Mixed-Use Building With Residential
For Sale
$699,000
17 W Main St, Spring Valley, OH 45370
Commercial space and residential units create a flexible mixed-use configuration in Spring Valley Village.
Property Size6,084 SF
Price / SF$114.89
Days on Market48
Property Features for 17 W Main St
General Information
Standard status
Active
Size
6,084 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs work
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Garden Gate Realty Inc.
(937) 335-2522
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:27AM
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 Garden Gate Realty Inc.
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Investment Insights
Based on property information with market context.
This 6,084 SF mixed-use building combines ground-floor commercial space with residential units in a historic structure built in 1900. The commercial component can accommodate a range of business concepts, while the residential portion provides additional space within the same property.
Located at 17 W Main St in Spring Valley Village, OH, the property requires work and updating. Its combination of commercial and residential components offers an adaptable layout for an owner-operator or investor pursuing a renovation project.
Located at 17 W Main St in Spring Valley Village, OH, the property requires work and updating. Its combination of commercial and residential components offers an adaptable layout for an owner-operator or investor pursuing a renovation project.
Key Highlights
- 6,084 SF mixed‑use building
- Ground‑floor commercial space
- Residential units included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,402
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,040
$1.1M
Cap Rate 7%
$820,029
$820.0K
Cap Rate 9%
$637,800
$637.8K
Market Conditions
NOI Build-Up for 6,084 SF
Gross rent
$87.6K $14.40/SF
− Vacancy
−$5.6K −$0.92/SF
EGI
$82.0K $13.48/SF
− OpEx
−$24.6K −$4.04/SF
NOI
$57.4K $9.43/SF
Area
Greene County, OH
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,040
Cap Rate 7%
$820,029
Cap Rate 9%
$637,800
Alternative Uses
Best Use
Mixed Use
$938.1K
$820.9K – $1.09M
NOI $65,669 @ 7.0% cap · market cap 9.39%
Second Best
Retail
$820.0K
$717.5K – $956.7K
NOI $57,402 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office B
$1.14M
$1.00M – $1.33M
NOI $80,077 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 45370, OH
2,379
Population
1,009
Households
2.4
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
142
Density / Sq Mi
$105,625
Median Household Income
$48,914
Median Earnings
$937
Median Rent
$318,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and residential units create a flexible mixed-use configuration in Spring Valley Village.
Where is this mixed-use property located?
The property is located at 17 W Main St Spring Valley, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6,084 SF mixed‑use building; Ground‑floor commercial space; Residential units included
