Medical Office Building with Flexible
226 E Burwell St. Loudonville, OH 44842
For Sale
$340,000
COMMERCIAL - Loudonville, OH
Property Size1,668 SF
Lot Size0.60 Acres
Price / SF$203.84
Days on Market39
Property Features for 226 E Burwell St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- B08-039-0-0098-00
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Description
- R=39 LOT 827 - 828 - 829
- Tax Annual Amount
- 3039
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Roof type
- Shingle
Listing Agency:
Howard Hanna Real Estate Services- Mohican Office
(419) 920-4100
Listed By:
Tracy Kauffman · License #2002002519
(330) 231-4044
Added: Jun 15
Changed: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# 10231122
Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building is currently configured as a medical office and totals 1,668 square feet. Interior walls are non-load-bearing, which allows for an open-concept design and customizable layout options for a range of business needs. The sale includes the real estate only, with any business not included.
The property sits on three parcels, providing ample business parking for clients, patients, or employees. Located in the Mohican/Loudonville area at 226 E Burwell St., it presents a convenient, established commercial setting for prospective owners and operators.
The property sits on three parcels, providing ample business parking for clients, patients, or employees. Located in the Mohican/Loudonville area at 226 E Burwell St., it presents a convenient, established commercial setting for prospective owners and operators.
Key Highlights
- 1,668 SF building built in 1988 with forced air heating and shingle roof
- Currently configured as a medical office; interior walls are non‑load‑bearing for flexible re‑layout
- Three‑parcel property with ample on‑site business parking for clients, patients, or employees
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.6k | $21.96 |
| − Vacancy | −$4.6k | −$2.75 |
| EGI | $32.1k | $19.22 |
| − OpEx | −$12.8k | −$7.69 |
| NOI | $19.2k | $11.53 |
1,668 SF · lease $21.96/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 5.66%
Second Best
Office B
$228.2K
$199.7K – $266.2K
NOI $15,973 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$314.8K
$275.4K – $367.2K
NOI $22,034 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Byland Animal Hospital — 529 Wooster Rd, Loudonville, OH 44842
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- Davis Lori DVM — 529 Wooster Rd, Loudonville, OH 44842
- Cawrse Rebecca DVM — 529 Wooster Rd, Loudonville, OH 44842
- Byers Jeffrey E DVM — 529 Wooster Rd, Loudonville, OH 44842
FAQs
What type of property is this?
Medical Office Space - Medical office building with non-load-bearing interior walls and parking across three parcels.
Where is this medical office space located?
The property is located at 226 E Burwell St. Loudonville, OH.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,668 SF building built in 1988 with forced air heating and shingle roof; Currently configured as a medical office; interior walls are non‑load‑bearing for flexible re‑layout; Three‑parcel property with ample on‑site business parking for clients, patients, or employees
