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    211 Main St Cortland, OH 44410

    For Sale
    $119,900

    Prime Cortland location, mixed-use building, great income potential.

    Property size:
    3,840 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, located at 211 W Main Street W Unit 211-211A in the heart of downtown Cortland, Ohio, presents a compelling investment opportunity. Situated on a 0.07-acre lot at the corner of West Main Street and South Bank Street, this building offers 3,840 square feet of space. The first floor, zoned S-1 Service District, comprises approximately 1,638 square feet of vacant commercial/retail space, providing immediate potential for lease income. The second floor features two residential apartments: a one-bedroom, one-bathroom unit currently renting for $425 per month, and a two-bedroom, one-bathroom unit renting for $495 per month. The first floor has one bathroom. Access to the first floor is via a front entrance on West Main Street and a rear entrance/exit leading to a gravel parking lot accessible from South Bank Street. Tenants utilize the rear parking lot. The apartments are accessed via a rear walk-up stairwell. Tenants are responsible for their own baseboard electric costs. The condition of the roof is unknown. Note that any income or expense projections are unconfirmed. This property offers a unique blend of commercial and residential income streams in a desirable downtown location. The vacant commercial space presents a chance to customize and lease to a tenant that complements the existing residential occupancy. This is an excellent opportunity for an investor seeking a property with immediate income and significant upside potential.

    Property Features for 211 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,840 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1941
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.72912
    Latitude
    41.32992

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Cortland location, mixed-use building, great income potential.
    Where is this mixed-use property located?
    The property is located at 211 Main St Cortland, OH.
    What is the asking price?
    The asking price for this property is $119,900.
    (330) 392-3700
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    211 Main St Cortland, OH 44410
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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
    211 Main St Cortland, OH 44410
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