Property profile

125 Main St Urbana, OH 43078

OFF-MARKET
Retail space
Property ID
US66-4345095
2,139 SF 0.05 ac lot Built 1900
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Home Decor Store Department Store

Location

125 Main St Urbana, OH 43078-1601
Urbana metro Census 10500 URBANA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2022
Last sale
$290,000
3 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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