Building Details

Year Built 1865

Buildings 1

Stories 2

Listing Agency: Epique Inc.

Listed By: Christopher Swain Show Phone

Source: Lovdalgroup

Added: Jul 20 Changed: Oct 14 Last Checked: Oct 7 at 2:14PM

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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 Epique Inc.

Investment Insights

Based on property information with market context.

Constructed in 1865, this approximately 4,500-square-foot mixed-use building spans two stories at 2 Main St in College Corner. The ground level can accommodate retail, office, restaurant, or other commercial functions, while the upper level offers flexibility for apartments, short-term rentals, office suites, or additional income-producing space.

The property combines a Main Street setting with a building layout suited to adaptive reuse. Its configuration supports a range of commercial and residential concepts, including a business headquarters, live/work arrangement, or a combination of storefront and upper-level occupancy. Existing architectural character and the two-story structure provide a defined framework for redevelopment.

Key Highlights

• Approximately 4,500 square feet across two stories
• Built in 1865
• Main Street location at 2 Main St, College Corner, OH 45003

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,115

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$302,300 $302.3K

Cap Rate 7%

$215,929 $215.9K

Cap Rate 9%

$167,944 $167.9K

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$26.5K $5.88/SF

− Vacancy

−$2.3K −$0.51/SF

EGI

$24.2K $5.37/SF

− OpEx

−$9.1K −$2.02/SF

NOI

$15.1K $3.36/SF

Area

Butler County, OH

Vacancy

8.60%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$302,300

Cap Rate 7%

$215,929

Cap Rate 9%

$167,944

Alternative Uses

Best Use

Retail

$272.9K

$238.8K – $318.4K (±1% cap)

NOI $19,106 @ 7.0% cap · market cap 9.60%

Second Best

Mixed Use

$215.9K

$188.9K – $251.9K (±1% cap)

NOI $15,115 @ 7.0% cap · market cap 7.60%

Theoretical Best

Office A

$889.7K

$778.5K – $1.04M (±1% cap)

NOI $62,282 @ 7.0% cap · market cap 31.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Jackson's Antiques And Music (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Bakery Grocery & Convenience Store Barber Shop Real Estate Agency Auto Repair Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

Explore this area Business Placement

Demographics for 45003, OH

818

Population

362

Households

2.3

Avg Household Size

43

Median Age

30%

College-Educated

89%

High-School Grad

15.2 sq mi

ZIP Area

54

Density / Sq Mi

$67,685

Median Household Income

$42,639

Median Earnings

$783

Median Rent

$170,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Main Street property with retail, office, restaurant, residential, and live/work applications across its two-story configuration.

Where is this mixed-use property located?

The property is located at 2 Main St College Corner, OH.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Approximately 4,500 square feet across two stories; Built in 1865; Main Street location at 2 Main St, College Corner, OH 45003