Downtown Mixed-Use Redevelopment
207 N MAIN ST, Marysville, OH 43040
For Sale
Contact for pricing
Single-story commercial building at a downtown corner, with Uptown Commercial designation and mixed-use redevelopment contemplated.
Property Size8,497 SF
Price / SF$175.94
Days on Market53
Property Features for 207 N MAIN ST
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Road Access
Building Details
Buildings
Stories
Tenancy
Abandoned
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Noah Kahkonen · License #2020001513
(614) 707-8432
Source:
Moodyscre
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 6 at 11:51AM
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 Best Corporate Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property comprises an 8,497-square-foot parcel at the corner of Joseph and North Main in downtown Marysville. Improvements include a ±9,015 SF single-story building currently occupied by the Marysville Tribune. The site carries the city's Uptown Commercial designation.
The property is positioned between downtown Marysville and the Water and Light District redevelopment to the north. That 17-acre project is planned to include 250 apartments, a grain-silo entertainment venue, and a repurposed water plant amenity building. The redevelopment concept for this site calls for retail and food-and-beverage uses at grade, apartments above, and a building of up to three stories.
The property is positioned between downtown Marysville and the Water and Light District redevelopment to the north. That 17-acre project is planned to include 250 apartments, a grain-silo entertainment venue, and a repurposed water plant amenity building. The redevelopment concept for this site calls for retail and food-and-beverage uses at grade, apartments above, and a building of up to three stories.
Key Highlights
- 8,497‑square‑foot parcel at the corner of Joseph and North Main
- ±9,015 SF single‑story building currently occupied by the Marysville Tribune
- Uptown Commercial designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,615
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,092,300
$2.1M
Cap Rate 7%
$1,494,500
$1.5M
Cap Rate 9%
$1,162,389
$1.2M
Market Conditions
NOI Build-Up for 8,497 SF
Gross rent
$183.5K $21.60/SF
− Vacancy
−$44.0K −$5.18/SF
EGI
$139.5K $16.42/SF
− OpEx
−$34.9K −$4.10/SF
NOI
$104.6K $12.31/SF
Area
Union County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,092,300
Cap Rate 7%
$1,494,500
Cap Rate 9%
$1,162,389
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,615 @ 7.0% cap · market cap 7.00%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,189 @ 7.0% cap · market cap 5.43%
Theoretical Best
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,881 @ 7.0% cap · market cap 8.02%
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
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
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Business Placement
Demographics for 43040, OH
35,853
Population
14,238
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
166.3 sq mi
ZIP Area
216
Density / Sq Mi
$96,320
Median Household Income
$51,951
Median Earnings
$1,180
Median Rent
$275,700
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 - Single-story commercial building at a downtown corner, with Uptown Commercial designation and mixed-use redevelopment contemplated.
Where is this mixed-use property located?
The property is located at 207 N MAIN ST Marysville, OH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 8,497‑square‑foot parcel at the corner of Joseph and North Main; ±9,015 SF single‑story building currently occupied by the Marysville Tribune; Uptown Commercial designation
