Multi-Family Redevelopment Opportunity in
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2137 Lincoln Way E, Wooster, OH 44691
40-unit redevelopment opportunity with amenities in Wooster, Ohio.
Property Size275 SF
Price / SF$3,981
Days on Market180
Property Features for 2137 Lincoln Way E
General Information
Standard status
Active
Size
275 SF
Property subtype
Multifamily
Building Details
Year Built
1987
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Tim Shalala · License #OH1384
Source:
Crexi
Added: Feb 23
Changed: Aug 17
Last Checked: Aug 22 at 9:34AM
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 Gerspacher Real Estate Group
Investment Insights
Based on property information with market context.
This multi-family redevelopment opportunity is located along East Lincoln Way in Wooster, Ohio. Formerly an expansion of Econo Lodge Wooster, the property includes 40 units, each containing 1 bedroom and 1 bathroom. The units are approximately 275 square feet and could be redeveloped into efficiency apartments by adding a small kitchenette within each unit. All 40 units contain their own mini-split systems which have been regularly serviced and maintained. On-site laundry facilities are available along with a fitness center and a heated indoor pool. The property has a parking capacity of approximately 70 vehicles.
Key Highlights
- Multi‑Family Redevelopment Opportunity with 40 existing 1‑bedroom, 1‑bathroom units.
- Potential to redevelop units into efficiency apartments by adding kitchenettes.
- Each unit equipped with regularly serviced and maintained mini‑split systems.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 44691, OH
44,666
Population
19,369
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
154.9 sq mi
ZIP Area
288
Density / Sq Mi
$71,319
Median Household Income
$37,322
Median Earnings
$881
Median Rent
$216,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 40-unit redevelopment opportunity with amenities in Wooster, Ohio.
Where is this apartment building located?
The property is located at 2137 Lincoln Way E Wooster, OH.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Multi‑Family Redevelopment Opportunity with 40 existing 1‑bedroom, 1‑bathroom units.; Potential to redevelop units into efficiency apartments by adding kitchenettes.; Each unit equipped with regularly serviced and maintained mini‑split systems.
