Mixed-Use Retail and
118 W Main Street Junction City, OH 43748
118 W Main Street, Junction City, OH, 43748
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For Sale
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Retail storefront on the main level with two upper residential apartment units and an included stocked basement.
Property Size4,080 SF
Price / SF$240.15
Days on Market84
Property Features for 118 W Main Street
General Information
- Standard status
- Active
- Size
- 4,080 SF
- Property subtype
- Mixed Use, Retail, Land
Building Details
- Year Built
- 1910
Listing agency
SAYRE SEALS & MCMILLAN REAL ESTATE LLC
Listed by
Jeremy Seals · License #2016001814
Source
Crexi
Added: Apr 29 Updated: Jul 21 at 12:33AM Checked: Jul 21 at 12:33AM
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 SAYRE SEALS & MCMILLAN REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a main-level retail/commercial storefront with two upper-level residential apartment units. The building is currently home to Clark's Hardware, and the basement is described as fully stocked with additional chattels for the hardware business. Off-street parking is located on the side of the business.
The property is positioned on W Main Street in the heart of Junction City, Ohio, and is presented as a live/work/invest style configuration with both commercial and residential income components under one roof.
The property is positioned on W Main Street in the heart of Junction City, Ohio, and is presented as a live/work/invest style configuration with both commercial and residential income components under one roof.
Key Highlights
- Commercial building built in 1910, currently home to Clark's Hardware
- Main‑level retail/commercial storefront plus two upper‑level residential apartment units
- Included fully stocked basement with additional chattels for the hardware
Local 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 | $89.1k | $21.84 |
| − Vacancy | −$21.4k | −$5.24 |
| EGI | $67.7k | $16.60 |
| − OpEx | −$20.3k | −$4.98 |
| NOI | $47.4k | $11.62 |
4,080 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$677.2K
$592.6K – $790.1K
NOI $47,405 @ 7.0% cap · market cap 4.84%
Second Best
Multifamily LT 5
$618.0K
$540.8K – $721.0K
NOI $43,260 @ 7.0% cap · market cap 4.42%
Theoretical Best
Warehouse
$822.3K
$719.5K – $959.4K
NOI $57,563 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Retail storefront on the main level with two upper residential apartment units and an included stocked basement.
Where is this mixed-use property located?
The property is located at 118 W Main Street Junction City, OH.
What is the asking price?
The asking price for this property is $979,800.
What are key features of this property?
This property features: Commercial building built in 1910, currently home to Clark's Hardware; Main‑level retail/commercial storefront plus two upper‑level residential apartment units; Included fully stocked basement with additional chattels for the hardware
