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Mixed-Use Building with Apartment

16 Columbus St, Bedford, OH 44146

For Sale
$335,000

Fully occupied asset combines street-level commercial suites with a remodeled residential unit in a walkable downtown setting.

Property Size3,708 SF
Price / SF$90.35
Days on Market96

Property Features for 16 Columbus St

General Information

Standard status Active
Size 3,708 SF
Property subtype Multi-Family

Building Details

Year Built 1920
Listing Agency: Keller Williams Living
Listed By: Erin Thomas · License #2019005940
Source: Theacclaimedrealty
Added: Aug 6 Changed: Oct 25 Last Checked: Oct 7 at 1:41PM

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 Keller Williams Living

Rey
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Investment Insights

Based on property information with market context.

This 3,708 SF mixed-use property contains two street-facing commercial suites and a five-bedroom, one-bath apartment. The residential space has been remodeled with LVP flooring, refreshed kitchen cabinetry and countertops, in-unit laundry, and two new hot water tanks. Tenant improvements are also present in the commercial areas, which are occupied on month-to-month leases.

The property is situated in Historic Downtown Bedford, within walking distance of restaurants, shops, parks, and local businesses. Regional access is provided by nearby I-271 and I-480. Current operations reflect a 7.58% cap rate, with a projected 9.05% cap rate based on market rent adjustments.

Key Highlights

  • 3,708 SF mixed‑use property with two commercial suites and one apartment
  • Five‑bedroom, one‑bath residential unit with remodeled interior finishes
  • Two street‑level commercial suites occupied on month‑to‑month leases

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Restaurant Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

762
Businesses Nearby

Demographics for 44146, OH

29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Mixed-use properties in Cuyahoga County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully occupied asset combines street-level commercial suites with a remodeled residential unit in a walkable downtown setting.
Where is this mixed-use property located?
The property is located at 16 Columbus St Bedford, OH.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 3,708 SF mixed‑use property with two commercial suites and one apartment; Five‑bedroom, one‑bath residential unit with remodeled interior finishes; Two street‑level commercial suites occupied on month‑to‑month leases
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