Two-Level Mixed-Use
329 E Garfield Road, Aurora, OH 44202
For Sale
$1,225,000
CommercialSale, Aurora, OH
Property Size6,000 SF
Lot Size0.50 Acres
Price / SF$204.17
Days on Market27
Property Features for 329 E Garfield Road
General Information
Property type
Property subtype
Zoning description
Rooms
Parking features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Roof type
Buildings
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(330) 929-9278
Listed By:
Brant Jessel · License #436272
(330) 389-0636
Added: Oct 14
Changed: Oct 23
Last Checked: Nov 9 at 4:06AM
MLS# 5253149
Copyright © 2026 MLS Now. 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.
This two-story mixed-use property contains 6,000 square feet, with 3,000 square feet on each level. The first floor is occupied by a restaurant; the upper floor combines office space with a recording studio. The building was updated in 2009 and has an elastomeric roof described as approximately two years old. The 0.5-acre parcel includes a parking lot and garage, with public water and sewer service.
The property fronts State Route 82 on the east side of Aurora. A Snap Fitness facility occupies the adjoining property, and niche boutiques are located across the street. C1 zoning is identified as supporting more than 32 potential uses. Tenants pay all utilities.
The property fronts State Route 82 on the east side of Aurora. A Snap Fitness facility occupies the adjoining property, and niche boutiques are located across the street. C1 zoning is identified as supporting more than 32 potential uses. Tenants pay all utilities.
Key Highlights
- 6,000‑square‑foot building with 3,000 square feet per level
- Restaurant occupies the first floor; offices and a recording studio are upstairs
- C1 zoning with over 32 potential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,327
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,540
$1.6M
Cap Rate 7%
$1,118,957
$1.1M
Cap Rate 9%
$870,300
$870.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$3.6K −$0.59/SF
EGI
$104.4K $17.41/SF
− OpEx
−$26.1K −$4.35/SF
NOI
$78.3K $13.05/SF
Area
Portage County, OH
Vacancy
3.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,540
Cap Rate 7%
$1,118,957
Cap Rate 9%
$870,300
Alternative Uses
Best Use
Specialty Retail
$1.12M
$979.1K – $1.31M
NOI $78,327 @ 7.0% cap · market cap 6.39%
Second Best
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,599 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
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Business Placement
Demographics for 44202, OH
22,167
Population
9,612
Households
2.3
Avg Household Size
46
Median Age
56%
College-Educated
97%
High-School Grad
30.3 sq mi
ZIP Area
732
Density / Sq Mi
$116,556
Median Household Income
$67,796
Median Earnings
$1,701
Median Rent
$356,000
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant, office, and recording studio space are arranged within a C1-zoned property with on-site parking.
Where is this mixed-use property located?
The property is located at 329 E Garfield Road Aurora, OH.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 6,000‑square‑foot building with 3,000 square feet per level; Restaurant occupies the first floor; offices and a recording studio are upstairs; C1 zoning with over 32 potential uses
