Mixed-Use Building with
16-20 E High Street #18, London, OH 43140
For Sale
$900,000
The ground floor combines licensed bar service, dining, kitchen, and DJ areas with three upstairs apartments.
Property Size2,948 SF
Price / SF$305.29
Days on Market421
Property Features for 16-20 E High Street #18
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Patio
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Buckeye Realty Group
(740) 852-6446
Listed By:
Easter M Aleshire
(614) 565-6064
Source:
Douglaskeycresolutions
Added: Sep 13, 2025
Changed: Nov 7
Last Checked: Nov 7 at 5:12PM
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 Buckeye Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1930, this mixed-use property pairs a ground-floor bar operation with three residential units above. The bar area includes a full kitchen, dining space, and a designated DJ area, with D5 and D6 licenses. Recent work includes a roof upgrade, new HVAC, updated wiring, and an outdoor patio. Parking is also available on site.
The upper level contains three apartments, each configured with one bedroom and one bathroom. The property is fully leased.
The upper level contains three apartments, each configured with one bedroom and one bathroom. The property is fully leased.
Key Highlights
- Fully leased mixed‑use property with a ground‑floor bar and three upstairs apartments
- Bar space includes a full kitchen, dining area, DJ area, and D5 and D6 licenses
- Three apartments, each with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,257
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,140
$625.1K
Cap Rate 7%
$446,529
$446.5K
Cap Rate 9%
$347,300
$347.3K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$47.8K $16.20/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$44.7K $15.15/SF
− OpEx
−$13.4K −$4.54/SF
NOI
$31.3K $10.60/SF
Area
Madison County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,140
Cap Rate 7%
$446,529
Cap Rate 9%
$347,300
Alternative Uses
Best Use
Multifamily LT 5
$446.5K
$390.7K – $521.0K
NOI $31,257 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$435.2K
$380.8K – $507.7K
NOI $30,464 @ 7.0% cap · market cap 3.38%
Theoretical Best
Warehouse
$594.2K
$519.9K – $693.2K
NOI $41,592 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 43140, OH
24,030
Population
8,419
Households
2.9
Avg Household Size
41
Median Age
20%
College-Educated
87%
High-School Grad
219.9 sq mi
ZIP Area
109
Density / Sq Mi
$82,598
Median Household Income
$44,378
Median Earnings
$901
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The ground floor combines licensed bar service, dining, kitchen, and DJ areas with three upstairs apartments.
Where is this mixed-use property located?
The property is located at 16-20 E High Street #18 London, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Fully leased mixed‑use property with a ground‑floor bar and three upstairs apartments; Bar space includes a full kitchen, dining area, DJ area, and D5 and D6 licenses; Three apartments, each with 1 bedroom and 1 bathroom
