Creative Office Building with Bay
1050 E McMillan Street Cincinnati, OH 45206
For Sale
$1,390,000
For sale creative-ready office building with nine dedicated parking spaces and a convenient bay door for loading.
Property Size7,058 SF
Price / SF$196.94
Days on Market296
Property Features for 1050 E McMillan Street
General Information
- Standard status
- Active
- Size
- 7,058 SF
- Property subtype
- Office
Building Details
- Year Built
- 1900
Listing Agency:
Comey & Shepherd
(513) 321-4343
Listed By:
Erick Blenk
Source:
Xome
Added: Oct 1, 2025
Changed: Jul 23
Last Checked: Jul 23 at 12:43PM
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
Investment Insights
Based on property information with market context.
This for-sale creative office building offers approximately 7,058 square feet of adaptable, creative-ready space within an existing structure. The property includes nine dedicated parking spaces and a convenient bay door designed to support day-to-day logistics.
The building is positioned at a high-profile intersection. Public remarks also note nearby vacant lots and anticipated change in the surrounding area, aligning with continued interest in the Walnut Hills corridor.
With on-site parking and a bay door, the layout is suited for businesses that value straightforward access for staff and deliveries while operating from a dedicated office facility at a prominent intersection.
The building is positioned at a high-profile intersection. Public remarks also note nearby vacant lots and anticipated change in the surrounding area, aligning with continued interest in the Walnut Hills corridor.
With on-site parking and a bay door, the layout is suited for businesses that value straightforward access for staff and deliveries while operating from a dedicated office facility at a prominent intersection.
Key Highlights
- Creative‑ready office building totaling 7,058 sq ft
- Nine dedicated parking spaces plus a convenient bay door for loading
- Central Air cooling and gas heating
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
NOI $84,238 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,212 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Arrasmith and Associates, Inc.
Photography Service
FAQs
What type of property is this?
Creative space - For sale creative-ready office building with nine dedicated parking spaces and a convenient bay door for loading.
Where is this creative space located?
The property is located at 1050 E McMillan Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Creative‑ready office building totaling 7,058 sq ft; Nine dedicated parking spaces plus a convenient bay door for loading; Central Air cooling and gas heating
