Multi-Suite Restaurant
For Sale
$985,000
1041 Park Avenue W, Mansfield, OH 44906
Business Service,Food & Beverage,Franchise,Medical/Dental,Professional/Office,Professional Service,Retail,Wholesale, Mansfield, OH
Property SizeContact for details
Lot Size1.07 Acres
Days on Market292
Property Features for 1041 Park Avenue W
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Park Ave West, Just West of Trimble Rd.
Subdivision
Richland
Standard status
Active
APN
0270206210000, 0270208711000, 0270208712
Lot size
1.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
8829 W PT 102 X 185 X 1041 PARK AVE WEST
Tax Annual Amount
3427
Legal Description
8829 W PT 102 X 185 X 1041 PARK AVE WEST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1980
Roof type
Built-Up
Buildings
1
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Michael Seveigny
(419) 545-7800
Added: Jan 13
Changed: Oct 31
Last Checked: Nov 1 at 8:06PM
MLS# 9070263
Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant property sits on 1.07 acres and contains a block building with four leasable spaces. One space is a fully equipped Chinese restaurant, and three of the four spaces are leased. The building was constructed in 1980 and has a built-up roof, natural gas heating, and public sewer service.
The property has 260 feet of road frontage and on-site parking for over 60 vehicles. Approximately 19,000 cars pass daily. The site is in Mansfield’s retail district, minutes from downtown Mansfield, I-71, State Route 30, State Route 13, and Mansfield Airport. A billboard is also on the property; its lease status allows a new owner to negotiate a lease.
The property has 260 feet of road frontage and on-site parking for over 60 vehicles. Approximately 19,000 cars pass daily. The site is in Mansfield’s retail district, minutes from downtown Mansfield, I-71, State Route 30, State Route 13, and Mansfield Airport. A billboard is also on the property; its lease status allows a new owner to negotiate a lease.
Key Highlights
- Four leasable spaces, with three currently leased
- Fully equipped Chinese restaurant
- 1.07‑acre property with a block building
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
19,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44906, OH
16,566
Population
8,613
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
19.5 sq mi
ZIP Area
850
Density / Sq Mi
$51,358
Median Household Income
$36,087
Median Earnings
$783
Median Rent
$127,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A fully equipped Chinese restaurant occupies one of four leasable spaces in a multi-tenant building.
Where is this conventional restaurant located?
The property is located at 1041 Park Avenue W Mansfield, OH.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Four leasable spaces, with three currently leased; Fully equipped Chinese restaurant; 1.07‑acre property with a block building
