Historic Elks Event
221 N Main Street Bellefontaine, OH 43311
221 N Main Street, Bellefontaine, OH, 43311
$495,000
For Sale
$495,000
Historic Elks building with a large commercial kitchen and two walk-in coolers, plus paved parking and a rear parcel.
Property Size8,700 SF
Price / SF$56.90
Days on Market717
Property Features for 221 N Main Street
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1945
Listing Agency
Bell Hankins Realty Group, LLC
(937) 935-2450
Listed by
Heidi Baker · License #2018000866
(937) 935-2450
Source
Xome
Added: Aug 3, 2024 Checked: Jul 20 at 1:45 am
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 Bell Hankins Realty Group, LLC
Investment Insights
Based on property information with market context.
This historic Elks Building offers a substantial interior for event and hospitality concepts, including a large commercial kitchen with two walk-in coolers. The property also includes additional space on the second floor that can be configured to fit a variety of uses.
The building is located in Downtown Bellefontaine and is described as having visibility and accessibility in the heart of the district. Parking is provided via a paved parking lot, with a second parcel in the rear for additional parking.
The property is listed as a For Sale transaction and is identified as being zoned B2 Downtown Business District. Interested parties can ask the owner about current floor plans and renderings.
The building is located in Downtown Bellefontaine and is described as having visibility and accessibility in the heart of the district. Parking is provided via a paved parking lot, with a second parcel in the rear for additional parking.
The property is listed as a For Sale transaction and is identified as being zoned B2 Downtown Business District. Interested parties can ask the owner about current floor plans and renderings.
Key Highlights
- Historic Elks building totaling 8,700 SF, built in 1945.
- Zoned B2 Downtown Business District.
- Large commercial kitchen with two walk‑in coolers for food or beverage storage.
Local Financial Insights For Specialty Retail
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 | $51.2k | $5.88 |
| − Vacancy | −$1.8k | −$0.21 |
| EGI | $49.3k | $5.67 |
| − OpEx | −$12.3k | −$1.42 |
| NOI | $37.0k | $4.25 |
8,700 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$528.5K
$462.4K – $616.6K
NOI $36,993 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$510.7K
$446.9K – $595.8K
NOI $35,750 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,933 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dixon Firm
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Historic Elks building with a large commercial kitchen and two walk-in coolers, plus paved parking and a rear parcel.
Where is this wedding venue located?
The property is located at 221 N Main Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Historic Elks building totaling 8,700 SF, built in 1945.; Zoned B2 Downtown Business District.; Large commercial kitchen with two walk‑in coolers for food or beverage storage.
