Creative Space in Walnut
1050 E McMillan St Cincinnati, OH
1050 E McMillan St, Cincinnati, OH, 00000
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For Sale
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7,058 SF creative space in historic Walnut Hills.
Property Size7,058 SF
Lot Size0.05 Acres
Price / SF$212.52
Days on Market260
Property Features for 1050 E McMillan St
General Information
- Standard status
- Active
- Size
- 7,058 SF
- Lot size
- 0.05 Acres
- Property subtype
- OFFICE
Listing agency
Comey & Shepherd Realtors | Hyde Park
(513) 218-3287
Listed by
Erick Blenk
(513) 218-3287
Source
Moodyscre
Added: Nov 4, 2025 Updated: Jul 6 at 10:49AM Checked: Jul 21 at 10:19PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High profile location in Walnut Hills renaissance.
- 7,058 sq ft of expansive, creative ready space.
- Nine dedicated parking spaces.
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
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
NOI $98,212 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Arrasmith and Associates, Inc.
Photography Service
Similar For Sale Nearby
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.
