Zoned I-1 Corner Commercial
16 W Fifth St Mansfield, OH 44902
16 W Fifth St, Mansfield, OH, 44902
$80,000
For Sale
$80,000
COMMERCIAL - Mansfield, OH
Property Size639 SF
Lot Size0.25 Acres
Price / SF$125.20
Days on Market382
Property Features for 16 W Fifth St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0270424405000
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- 325 PT 60 X 180 X N MAIN ST
- Tax Annual Amount
- 362
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1952
- Roof type
- Built-Up
Listing Agency
RE/MAX First Realty
(419) 756-4663
2059 Park Ave West, ONTARIO, OH
Listed by
Faith I Deal
(419) 610-6588
Added: Jul 1, 2025 Checked: Jul 17 at 8:06 am
MLS# 9067471
Copyright © 2026 Mansfield Association 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.
Located at 16 W Fifth St in Mansfield, Ohio, this corner commercial lot offers measured frontage on three streets: approximately 180 feet on W Fifth St, 60 feet on Walnut St, and 35 feet on N Main St. The property is zoned I-1 and includes an existing 639 sq ft building suitable for a small office or retail operation.
The location and corner positioning provide straightforward site exposure along multiple street frontages, making the property workable for a variety of automobile- and office-oriented uses consistent with I-1 zoning. The site also offers room for future redevelopment or expansion, depending on an end user’s plans.
The location and corner positioning provide straightforward site exposure along multiple street frontages, making the property workable for a variety of automobile- and office-oriented uses consistent with I-1 zoning. The site also offers room for future redevelopment or expansion, depending on an end user’s plans.
Key Highlights
- Zoned I‑1 commercial site on a three‑street corner lot
- Approx. 180 ft of frontage on W Fifth St, 60 ft on Walnut St, and 35 ft on N Main St
- Existing 639 sq ft building for office or retail use
Local 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 | $9.2k | $14.40 |
| − Vacancy | −$386 | −$0.60 |
| EGI | $8.8k | $13.80 |
| − OpEx | −$2.6k | −$4.14 |
| NOI | $6.2k | $9.66 |
639 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$124.4K
$108.8K – $145.1K
NOI $8,705 @ 7.0% cap · market cap 10.88%
Second Best
Retail
$88.2K
$77.1K – $102.9K
NOI $6,171 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$128.6K
$112.5K – $150.0K
NOI $8,999 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Corner commercial lot with an existing small building and I-1 zoning, featuring measured frontage on three streets.
Where is this commercial land located?
The property is located at 16 W Fifth St Mansfield, OH.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Zoned I‑1 commercial site on a three‑street corner lot; Approx. 180 ft of frontage on W Fifth St, 60 ft on Walnut St, and 35 ft on N Main St; Existing 639 sq ft building for office or retail use
