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    140 Mansfield Ave Shelby, OH 44875

    Sponsored
    For Sale
    Contact for pricing

    Historic Shelby building, adaptive reuse potential.

    Property size:
    39,637 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This expansive 39,637 square foot commercial property, located at 140 Mansfield Avenue in Shelby, Ohio, presents a unique investment opportunity. Situated on a 1.94-acre lot, this building boasts a rich history as a former grocery store and retail center, offering significant potential for adaptive reuse. The spacious layout is well-suited for a variety of commercial ventures. Imagine transforming this space into a state-of-the-art indoor pickleball facility, a vibrant entertainment zone, a creative office complex, or a unique specialty retail establishment. The possibilities are virtually limitless. The property's convenient location and ample on-site parking provide significant advantages for attracting customers and employees. This is a rare chance to acquire a substantial commercial property in a desirable location with a proven track record. The existing infrastructure provides a solid foundation for a variety of uses, minimizing initial investment costs. Furthermore, a carryout license and Sunday sales permit are available with the property, adding further value and flexibility for potential buyers. This property is ready for its next chapter, offering a blend of history and potential for future success. Don't miss this exceptional opportunity to own a piece of Shelby's commercial landscape.

    Property Features for 140 Mansfield Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    39,637 SF
    Lot Size
    84,506 SF

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelby
    County
    Richland
    State
    Ohio
    Longitude
    -82.64891
    Latitude
    40.87209

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Shelby building, adaptive reuse potential.
    Where is this commercial real estate located?
    The property is located at 140 Mansfield Ave Shelby, OH.
    (419) 683-3100
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    140 Mansfield Ave Shelby, OH 44875
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    Shelby, OH 44875
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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
    140 Mansfield Ave Shelby, OH 44875
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