Mixed-Use Property with Retail
1974 - 1984 Warren Avenue, Niles, OH 44446
For Sale
$275,000
CommercialSale, Niles, OH
Property Size1,792 SF
Lot Size2.39 Acres
Price / SF$153.46
Days on Market168
Property Features for 1974 - 1984 Warren Avenue
General Information
Property type
Property subtype
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
Real of Ohio
(330) 807-1303
Listed By:
Jordan Smith · License #2024004124
(814) 925-5183
Added: May 25
Changed: Oct 21
Last Checked: Nov 8 at 12:06AM
MLS# 5220329
Copyright © 2026 MLS Now. 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 mixed-use property is set on 2.39 acres and includes a commercial retail showroom/office building plus two residential rental homes. The commercial space is configured as showroom/office use, supported by ample parking for visitors and customers. Also on the parcel are two garage/storage buildings totaling 1,600 and 1,200 SF, with three drive-in doors for practical loading and storage.
The property’s single-parcel setup provides multiple income streams, with the residential units and garage/storage currently generating rental income. The commercial building can support an owner-occupant business setup, serve storage needs, be redeveloped, or potentially be leased depending on the next owner’s plans. It is positioned near major retail, highways, and commercial corridors, while still offering room on-site for continued development or expansion.
For buyers looking for a blended-use holding, this offering provides residential and storage utility alongside a commercial showroom/office component. Owner-occupants may also value the ability to combine business space with on-site residential rental homes, all under one ownership structure. The property’s flexible mix of uses and on-site parking supports a range of business and operating approaches.
The property’s single-parcel setup provides multiple income streams, with the residential units and garage/storage currently generating rental income. The commercial building can support an owner-occupant business setup, serve storage needs, be redeveloped, or potentially be leased depending on the next owner’s plans. It is positioned near major retail, highways, and commercial corridors, while still offering room on-site for continued development or expansion.
For buyers looking for a blended-use holding, this offering provides residential and storage utility alongside a commercial showroom/office component. Owner-occupants may also value the ability to combine business space with on-site residential rental homes, all under one ownership structure. The property’s flexible mix of uses and on-site parking supports a range of business and operating approaches.
Key Highlights
- 2.39‑acre mixed‑use property with commercial showroom/office, two residential rental homes, and two garage/storage buildings on one parcel
- Commercial showroom/office building: 1,792 SF with showroom/office space and ample parking
- Residential rental space totals 1,184 SF and 720 SF across two homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,741
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,820
$354.8K
Cap Rate 7%
$253,443
$253.4K
Cap Rate 9%
$197,122
$197.1K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$32.3K $18.00/SF
− Vacancy
−$3.9K −$2.16/SF
EGI
$28.4K $15.84/SF
− OpEx
−$10.6K −$5.94/SF
NOI
$17.7K $9.90/SF
Area
Trumbull County, OH
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,820
Cap Rate 7%
$253,443
Cap Rate 9%
$197,122
Alternative Uses
Best Use
Mixed Use
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 6.45%
Second Best
Retail
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$340.1K
$297.6K – $396.8K
NOI $23,809 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
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Business Placement
Demographics for 44446, OH
20,173
Population
10,476
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
14.0 sq mi
ZIP Area
1,441
Density / Sq Mi
$49,779
Median Household Income
$35,596
Median Earnings
$786
Median Rent
$108,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 2.39-acre package combining a showroom/office, two rental homes, and garage/storage buildings with drive-in access.
Where is this mixed-use property located?
The property is located at 1974 - 1984 Warren Avenue Niles, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2.39‑acre mixed‑use property with commercial showroom/office, two residential rental homes, and two garage/storage buildings on one parcel; Commercial showroom/office building: 1,792 SF with showroom/office space and ample parking; Residential rental space totals 1,184 SF and 720 SF across two homes
