Historic Wedding Venue with Commercial
221 N Main Street, Bellefontaine, OH 43311
For Sale
$495,000
Commercial Sale, Bellefontaine, OH
Property Size8,700 SF
Lot Size0.56 Acres
Price / SF$56.90
Days on Market827
Property Features for 221 N Main Street
General Information
Property type
Property subtype
Zoning description
Basement
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Building Details
Year built
Building materials
Buildings
Listing Agency:
Bell Hankins Realty Group, LLC
Listed By:
Heidi Baker · License #2018000866
(937) 935-2450
Added: Aug 5, 2024
Changed: Oct 24
Last Checked: Nov 9 at 5:06AM
MLS# 1033511
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The former Elks Building is a 8,700-square-foot brick commercial property constructed in 1945. Its improvements include a large commercial kitchen, two walk-in coolers, forced-air heating, natural gas service, and public sewer. The building’s character and existing layout support event-oriented operations, with the second floor identified for possible bridal suites, studios, or co-working space.
Located at 221 N Main Street in downtown Bellefontaine, the property is near Airbnb accommodations, restaurants, coffee shops, and retail stores. A paved parking lot serves the building, while a second rear parcel provides additional parking area. The property is zoned B2 Downtown Business District and includes 0.56 acres.
Located at 221 N Main Street in downtown Bellefontaine, the property is near Airbnb accommodations, restaurants, coffee shops, and retail stores. A paved parking lot serves the building, while a second rear parcel provides additional parking area. The property is zoned B2 Downtown Business District and includes 0.56 acres.
Key Highlights
- 8,700‑square‑foot brick building constructed in 1945
- Large commercial kitchen with two walk‑in coolers
- Second floor identified for bridal suites, studios, or co‑working space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,993
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,860
$739.9K
Cap Rate 7%
$528,471
$528.5K
Cap Rate 9%
$411,033
$411.0K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$51.2K $5.88/SF
− Vacancy
−$1.8K −$0.21/SF
EGI
$49.3K $5.67/SF
− OpEx
−$12.3K −$1.42/SF
NOI
$37.0K $4.25/SF
Area
Logan County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,860
Cap Rate 7%
$528,471
Cap Rate 9%
$411,033
Alternative Uses
Best Use
Specialty Retail
$528.5K
$462.4K – $616.6K
NOI $36,993 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$510.7K
$446.9K – $595.8K
NOI $35,750 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,933 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Wedding venue - Brick downtown property includes a commercial kitchen, walk-in coolers, and parking improvements.
Where is this wedding venue located?
The property is located at 221 N Main Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 8,700‑square‑foot brick building constructed in 1945; Large commercial kitchen with two walk‑in coolers; Second floor identified for bridal suites, studios, or co‑working space
