Mixed-Use Retail and
119 Lafayette St Medina, OH 44256
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For Sale
Contact for pricing
This mixed-use property offers a leased first-floor retail/office suite and a second-floor apartment, with separate utility metering.
Property Size2,102 SF
Price / SF$178.40
Days on Market3
Property Features for 119 Lafayette St
General Information
Standard status
Active
Size
2,102 SF
Property subtype
OFFICE
Listing Agency:
Gerspacher Real Estate Group
(412) 956-0066
Listed By:
Emily Faust · License #SAL.2021003573
(412) 956-0066
Source:
Moodyscre
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 5:46PM
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.
This mixed-use property features approximately 2,102 SF total across first and second floors, along with a 1,072 SF full basement. The first floor includes a retail/office suite with three rooms and two fireplaces, plus one ADA restroom. A tenant is currently in place on the first floor (Black Cat Books & Oddities) with a lease extending into May 2027.
The second floor is a two-bedroom, one-bath apartment with a living room and natural light, currently leased through October 2026. The building has updated HVAC installed in 2020, and gas and electric are paid by tenants. The first and second floors are separately metered. Signage is available on the building/monument and on the road, and rear parking provides approximately six spaces with ample public parking nearby. Zoning is Central Business District, and the traffic count is listed as approximately 17,800.
The second floor is a two-bedroom, one-bath apartment with a living room and natural light, currently leased through October 2026. The building has updated HVAC installed in 2020, and gas and electric are paid by tenants. The first and second floors are separately metered. Signage is available on the building/monument and on the road, and rear parking provides approximately six spaces with ample public parking nearby. Zoning is Central Business District, and the traffic count is listed as approximately 17,800.
Key Highlights
- Mixed‑use building with 2,102 SF total: 1,200 SF first‑floor retail/office and 902 SF second‑floor 2‑bedroom apartment
- First‑floor suite has 3 rooms, 2 fireplaces, and 1 ADA restroom; currently leased to Black Cat Books & Oddities through May 2027
- Second‑floor apartment is leased through October 2026 and includes a living room with natural light
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 | $45.2k | $21.48 |
| − Vacancy | −$10.8k | −$5.13 |
| EGI | $34.4k | $16.35 |
| − OpEx | −$8.6k | −$4.09 |
| NOI | $25.8k | $12.26 |
2,102 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$368.1K
$322.1K – $429.5K
NOI $25,770 @ 7.0% cap · market cap 6.87%
Second Best
Mixed Use
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 10.94%
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?
Live-work space - This mixed-use property offers a leased first-floor retail/office suite and a second-floor apartment, with separate utility metering.
Where is this live-work space located?
The property is located at 119 Lafayette St Medina, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Mixed‑use building with 2,102 SF total: 1,200 SF first‑floor retail/office and 902 SF second‑floor 2‑bedroom apartment; First‑floor suite has 3 rooms, 2 fireplaces, and 1 ADA restroom; currently leased to Black Cat Books & Oddities through May 2027; Second‑floor apartment is leased through October 2026 and includes a living room with natural light
