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    Creative Space in Walnut Hills Title is generated by Realmo AI

    1050 E McMillan St, Cincinnati, OH

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    7,058 SF creative space in historic Walnut Hills.

    Type:OFFICE
    Property size:
    7,058 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $212/SF
    Added:
    Nov 4, 2025
    Days on Market:
    222
    Last Refresh:
    May 20 at 9:34 pm

    Property Features for 1050 E McMillan St

    General Information

    Standard status
    Active
    Size
    7,058 SF
    Lot size
    0.05 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Erick Blenk
    Erick Blenk

    Listing agent Erick Blenk

    Listing office Comey & Shepherd Realtors | Hyde Park

    Listing date Nov 4, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Comey & Shepherd Realtors | Hyde Park

    HighLights

    • High profile location in Walnut Hills renaissance.
    • 7,058 sq ft of expansive, creative ready space.
    • Nine dedicated parking spaces.
    • Convenient bay door for seamless logistics.
    • Structure steeped in history.
    • Unique opportunity to be part of Walnut Hills exciting renaissance.

    Overview

    This 7,058 square foot property is positioned at a high-profile intersection in Walnut Hills. The building offers expansive, creative-ready space within a structure steeped in history. It includes nine dedicated parking spaces and a convenient bay door, providing seamless logistics for a variety of businesses. This property offers an opportunity to be part of Walnut Hills' renaissance.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $145.7k $20.64
    − Vacancy −$33.4k −$4.73
    EGI $112.3k $15.91
    − OpEx −$28.1k −$3.98
    NOI $84.2k $11.94
    7,058 SF · lease $20.64/SF/yr · vacancy 22.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $84,238 @ 7.0% cap · market cap 5.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.40M
    $1.23M – $1.64M (±1% cap)
    NOI $98,212 @ 7.0% cap · market cap 6.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arrasmith and Associates, Inc. Photography Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.4864
    Latitude
    39.1259

    FAQs

    What type of property is this?
    Creative space - 7,058 SF creative space in historic Walnut Hills.
    Where is this creative space located?
    The property is located at 1050 E McMillan St Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High profile location in Walnut Hills renaissance.; 7,058 sq ft of expansive, creative ready space.; Nine dedicated parking spaces.
    (513) 218-3287 Call to check price and availability
    More about this property
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