Historic Downtown Storefront
For Sale
$955,000
41 W MAIN Street, Mesa, AZ 85201
Built in 1920 and positioned near light rail in downtown Mesa.
Property Size4,500 SF
Days on Market158
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Property Features for 41 W MAIN Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$2,961
Building Details
Building Size
4,500 SF
Year Built
1920
Listing Agency:
JPAR Vantage
Listed By:
Richard McCusker · License #SA540550000
(480) 570-6739
Source:
Alexiabertsatos
Added: May 11
Changed: Oct 2
Last Checked: Oct 15 at 4:46AM
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 JPAR Vantage
Investment Insights
Based on property information with market context.
This storefront property at 41 W Main St offers a 4,500-size commercial asset in downtown Mesa. Constructed in 1920, the property presents an established building profile for an owner or operator seeking a central commercial address.
The property is near light rail and close to the ASU Campus, placing it within an active downtown setting. Its storefront format supports a range of commercial possibilities, including retail and service-oriented business concepts, subject to applicable requirements and approvals.
The property is near light rail and close to the ASU Campus, placing it within an active downtown setting. Its storefront format supports a range of commercial possibilities, including retail and service-oriented business concepts, subject to applicable requirements and approvals.
Key Highlights
- Downtown Mesa storefront at 41 W Main St
- Built in 1920
- Near light rail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,151
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,020
$1.0M
Cap Rate 7%
$716,443
$716.4K
Cap Rate 9%
$557,233
$557.2K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$78.3K $17.40/SF
− Vacancy
−$6.7K −$1.48/SF
EGI
$71.6K $15.92/SF
− OpEx
−$21.5K −$4.78/SF
NOI
$50.2K $11.14/SF
Area
ZIP 85201
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,020
Cap Rate 7%
$716,443
Cap Rate 9%
$557,233
Alternative Uses
Best Use
Retail
$716.4K
$626.9K – $835.9K
NOI $50,151 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,648 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 33%
Home Improvements & Furnishings 10%
Jimmy John's
Dining
20,688 visits/mo
0.2 miles
Taco Bell
Dining
9,728 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,847 visits/mo
0.4 miles
Bank of America
Shops & Services
7,557 visits/mo
0.1 miles
Dairy Queen
Dining
6,215 visits/mo
0.4 miles
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Crismon's Flowers — ENTER ON, 144 West Main Street, E Main St, Mesa, AZ 85201
- Numina Florist & Same Day Flower Delivery — 12 N Center St #100, Mesa, AZ 85201, United States
- Flower Shop — 606 e main st, mesa, az 85203
- La La Libertine — 40 n macdonald #3, mesa, az 85201
- Zuzu's Petals — 40 n macdonald, mesa, az 85201
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1920 and positioned near light rail in downtown Mesa.
Where is this storefront property located?
The property is located at 41 W MAIN Street Mesa, AZ.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Downtown Mesa storefront at 41 W Main St; Built in 1920; Near light rail
