Building Details

Year built 1929

Building materials Brick

Roof type Rubber

Listing Agency: BUNCH REAL ESTATE ASSOCIATES Show Phone

Listed By: Todd Jenkins Show Phone

Added: May 18 Changed: Sep 12 Last Checked: Oct 6 at 5:06PM

Report an Issue

MLS# 183915

Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,840-square-foot, two-story brick building contains two separate storefronts on the main level, allowing for distinct commercial spaces or a combined owner-occupied configuration. One storefront features broad window exposure along S 3rd Street and Park Street, bringing natural light into the space. The upper floor includes multiple areas that can support storage, private offices, or additional build-out. Built in 1929, the property has central heating with natural gas and central air conditioning.

The building occupies a 0.05-acre corner lot at 121-123 S 3rd St. in Ironton, Ohio. Its corner position provides frontage along S 3rd Street and Park Street, while the brick construction and rubber roof are established physical features of the property.

Key Highlights

• 4,840‑square‑foot, two‑story brick building
• Two separate storefronts on the main level
• Window exposure along S 3rd Street and Park Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,695

Cap Rate

5.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,900 $373.9K

Cap Rate 7%

$267,071 $267.1K

Cap Rate 9%

$207,722 $207.7K

Market Conditions

NOI Build-Up for 4,840 SF

Gross rent

$27.9K $5.76/SF

− Vacancy

−$1.2K −$0.24/SF

EGI

$26.7K $5.52/SF

− OpEx

−$8.0K −$1.66/SF

NOI

$18.7K $3.86/SF

Area

Lawrence County, OH

Vacancy

4.20%

Lease Rate

$5.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,900

Cap Rate 7%

$267,071

Cap Rate 9%

$207,722

Alternative Uses

Best Use

Retail

$267.1K

$233.7K – $311.6K (±1% cap)

NOI $18,695 @ 7.0% cap · market cap 5.75%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.10M

$964.0K – $1.29M (±1% cap)

NOI $77,121 @ 7.0% cap · market cap 23.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Bakery Real Estate Agency Daycare Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

720

Businesses Nearby

122k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Dining 31% Groceries 6% Hotels & Casinos 2%

Speedway Shops & Services

16,265 visits/mo 0.4 miles

Wendy's Dining

14,727 visits/mo 0.1 miles

Dollar General Shops & Services

12,527 visits/mo 0.3 miles

Dollar Tree Shops & Services

11,226 visits/mo 0.1 miles

Save-A-Lot Groceries

7,918 visits/mo 0.1 miles

Demographics for 45638, OH

20,114

Population

9,039

Households

2.2

Avg Household Size

43

Median Age

16%

College-Educated

90%

High-School Grad

76.9 sq mi

ZIP Area

262

Density / Sq Mi

$49,544

Median Household Income

$34,972

Median Earnings

$782

Median Rent

$118,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Four-Story Mixed-Use Building

106-112 Center Street, Ironton, OH 45638

$549,000

22,638 SF

View details

Medical Office Building with Flexible Layout

209 N 2nd Street, Ironton, OH 45638

$695,000

6,800 SF

View details

14-Unit Apartment Building

14-111 N 7th St, Ironton, OH 45638

$420,000

10,826 SF

View details

Two-Story Flex Space with Garage

2914 S 4th Street, Ironton, OH 45638

$675,000

1,800 SF

View details

Updated Two-Unit Duplex

613 Pike St, Ironton, OH 45638

$129,900

1,690 SF

View details

Renovated Duplex with Rear Decks

2815 S 4th St, Ironton, OH 45638

$139,900

1,588 SF

View details

Renovation-Ready Apartment Building

111 7th unit: 14, Ironton, OH 45638

Contact for pricing

10,826 SF

View details

Warehouse with Overhead Doors

912 MAPLE, Ironton, OH 45638

$99,900

View details

Similar Off Market Nearby

• Weber's Florists & Gifts — 1501 S 6th St, Ironton, OH 45638
• West End Floral and Gifts — 306 Ferry St, Russell, KY 41169
• Florists — 202 Vernon St, Ironton, OH 45638
• A Touch Of Grace — 123 S 3rd St, Ironton, OH 45638

Frequently Asked Questions

What type of property is this?

Storefront property - Two-story brick commercial property with upper-level areas for storage, offices, or future build-out.

Where is this storefront property located?

The property is located at 121-123 S 3rd St. Ironton, OH.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 4,840‑square‑foot, two‑story brick building; Two separate storefronts on the main level; Window exposure along S 3rd Street and Park Street