125 Main St, Urbana, OH 43078-1601
This exceptional commercial property, encompassing 8,556 square feet, presents a rare opportunity to acquire a piece of Urbana's rich history. Located at 125 N Main Street and 111 E Court Street, this three-story building boasts a prime downtown location within the designated DORA (Designated Outdoor Refreshment Area). The ground floor currently houses a thriving retail tenant under lease, providing immediate income potential. The upper two floors offer expansive, open floor plans, ripe for creative redevelopment and customization to suit a variety of commercial uses. The substantial square footage allows for flexibility in design and layout, catering to diverse business needs. With its prominent Main Street address and proximity to other businesses, this property offers excellent visibility and accessibility. The 0.05-acre lot provides ample space for potential future expansion or outdoor amenities. This is an unparalleled chance to invest in a well-situated, historically significant commercial building with significant upside potential. The property's existing lease provides a stable income stream while the upper floors offer a blank canvas for future development. Don't miss this chance to own a piece of Urbana's vibrant downtown.
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Martin Insurance Agency Insurance Agency
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Lily's Garden Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.