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    Property profile & analytics
    OFF-MARKET
    Retail space

    125 Main St, Urbana, OH 43078-1601

    2,139 SF 0.05 ac lot Built 1900
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US66-4345095
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 2,139 SF
    Lot 0.05 ac (2,134 SF)
    APN K48-25-00-03-19-055-00
    UPID US66-4345095
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Martin Insurance Agency Insurance Agency
    • Lily's Garden Home Decor Store Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Melissa F Mcguffey · 3 yrs held
    Melissa F Mcguffey
    since 2022
    Last sale
    $290,000
    3 recorded transactions
    2022
    2022
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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