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Three-Story Mixed-Use Building

16 S Park St, Mansfield, OH 44902

For Sale
New
Contact for pricing

Commercial Sale, Mansfield, OH

Property SizeContact for details
Days on Market5

Property Features for 16 S Park St

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active

Building Details

Buildings 1
Listing Agency: RES Auction Services
Listed By: Andy White
Added: Nov 5 Last Checked: Nov 9 at 5:06AM
MLS# 12056930

Copyright © 2026 My State MLS. 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 three-story property combines commercial and residential space with a basement for storage. The main level has a banquet area, kitchen, bar, restrooms, and office. Four one-bedroom, one-bathroom apartments occupy the second floor, each with a living room and kitchen.

The third floor retains the former Mansfield Business College space, which remained in use until the 1970s. The building requires extensive work, and the former college area may be considered for redevelopment subject to renovation and applicable approvals.

Key Highlights

  • Four second‑floor apartments, each with one bedroom, one bathroom, a living room, and a kitchen
  • Main level includes a banquet area, kitchen, bar, restrooms, and office
  • Third‑floor space formerly housed Mansfield Business College until the 1970s

Property Analytics

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Open Analytics

Current Use

Richland County Democratic ... Advocacy Group

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Gym & Fitness Center (Bike/Boat/Book/etc) Store HVAC Service Hotel & Motel

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,237
Businesses Nearby

Demographics for 44902, OH

4,891
Population
2,240
Households
2.2
Avg Household Size
35
Median Age
4%
College-Educated
83%
High-School Grad
2.0 sq mi
ZIP Area
2,446
Density / Sq Mi
$31,619
Median Household Income
$25,636
Median Earnings
$842
Median Rent
$58,500
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 Richland County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The second floor contains four one-bedroom apartments, each with a living room and kitchen.
Where is this mixed-use property located?
The property is located at 16 S Park St Mansfield, OH.
What are key features of this property?
This property features: Four second‑floor apartments, each with one bedroom, one bathroom, a living room, and a kitchen; Main level includes a banquet area, kitchen, bar, restrooms, and office; Third‑floor space formerly housed Mansfield Business College until the 1970s
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