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    Main St Rockford, OH 45882

    Sponsored
    For Sale
    $105,000

    Downtown Rockford retail space with upside potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a unique blend of established income and significant upside potential. Located at 0 S Main Street, Unit 0, in the vibrant city of Rockford, Ohio, this retail property offers a compelling package for discerning investors. The ground floor is currently leased to an established business operating under a state-permitted lease, ensuring a consistent revenue stream. The tenant intends to continue their lease, providing immediate and ongoing rental income. Above the retail space lies an unfinished apartment, presenting a blank canvas for the new owner. While some work has already been completed in the upstairs apartment, there remains considerable scope for customization and value enhancement. The new owner can create a valuable residential unit, potentially increasing the overall return on investment. To respect the current tenant's operations, showings are conveniently scheduled after 4:00 PM daily, or after noon on Saturdays and Sundays. This property offers a rare combination of immediate income generation and future development possibilities, making it an attractive proposition for investors seeking a strong return in a desirable location. The property is zoned for retail use and the existing lease is in place. The size of the property is not specified, but the ground floor is currently occupied by a business. The asking price for this promising investment is $105,000.

    Property Features for Main St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1800
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Rockford
    County
    Mercer
    State
    Ohio
    Longitude
    -84.64639
    Latitude
    40.69154

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Downtown Rockford retail space with upside potential.
    Where is this retail property located?
    The property is located at Main St Rockford, OH.
    What is the asking price?
    The asking price for this property is $105,000.
    (419) 586-2313
    Request Owner's contact information
    Main St Rockford, OH 45882
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    Rockford, OH 45882
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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
    Main St Rockford, OH 45882
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