Mixed-Use Property with
For Sale
$900,000
1620 16-20 E High St Unit 18, London, OH 43140
Fully leased building combines a renovated bar and restaurant component with three one-bedroom apartments.
Property Size5,700 SF
Price / SF$157.89
Days on Market87
Property Features for 1620 16-20 E High St Unit 18
General Information
Standard status
Active
Size
5,700 SF
Occupancy
100%
Additional Details
Patio
Yes
Building Details
Year Built
1930
Listing Agency:
Buckeye Realty Group
Listed By:
Easter M Aleshire
(614) 565-6064
Source:
Thelorilynngroup
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 7 at 1:03PM
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
Investment Insights
Based on property information with market context.
This mixed-use property at 1620 16-20 E High St Unit 18 includes a ground-floor bar and restaurant space with a full kitchen, dining area, bar, DJ area, and outdoor patio. The commercial space holds D5 and D6 licenses and has benefited from a renovated roof, newer HVAC equipment, and updated wiring.
The upper level contains three one-bedroom, one-bathroom apartments. The property is fully leased and includes on-site parking. Built in 1930, the building offers a combination of commercial and residential occupancy in downtown London, Ohio.
The upper level contains three one-bedroom, one-bathroom apartments. The property is fully leased and includes on-site parking. Built in 1930, the building offers a combination of commercial and residential occupancy in downtown London, Ohio.
Key Highlights
- Ground‑floor bar and restaurant space with D5 and D6 licenses
- Full kitchen, dining area, bar, DJ area, and outdoor patio
- Three 1‑bedroom, 1‑bathroom apartments on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,437
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,740
$1.2M
Cap Rate 7%
$863,386
$863.4K
Cap Rate 9%
$671,522
$671.5K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$92.3K $16.20/SF
− Vacancy
−$6.0K −$1.05/SF
EGI
$86.3K $15.15/SF
− OpEx
−$25.9K −$4.54/SF
NOI
$60.4K $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%
$1,208,740
Cap Rate 7%
$863,386
Cap Rate 9%
$671,522
Alternative Uses
Best Use
Multifamily LT 5
$863.4K
$755.5K – $1.01M
NOI $60,437 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$841.5K
$736.3K – $981.7K
NOI $58,902 @ 7.0% cap · market cap 6.54%
Theoretical Best
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,419 @ 7.0% cap · market cap 8.94%
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
10
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building combines a renovated bar and restaurant component with three one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 1620 16-20 E High St Unit 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: Ground‑floor bar and restaurant space with D5 and D6 licenses; Full kitchen, dining area, bar, DJ area, and outdoor patio; Three 1‑bedroom, 1‑bathroom apartments on the upper level
