Mixed-Use Property with Retail
2041 MADISON RD Cincinnati, OH 45208
For Sale
Contact for pricing
Mixed-use property featuring retail space and residential apartment.
Property Size3,410 SF
Price / SF$322.58
Days on Market69
Property Features for 2041 MADISON RD
General Information
Standard status
Active
Size
3,410 SF
Property subtype
Retail, Mixed Use
Building Details
Year Built
1880
Listing Agency:
Sibcy Cline
(513) 378-5801
Listed By:
Nat Comisar · License #OH SAL.2006000748
Source:
Crexi
Added: May 23
Changed: Jul 10
Last Checked: Jul 24 at 12:42PM
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 Sibcy Cline
Investment Insights
Based on property information with market context.
This mixed-use property features a 1,960 square foot retail space on the first floor, complemented by a full basement suitable for storage. The property also includes a 1,450 square foot apartment on the upper level, featuring two bedrooms and a loft that could serve as a third bedroom. Parking is available at the rear of the building. A billboard on the side of the building provides an additional revenue stream. The total property size is 3,410 square feet.
Key Highlights
- Retail space on the 1st floor (1,960 sf) with full basement
- Two‑bedroom apartment upstairs (1,450 sf) with loft (potential 3rd bedroom)
- Billboard on the side of the building for additional revenue
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.7k | $21.60 |
| − Vacancy | −$7.4k | −$2.16 |
| EGI | $66.3k | $19.44 |
| − OpEx | −$24.9k | −$7.29 |
| NOI | $41.4k | $12.15 |
3,410 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$591.9K
$517.9K – $690.5K
NOI $41,432 @ 7.0% cap · market cap 3.77%
Second Best
Retail
$561.6K
$491.4K – $655.2K
NOI $39,314 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$677.9K
$593.1K – $790.8K
NOI $47,450 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring retail space and residential apartment.
Where is this mixed-use property located?
The property is located at 2041 MADISON RD Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Retail space on the 1st floor (1,960 sf) with full basement; Two‑bedroom apartment upstairs (1,450 sf) with loft (potential 3rd bedroom); Billboard on the side of the building for additional revenue
