Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    317 E Main St Alliance, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $175,000

    Two-story building in revitalizing downtown area with redevelopment potential.

    Type:RETAIL
    Property size:
    6,600 SF
    Lot size:
    0.07 Acres
    Added:
    Jul 30, 2025
    Days on Market:
    246
    Last Refresh:
    Mar 29 at 10:24 pm

    Property Features for 317 E Main St

    General Information

    Standard status
    Active
    Size
    6,600 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew Wilson
    Matthew Wilson

    Listing agent Matthew Wilson License #SAL.2023005004

    Listing office Platz Realty Group

    Listing date Jul 30, 2025

    Source Moodyscre

    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 Platz Realty Group

    Overview

    Downtown Alliance Redevelopment Opportunity

    This two-story property, situated in the heart of revitalizing Downtown Alliance, presents a redevelopment opportunity. The building features a new roof and is located next to Arch Park. The property offers potential for various redevelopment projects, including a mixed-use concept with apartments over retail space. The property size is 6,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Camelot Community Project Association / Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.1122
    Latitude
    40.9219

    Nearby Similar for Sale

    • $384,900

      Commercial Building in High-Traffic Area

      Versatile commercial space in Alliance, OH, suitable for various businesses.
      1420 W Main Street, Alliance, OH 44601
      View Details
    • $329,900

      Commercial Building in High-Traffic Area

      Versatile commercial building in Alliance, OH, suitable for various businesses.
      1420 W Main Street, Alliance, OH 44601
      View Details
    • $399,900
      6,936 SF

      Renovated 4-Unit Apartment Complex

      Renovated 4-unit apartment complex in a desirable location.
      203 Glamorgan Street, Alliance, OH 44601
      View Details
    • $175,000

      Salon with Business Potential

      Versatile property with excellent visibility on a main road.
      700 N Union Avenue, Alliance, OH 44601
      View Details
    • $119,900
      5,500 SF

      Mixed-Use Property in Downtown Alliance

      Versatile mixed-use property with storefront and apartment in Alliance, OH.
      361 E Main Street, Alliance, OH 44601
      View Details
    • $119,900

      High Visibility Commercial Property

      Prime commercial property with high traffic and endless potential.
      1077 W State Street, Alliance, OH 44601
      View Details
    • $99,900
      1,808 SF

      Spacious Duplex in Marlboro Township

      Versatile duplex in Marlboro Township with recent updates.
      9478 edison NE, Alliance, OH 44601
      View Details
    • $570,000

      Alliance, Ohio Church For Sale

      Church with sanctuary, classrooms, offices, fellowship area, and parking.
      1441 W Vine St, Alliance, OH 44601
      View Details
    • $195,000

      Thriving Deli and Retail Store

      Retail store on 2.64 acres with frontage.
      22810 Alliance-Sebring Road, Alliance, OH 44601
      View Details
    • $2,100,000

      Former Rite Aid For Sale

      Corner lot property with drive-thru and high traffic count.
      1895 W State St, Alliance, OH 44601
      View Details
    • $670,000
      26,300 SF

      Alliance Ohio Church For Sale

      Church with sanctuary, classrooms, offices, fellowship area, and parking.
      1441 W Vine St, Alliance, OH 44601
      View Details
    • $2,100,000
      11,279 SF

      Former Retail Building For Sale

      Former Rite Aid available for sale or lease in Ohio.
      1895 W State St, Alliance, OH 44601
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-story building in revitalizing downtown area with redevelopment potential.
    Where is this retail space located?
    The property is located at 317 E Main St Alliance, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Redevelopment opportunity in revitalizing Downtown Alliance.; Huge upside potential for apartment over retail conversion.; Located next to Arch Park.
    (330) 757-4889
    We can help!
    Listing Contact
    Matthew Wilson
    Matthew Wilson
    Real Estate License ID: SAL.2023005004
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!