Office Building at Signalized
1534 S Main Street, Bellefontaine, OH 43311
For Sale
$349,900
Commercial Sale, Bellefontaine, OH
Property Size1,316 SF
Lot Size0.23 Acres
Price / SF$265.88
Days on Market152
Property Features for 1534 S Main Street
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
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Utilities
Sewer type
Heating system
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Building Details
Year built
Building materials
Buildings
Listing Agency:
Bell Hankins Realty Group, LLC
Listed By:
Chelsey Bailey
(937) 935-2450
Added: Jun 11
Changed: Oct 24
Last Checked: Nov 9 at 5:06AM
MLS# 1046603
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,316-square-foot office building sits on a 0.23-acre parcel and is configured for office and meeting functions. The interior includes private offices, open work areas, a client workstation, restroom, storage, and a mechanical room. Newer flooring, central air, forced-air heating, and natural gas service are among the property features. Construction is vinyl siding, and the building dates to 1960.
Located at a signalized intersection on South Main Street, the property has average daily traffic counts of 15-18k and sits directly across from Chipotle and Tsunami Car Wash. The B3 - General Business District zoning and public sewer support its existing commercial configuration. On-site parking includes 5 concrete spaces at the front and 5 asphalt spaces at the rear.
Located at a signalized intersection on South Main Street, the property has average daily traffic counts of 15-18k and sits directly across from Chipotle and Tsunami Car Wash. The B3 - General Business District zoning and public sewer support its existing commercial configuration. On-site parking includes 5 concrete spaces at the front and 5 asphalt spaces at the rear.
Key Highlights
- 1,316‑square‑foot office building on a 0.23‑acre parcel
- B3 - General Business District zoning
- Signalized South Main Street intersection with 15‑18k average daily traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,171
Cap Rate
4.62%
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 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.6K
$232.4K – $309.9K
NOI $18,595 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - B3-zoned office property with private rooms, open work areas, and dedicated on-site parking.
Where is this office unit located?
The property is located at 1534 S Main Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,316‑square‑foot office building on a 0.23‑acre parcel; B3 - General Business District zoning; Signalized South Main Street intersection with 15‑18k average daily traffic
