Freestanding Corner Retail
116 Ainsworth St Lodi, OH 44254
For Sale
Contact for pricing
Single-story retail building with abundant on-site parking on a highly visible corner, with potential for subdivision.
Property Size10,788 SF
Price / SF$90.38
Days on Market105
Property Features for 116 Ainsworth St
General Information
Standard status
Active
Size
10,788 SF
Property subtype
RETAIL
Listing Agency:
Gerspacher Real Estate Group
(412) 956-0066
Listed By:
Emily Faust · License #SAL.2021003573
(412) 956-0066
Source:
Moodyscre
Added: Apr 16
Changed: Jul 26
Last Checked: Jul 28 at 1:26PM
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 Gerspacher Real Estate Group
Investment Insights
Based on property information with market context.
Freestanding single-story retail building totaling 10,788 SF, positioned on a highly visible corner location. The property offers generous on-site parking and a well-maintained layout designed to support retail or service use, with the added flexibility that the space can be subdivided to meet certain requirements.
The expansive parking lot supports convenient access for both customers and deliveries, which can benefit a range of storefront-oriented operations. The property is located in Lodi, OH, where it can serve everyday retail categories that the remarks note as underserved in the surrounding area.
For operators seeking a straightforward freestanding footprint with parking and configurable interior space, this corner retail building provides a practical option for a wide range of retail or service concepts.
The expansive parking lot supports convenient access for both customers and deliveries, which can benefit a range of storefront-oriented operations. The property is located in Lodi, OH, where it can serve everyday retail categories that the remarks note as underserved in the surrounding area.
For operators seeking a straightforward freestanding footprint with parking and configurable interior space, this corner retail building provides a practical option for a wide range of retail or service concepts.
Key Highlights
- Freestanding 10,788 SF single‑story retail building
- Located on a highly visible corner in Lodi, OH
- Generous on‑site parking for customers and deliveries
Financial Insights For Retail
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 | $63.4k | $5.88 |
| − Vacancy | −$2.3k | −$0.21 |
| EGI | $61.2k | $5.67 |
| − OpEx | −$18.3k | −$1.70 |
| NOI | $42.8k | $3.97 |
10,788 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,636 @ 7.0% cap · market cap 21.60%
Second Best
Retail
$611.6K
$535.2K – $713.6K
NOI $42,814 @ 7.0% cap · market cap 4.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Single-story retail building with abundant on-site parking on a highly visible corner, with potential for subdivision.
Where is this retail space located?
The property is located at 116 Ainsworth St Lodi, OH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Freestanding 10,788 SF single‑story retail building; Located on a highly visible corner in Lodi, OH; Generous on‑site parking for customers and deliveries
