Financial
Distress signals
Property profile

240 Chestnut St Ravenna, OH 44266

OFF-MARKET
Other office properties
Property ID
US66-2246567
2,700 SF 0.12 ac lot Built 1940
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located in downtown Ravenna, this commercial building provides approximately 2,700 square feet of interior space. The building was constructed in 1940 and underwent remodeling in 1994. It is positioned directly behind the Portage County Courthouse. The layout includes three office units, with each unit containing two to three office rooms. An on-site parking lot is located in front of the building.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$50k
Assessed land$15k
Assessed improvement$35k
Effective rate6.23%

Value estimate

· Sep 2026
$235k
$212k – $259k
AI approach$235k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
County average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$38 – $143
Qualifying comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPORTAGE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.1
Skin Care Clinic10.7
Bakery10.4

Location

240 Chestnut St Ravenna, OH 44266-3003
County assessor Recorded deeds · not on file 17 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
537 Oakwood, Ravenna, OH 44266-2147 $125,000 Oct 2024 1,940 SF
554 Chestnut, Ravenna, OH 44266-2259 $1,280,000 Mar 2024 2,100 SF
250 Prospect, Ravenna, OH 44266-3041 $130,000 Jan 2024 2,800 SF
5581 Prospect, Ravenna, OH 44266-3622 $140,000 Jun 2023 2,000 SF
323 Main, Ravenna, OH 44266-3134 $205,000 Jan 2020 2,500 SF
120 Highland, Ravenna, OH 44266-2242 $160,000 Sep 2019 2,940 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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