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Mixed-Use Income Building
For Sale
Contact for pricing
Pending

205 Spring St, Mansfield, OH 44902

Commercial building with two upstairs 1-bed/1-bath rental units, previously a bar and grille.

Property Size2,531 SF
Days on Market161

Property Features for 205 Spring St

General Information

Standard status Pending
Size 2,531 SF
Property subtype Mixed Use
Zoning Commercial
Occupancy 66%

Additional Details

Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1900
Buildings 1
Stories 2
Units 3
Listing Agency: Dream Huge Realty
Listed By: John Pavlansky · License #OH 2022000938
Source: Crexi
Added: Mar 31 Changed: Aug 12 Last Checked: Aug 11 at 6:39AM

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 Dream Huge Realty

Investment Insights

Based on property information with market context.

This mixed-use commercial building totals 2,531 sq ft and includes two 1-bed/1-bath rental units above a former bar and grille. The property is currently generating $1,325 per month. Recent updates include a serviced furnace and a new sump pump, along with improvements to both units. Unit B features a new entry door, toilet, vanity, kitchen faucet, new ABS plumbing with some PEX, and a new gas heater. Unit A includes a new gas heater, and gas space heaters are installed in both units.

The property also includes two additional parcels that may be well-suited for parking or outdoor space. It is located minutes from SR 30 access, offering flexibility to continue operating as an investment or convert back to a bar or restaurant.

Key Highlights

  • Commercial building with 2,531 sq ft and income‑producing potential, formerly a bar & grille
  • Two upstairs 1‑bed/1‑bath rental units (Unit A and Unit B), currently generating $1,325/month
  • Recent updates include serviced furnace and a new sump pump

Property Analytics

Current Use

Angie's last call Bar & Pub

Suggested Use

Top Pick Pharmacy Gym & Fitness Center Computer & Electronic Repair Skin Care Clinic (Bike/Boat/Book/etc) Store Home Appliance Store

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

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 44902, OH

4,891
Population
2,240
Households
2.2
Avg Household Size
35
Median Age
4%
College-Educated
83%
High-School Grad
2.0 sq mi
ZIP Area
2,446
Density / Sq Mi
$31,619
Median Household Income
$25,636
Median Earnings
$842
Median Rent
$58,500
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial building with two upstairs 1-bed/1-bath rental units, previously a bar and grille.
Where is this mixed-use property located?
The property is located at 205 Spring St Mansfield, OH.
What is the asking price?
The asking price for this property is $64,900.
What are key features of this property?
This property features: Commercial building with 2,531 sq ft and income‑producing potential, formerly a bar & grille; Two upstairs 1‑bed/1‑bath rental units (Unit A and Unit B), currently generating $1,325/month; Recent updates include serviced furnace and a new sump pump
(567) 303-4714 Call to check price and availability
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