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    112 Mansfield St Bucyrus, OH 44820

    For Sale
    $899,000

    Profitable Multi-Unit Property with Bar

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a unique blend of history and modern updates. Located at 112 W Mansfield St, Bucyrus, OH, this property boasts 45 rentable rooms, with over half currently occupied, ensuring immediate cash flow. The building's rich history as Al Capone's former hideout adds significant character and appeal. Recent renovations include a new roof (installed in 2023) and upgraded electrical systems, demonstrating a commitment to both preservation and functionality. The property also features a large, fenced outdoor patio, perfect for tenant gatherings or outdoor events. Inside, you'll find a well-equipped pool room and a kitchen area currently serving a popular breakfast menu, offering further revenue streams. The original lobby retains the charm of its boarding house origins, adding to the property's unique ambiance. The property includes valuable D5 & D6 liquor licenses and vendor licenses, providing significant operational advantages. This turnkey operation offers a rare chance to acquire a profitable, historically significant multi-unit property with established income and significant upside potential. Note that no environmental tests have been conducted. The property is offered at $899,000. This is a truly remarkable opportunity for a savvy investor seeking a high-return, historically significant asset.

    Property Features for 112 Mansfield St

    General Information

    Property type
    Residential income properties

    Building Details

    Year Built
    1916
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crawford County Prosecuting ... Attorney Crawford County Municipal ... County Government Office Crawford County Common ... County Court Crawford County Treasurer Tax Department Emergency Management Agency County Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bucyrus
    County
    Crawford County
    State
    Ohio
    Longitude
    -82.97679
    Latitude
    40.80889

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    FAQs

    What type of property is this?
    Residential income property - Profitable Multi-Unit Property with Bar
    Where is this residential income property located?
    The property is located at 112 Mansfield St Bucyrus, OH.
    What is the asking price?
    The asking price for this property is $899,000.
    (419) 562-7900
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    112 Mansfield St Bucyrus, OH 44820
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    Bucyrus, OH 44820
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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
    112 Mansfield St Bucyrus, OH 44820
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