Mixed-Use Building with Rear
For Sale
$375,000
185 Main Street, Wadsworth, OH 44281
Two commercial spaces and a two-bedroom apartment are currently leased.
Property Size2,480 SF
Price / SF$151.21
Days on Market39
Property Features for 185 Main Street
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Mixed Use
Occupancy
100%
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,526
Building Details
Building Size
2,480 SF
Year Built
1910
Listing Agency:
EXP Realty, LLC.
Listed By:
Zachery S Rollins · License #2013004259
(330) 591-1289
Source:
Lifestagesrealty
Added: Sep 21
Changed: Oct 29
Last Checked: Oct 26 at 11:56AM
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 EXP Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this mixed-use property has two commercial units on the ground floor and a two-bedroom apartment above. Each of the three spaces is currently rented. Improvements include a furnace installed in 2020, air conditioning added in 2025, and a comprehensive interior cosmetic update. A parking lot behind the building serves the property.
The property is on Main Street in downtown Wadsworth, near the Celestial Theater and within walking distance of First Friday events. Its combination of commercial and residential space brings three occupied units together in one building.
The property is on Main Street in downtown Wadsworth, near the Celestial Theater and within walking distance of First Friday events. Its combination of commercial and residential space brings three occupied units together in one building.
Key Highlights
- Two commercial units on the main level
- Upstairs apartment has two bedrooms
- All three units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,549
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,980
$451.0K
Cap Rate 7%
$322,129
$322.1K
Cap Rate 9%
$250,544
$250.5K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$40.2K $16.20/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$36.1K $14.55/SF
− OpEx
−$13.5K −$5.46/SF
NOI
$22.5K $9.09/SF
Area
Medina County, OH
Vacancy
10.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,980
Cap Rate 7%
$322,129
Cap Rate 9%
$250,544
Alternative Uses
Best Use
Mixed Use
$322.1K
$281.9K – $375.8K
NOI $22,549 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$691.7K
$605.3K – $807.0K
NOI $48,422 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and a two-bedroom apartment are currently leased.
Where is this mixed-use property located?
The property is located at 185 Main Street Wadsworth, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two commercial units on the main level; Upstairs apartment has two bedrooms; All three units are currently rented
