Historic Corner Office and Retail
144 S Main Street Bellefontaine, OH 43311
For Sale
$1,500,000
COMMERCIAL - Bellefontaine, OH
Property Size19,000 SF
Price / SF$78.95
Days on Market685
Property Features for 144 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Basement
Full
Standard status
Active
APN
170911225008000
Size
19,000 SF
Taxes and HOA fees
Tax Year
2023
Utilities
Sewer type
Public Sewer
Building Details
Year built
1910
Building materials
Stone
Listing Agency:
Bell Hankins Realty Group, LLC
(937) 935-2450
Listed By:
Heidi Baker · License #2018000866
(937) 935-2450
Added: Sep 13, 2024
Changed: Jul 8
Last Checked: Jul 29 at 4:06AM
MLS# 1034370
Copyright © 2026 West Metro 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.
The Canby Building is a historic, landmark property offering three expansive floors, each approximately 6,000 square feet, along with a full basement and a mezzanine. The building’s exterior and key improvements were updated in 2014, including a new roof, store front glass and doors, and upper floor windows, as well as extensive tuckpointing and repairs to the terra cotta tile. This combination of preserved historic character and modernized building components creates a ready platform for a range of commercial uses.
Located at 144 S Main Street in Bellefontaine, Ohio, the property sits at a strategic downtown corner of Main and Chillicothe. The listing notes the building is within walking distance of restaurants and specialty retail stores in the downtown business district.
With its multi-floor layout plus basement and mezzanine, the Canby Building can support businesses that need more than a single level, whether you’re planning for storefront operations with additional office or support space, or another commercial configuration that fits the existing footprint. For owners and investors, the building’s recent 2014 exterior updates may help reduce near-term capital concerns while you tailor the interior to your specific operating plan.
Located at 144 S Main Street in Bellefontaine, Ohio, the property sits at a strategic downtown corner of Main and Chillicothe. The listing notes the building is within walking distance of restaurants and specialty retail stores in the downtown business district.
With its multi-floor layout plus basement and mezzanine, the Canby Building can support businesses that need more than a single level, whether you’re planning for storefront operations with additional office or support space, or another commercial configuration that fits the existing footprint. For owners and investors, the building’s recent 2014 exterior updates may help reduce near-term capital concerns while you tailor the interior to your specific operating plan.
Key Highlights
- Prime downtown location at the corner of Main and Chillicothe, Bellefontaine.
- Three expansive floors, approximately 6,000 sq ft each, plus a full basement and mezzanine.
- Updated in 2014 with a new roof, storefront glass, doors, and upper floor windows.
Financial Insights For 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 | $110.2k | $5.80 |
| − Vacancy | −$3.9k | −$0.21 |
| EGI | $106.3k | $5.59 |
| − OpEx | −$31.9k | −$1.68 |
| NOI | $74.4k | $3.91 |
19,000 SF · lease $5.80/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.89M
NOI $233,477 @ 7.0% cap · market cap 15.57%
Second Best
Retail
$1.06M
$929.7K – $1.24M
NOI $74,378 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$3.84M
$3.36M – $4.47M
NOI $268,475 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Wren's Florist & Greenhouse — 500 E Columbus Ave, Bellefontaine, OH 43311
- Dorcey's Flowers — 300 S Main St, Bellefontaine, OH 43311
Frequently Asked Questions
What type of property is this?
Storefront property - Three-story historic corner building with renovated storefront, roof, basement, and mezzanine in Bellefontaine’s downtown.
Where is this storefront property located?
The property is located at 144 S Main Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime downtown location at the corner of Main and Chillicothe, Bellefontaine.; Three expansive floors, approximately 6,000 sq ft each, plus a full basement and mezzanine.; Updated in 2014 with a new roof, storefront glass, doors, and upper floor windows.
