacant nature of the lot allows for complete design flexibility, catering to diverse development plans. Furthermore, the availability of owner financing makes this an even more compelling proposition for prospective buyers, simplifying the acquisition process and potentially reducing upfront capital requirements. This presents a rare chance to acquire a strategically located parcel in a thriving area, offering substantial returns on investment for the discerning developer or investor. The property's zoning and permitted uses should be independently verified by the prospective buyer. Don't miss this opportunity to secure a prime piece of Niles real estate. Serious inquiries only.

    Property Features for 531 Main St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    8,276 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.76463
    Latitude
    41.18705

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    FAQs

    What type of property is this?
    Mixed-use property - Vacant lot, owner financing available. Prime Niles location.
    Where is this mixed-use property located?
    The property is located at 531 Main St Niles, OH.
    What is the asking price?
    The asking price for this property is $69,900.
    (330) 793-4200
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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
    531 Main St Niles, OH 44446
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