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Versatile Commercial Property Near Trail

121 Ewing Street Centerburg, OH 43011

121 Ewing Street, Centerburg, OH, 43011
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Mixed-use property with retail, office, apartment, and outbuildings.

Property Size6,900 SF
Price / SF$86.96
AddedMay 13
Days on Market65
Last RefreshJul 15 at 3:37 pm

Property Features for 121 Ewing Street

General Information

Standard status
Active
Size
6,900 SF
Property subtype
Retail, Industrial, Mixed Use

Listing office Red 1 Realty

Listing date May 13, 2026

Source Crexi

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 Red 1 Realty


Investment Insights

Based on property information with market context.

This commercial property is located near the Heart of Ohio Trail. It features a 56 x 112 pole building with overhead garage doors measuring 14 and 15 feet. The building includes a retail shop area, an office, and an apartment above. Additional improvements include a 24 x 22 concrete patio with a 62 x 23 building and a separate outbuilding with five bays, each measuring 24 x 11. The property is serviced by city utilities and includes 4 separate electric meters. An approximately 75 x 100 green space offers additional outdoor area for parking, storage, or future use. The property provides multiple potential uses for commercial use. The total area of all buildings exceeds 10,000 square feet.

Key Highlights

  • 10,000+ sq ft total building space across multiple structures.
  • Prime location near the Heart of Ohio Trail.
  • Versatile commercial property with multiple potential uses.

Local Financial Insights For Industrial

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 $44.2k $6.41
− Vacancy −$3.7k −$0.54
EGI $40.5k $5.87
− OpEx −$12.2k −$1.76
NOI $28.4k $4.11
6,900 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%

Alternative Uses

Best Use
Industrial
$405.0K
$354.4K – $472.6K (±1% cap)
NOI $28,353 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$383.2K
$335.3K – $447.1K (±1% cap)
NOI $26,825 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.25M (±1% cap)
NOI $134,723 @ 7.0% cap · market cap 22.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Animal Station Pet Store & Service

Suggested Use

HVAC Service Law Firm Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods Building Supply Garden Center Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with retail, office, apartment, and outbuildings.
Where is this mixed-use property located?
The property is located at 121 Ewing Street Centerburg, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 10,000+ sq ft total building space across multiple structures.; Prime location near the Heart of Ohio Trail.; Versatile commercial property with multiple potential uses.
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