Office Building with Meeting
For Sale
$329,900
1534 S Main Street Bellefontaine, Bellefontaine, OH 43311
Office and meeting configuration with recent interior updates and parking for convenient client access.
Property Size1,316 SF
Price / SF$250.68
Days on Market92
Property Features for 1534 S Main Street Bellefontaine
General Information
Standard status
Active
Size
1,316 SF
Total Parking Spaces
10
Zoning
B3
Additional Details
Traffic Count
18,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$2,416
Amenities
No
Public
0.23
10.0
1316.0
Building Details
Building Size
1,316 SF
Year Built
1960
Stories
1
Listed By:
Joe Herban
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Sep 14
Last Checked: Oct 5 at 4:15PM
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 Joe Herban
Investment Insights
Based on property information with market context.
This office building totals 1,316 sq. ft. and is currently laid out for office and meeting use. The interior includes private office space, open work areas, a client workstation, a restroom, a storage area, and a dedicated mechanical room. Recent interior updates include newer flooring, creating a more current, professional presentation.
The property is located on South Main Street at a signalized intersection with average daily traffic counts of 15,000 to 18,000. It sits directly across from Chipotle and Tsunami Car Wash, supporting strong neighborhood visibility. Access and convenience are supported by ample on-site parking, including 5 concrete spaces in the front and 5 additional asphalt spaces in the rear.
For buyers or operators, the existing office-focused layout can work well for professional offices, meeting-based operations, or service businesses seeking a prominent, easy-to-reach storefront position. The property is zoned B3 - General Business District, offering flexibility for a range of commercial uses consistent with that zoning category.
The property is located on South Main Street at a signalized intersection with average daily traffic counts of 15,000 to 18,000. It sits directly across from Chipotle and Tsunami Car Wash, supporting strong neighborhood visibility. Access and convenience are supported by ample on-site parking, including 5 concrete spaces in the front and 5 additional asphalt spaces in the rear.
For buyers or operators, the existing office-focused layout can work well for professional offices, meeting-based operations, or service businesses seeking a prominent, easy-to-reach storefront position. The property is zoned B3 - General Business District, offering flexibility for a range of commercial uses consistent with that zoning category.
Key Highlights
- 1,316 SF office/meeting building configured with private office, open work areas, and client workstation
- Includes restroom, storage area, and mechanical room
- Recent interior updates with newer flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,171
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,420
$323.4K
Cap Rate 7%
$231,014
$231.0K
Cap Rate 9%
$179,678
$179.7K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$28.3K $21.53/SF
− Vacancy
−$6.8K −$5.15/SF
EGI
$21.6K $16.38/SF
− OpEx
−$5.4K −$4.10/SF
NOI
$16.2K $12.29/SF
Area
Logan County, OH
Vacancy
23.90%
Lease Rate
$21.53 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,420
Cap Rate 7%
$231,014
Cap Rate 9%
$179,678
Alternative Uses
Best Use
Office B
$231.0K
$202.1K – $269.5K
NOI $16,171 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.6K
$232.4K – $309.9K
NOI $18,595 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Office and meeting configuration with recent interior updates and parking for convenient client access.
Where is this office units located?
The property is located at 1534 S Main Street Bellefontaine Bellefontaine, OH.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,316 SF office/meeting building configured with private office, open work areas, and client workstation; Includes restroom, storage area, and mechanical room; Recent interior updates with newer flooring
