Building Details

Year Built 1921

Listing Agency: Century 21 Homestar

Listed By: Anthony D Takacs · License #2014004742 Show Phone

Source: Theacclaimedrealty

Added: Sep 30 Changed: Oct 10 Last Checked: Oct 7 at 1:57PM

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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 Century 21 Homestar

Investment Insights

Based on property information with market context.

The property combines a retail building with a side-by-side duplex. The storefront is occupied by a cell phone sales and repair business under a lease scheduled to end in 2029. Each residence has three bedrooms and one bathroom. Recent duplex work included a roof and vinyl windows installed in 2025, along with updates to the electrical panels, kitchens, bathrooms, flooring, and paint.

The duplex units have separate gas and electric meters. The property is near the I-77 exit in Canton, with reported traffic of 22,337 vehicles per day in front of the site and more than 93,000 vehicles per day at the freeway exit. Nearby businesses include Walmart, CVS, Giant Eagle, and Five Below.

Key Highlights

• Retail storefront leased to a cell phone sales and repair business through 2029
• Side‑by‑side duplex with 3 bedrooms and 1 bathroom in each unit
• Duplex roof and vinyl windows installed in 2025; kitchens, baths, electrical panels, flooring, and paint also updated

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,028

Cap Rate

8.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$460,560 $460.6K

Cap Rate 7%

$328,971 $329.0K

Cap Rate 9%

$255,867 $255.9K

Market Conditions

NOI Build-Up for 1,260 SF

Gross rent

$34.0K $27.00/SF

− Vacancy

−$1.1K −$0.89/SF

EGI

$32.9K $26.11/SF

− OpEx

−$9.9K −$7.83/SF

NOI

$23.0K $18.28/SF

Area

Stark County, OH

Vacancy

3.30%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$460,560

Cap Rate 7%

$328,971

Cap Rate 9%

$255,867

Alternative Uses

Best Use

Retail

$329.0K

$287.9K – $383.8K (±1% cap)

NOI $23,028 @ 7.0% cap · market cap 8.69%

Second Best

Multifamily LT 5

$150.6K

$131.8K – $175.7K (±1% cap)

NOI $10,540 @ 7.0% cap · market cap 3.98%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

PAGE PLUS Electronics & Wireless Store Quality Rest Mattresses Furniture & Home Goods Quad Coin Bitcoin ... Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Parking Lot & Garage Spa & Massage Center Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

978

Businesses Nearby

Explore this area Business Placement

Demographics for 44708, OH

25,386

Population

11,758

Households

2.2

Avg Household Size

44

Median Age

27%

College-Educated

93%

High-School Grad

10.1 sq mi

ZIP Area

2,513

Density / Sq Mi

$60,159

Median Household Income

$37,217

Median Earnings

$926

Median Rent

$164,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A leased retail storefront is paired with a renovated, separately metered two-unit residence.

Where is this mixed-use property located?

The property is located at 2241 Tuscarawas St W Canton, OH.

What is the asking price?

The asking price for this property is $264,900.

What are key features of this property?

This property features: Retail storefront leased to a cell phone sales and repair business through 2029; Side‑by‑side duplex with 3 bedrooms and 1 bathroom in each unit; Duplex roof and vinyl windows installed in 2025; kitchens, baths, electrical panels, flooring, and paint also updated