Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    195 South Main St Akron, OH 44308

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $11 SF/Yr

    High-visibility office or retail space in the heart of Akron.

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Nichole Booker, Phd
    Nichole Booker, Phd
    Source: Svn

    Listing Agency: SVN Summit Commercial Real Estate Advisors Listing Agent: Nichole Booker, Phd

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Akron Office/Retail Opportunity

    Located in downtown Akron, 195 S Main Street provides accessible office or retail space. Situated between Bowery Street and University Avenue, the property is near Lock 3 Park, the Akron Civic Theatre, the Bowery District, and Canal Park. The building is close to courthouses, government offices, and major employers. The first floor offers high visibility on Main Street. The second-floor office suite 200 features views overlooking Lock 3 Park. The building has two passenger elevators and one lift for access from the pedestrian skywalk. It offers a direct connection to Akron’s downtown skywalk system and easy access to Route I-76 and I-77. It is directly across from the redeveloped Lock 3 Park and the Bowery District, and one block from Canal Park and is surrounded by courthouses, city hall, justice center, government offices, and major employers. Buckeye State Credit Union occupies the first and third floors but is open to relocating to the second floor to accommodate a tenant seeking ground-floor space.
    Location Intelligence

    Current Use by Public Records

    Kaman Fluid Power Factory 195 Building LLC Construction Company Knapic Barbara A Law Firm Akron Community Foundation Charitable Organization Big Toy Express (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.519227
    Latitude
    41.07994

    Nearby Similar for Lease

    • $1,300 /Mo
      4,792 SF

      Renovated Retail Space in Akron

      Recently renovated 1,550 SF retail space ready for immediate occupancy.
      871 Brown St, Akron, OH 44311
      View Details
    • $1,500 /Mo
      5,401 SF

      Remodeled Commercial Building in Akron

      Remodeled 1,800 sqft commercial building with modern amenities and functionality.
      1152 Grant St, Akron, OH 44301
      View Details
    • New
      $2,500 /Mo
      7,597 SF

      Office Space in Akron, OH

      Office space with high foot traffic near major intersection.
      816 E Turkeyfoot Lake Rd, Akron, OH 44319
      View Details
    • Contact for pricing
      Pending

      Akron Fulton Airport "T" Hangars

      Two "T" Hangars at Akron Fulton Airport for rent.
      1496 Triplett Blvd, Akron, OH 44306
      View Details
    • $5,000 /Mo
      43,560 SF

      Akron Warehouse with Large Door

      6,000 SF warehouse space for lease near downtown Akron.
      1051 Eastwood Ave, Akron, OH 44305
      View Details
    • $1,400 /Mo
      80,150 SF

      Office Space in Clocktower Landing

      Office space for lease in a desirable location.
      470 Portage Lakes Dr, Akron, OH 44319
      View Details
    • Sponsored
      New
      Contact for pricing

      OH, Akron - South Main St

      Discover many ways to work your way in OH, Akron - South Main St
      388 Main St, Akron, OH 44311
      View Details
    • $8 SF/Yr

      Well-Maintained Multi-Tenant Office Building

      Convenient office building with ample parking and highway access.
      215 East Waterloo Rd, Akron, OH 44319
      View Details
    • Contact for pricing

      Versatile Industrial/Flex Space in Akron

      14,560 SF industrial/flex space with excellent visibility and accessibility.
      3113 Mogadore Rd, Akron, OH 44312
      View Details
    • $6 SF/Yr

      Renovated Flex Space in Akron

      8,900 SF industrial/office flex space for lease.
      1350 Home Ave, Akron, OH 44310
      View Details
    • $10,000 /Mo

      Akron Warehouse and Office Space

      Versatile property ideal for industrial and manufacturing needs.
      595 E Tallmadge Ave, Akron, OH 44310
      View Details
    • $15 SF/Yr

      Downtown Akron Office Space Available

      Multi-tenant office building with on-site management and 24/7 security.
      1 Cascade Plz, Akron, OH 44308
      View Details

    FAQs

    What type of property is this?
    Office units - High-visibility office or retail space in the heart of Akron.
    Where is this office units located?
    The property is located at 195 South Main St Akron, OH.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility ground-floor space available on Main Street, ideal for retail or office use.; - Prime Downtown Akron location, directly across from Lock 3 Park and the Bowery District, and one block from Canal Park.; - Direct connection to Akron's downtown skywalk system, providing covered access to parking.
    (330) 475-5500
    Request Owner's contact information
    195 South Main St Akron, OH 44308
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    195 South Main St
    Akron, OH 44308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    195 South Main St Akron, OH 44308
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nichole Booker, Phd
    Nichole Booker, Phd
    Real Estate License ID: SAL.2018004350
    (330) 475-5500 (234) 231-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!