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    16531 State Route 3 Loudonville, OH 44842

    For Sale
    $265,000

    1.69 Acres, 3660 sq ft, Great Potential

    Property size:
    3,660 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional mixed-use property in Loudonville, Ohio, presents a unique investment opportunity. Situated on 1.69 acres of land, the 3,660 square foot building offers versatile space ideal for a variety of commercial ventures or even a live/work arrangement. Currently operating as a dry goods wholesale store, the property boasts a well and septic system, ample gravel parking, and central air conditioning. The building is thoughtfully divided: one half functions as a warehouse, while the other half comprises a storefront, a newly renovated bathroom, and a dedicated office space. The location just outside of Loudonville offers easy access to the Mohican area, providing a blend of rural tranquility and convenient access to amenities. The existing infrastructure, including the well and septic, eliminates significant upfront costs. This property is perfect for entrepreneurs seeking a ready-to-use space to launch or expand their business, or for investors looking for a strong return on investment. The expansive acreage provides ample room for future expansion or development, making it a truly versatile and promising property with endless possibilities. The combination of existing building improvements and the substantial land area makes this a rare find in the Loudonville market.

    Property Features for 16531 State Route 3

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,660 SF
    Lot Size
    73,616 SF

    Building Details

    Year Built
    1971
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Loudonville
    County
    Holmes
    State
    Ohio
    Longitude
    -82.21505
    Latitude
    40.64256

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    FAQs

    What type of property is this?
    Mixed-use property - 1.69 Acres, 3660 sq ft, Great Potential
    Where is this mixed-use property located?
    The property is located at 16531 State Route 3 Loudonville, OH.
    What is the asking price?
    The asking price for this property is $265,000.
    (419) 920-4100
    Request Owner's contact information
    16531 State Route 3 Loudonville, OH 44842
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    Loudonville, OH 44842
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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
    16531 State Route 3 Loudonville, OH 44842
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