Leased Mixed-Use
For Sale
$269,900
4100 Cleveland Avenue NW, Canton, OH 44709
B-3 General Business zoning and three current occupants shape this Canton property.
Property Size2,827 SF
Price / SF$95.47
Days on Market15
Property Features for 4100 Cleveland Avenue NW
General Information
Standard status
Active
Size
2,827 SF
Total Parking Spaces
18
Property subtype
Business
Zoning
B-3
Occupancy
100%
Additional Details
Gross Income
$33,600
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,735
Building Details
Building Size
2,827 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Cutler Real Estate
Listed By:
Beth P Miller · License #414295
(330) 268-3757
Source:
Lifestagesrealty
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 3:30PM
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 Cutler Real Estate
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Investment Insights
Based on property information with market context.
This 2,827-square-foot mixed-use building in Canton dates to 1940 and contains a beauty shop, office areas, two kitchens, one full bathroom, three half bathrooms, and a laundry and utility room. The property is occupied by a beauty salon, a photographer, and a midwifery practice, with leases extending through July 2, 2027, September 19, 2027, and September 27, 2027, respectively. Building systems include three furnaces, three air conditioning units, a window unit, and a hot water tank installed in August 2025. The owner pays utilities.
Recent work includes a roof, sidewalk, furnace and air conditioning unit, flooring, lighting, windows, office carpet, bathroom vanities, exterior and interior paint, awning, porches, handrails, and a remodeled half bathroom. Other improvements include lintel repairs, some newer plumbing, attic insulation, kitchen cabinets and countertop, two refrigerators, and a washer hookup. There are two front entrances and a private side entrance, plus 18 parking spaces and access to street parking. The property is zoned B-3 General Business.
Recent work includes a roof, sidewalk, furnace and air conditioning unit, flooring, lighting, windows, office carpet, bathroom vanities, exterior and interior paint, awning, porches, handrails, and a remodeled half bathroom. Other improvements include lintel repairs, some newer plumbing, attic insulation, kitchen cabinets and countertop, two refrigerators, and a washer hookup. There are two front entrances and a private side entrance, plus 18 parking spaces and access to street parking. The property is zoned B-3 General Business.
Key Highlights
- 2,827‑square‑foot building on Cleveland Avenue NW in Canton, Ohio
- Three occupants: beauty salon, photographer, and midwifery practice
- Leases extend through 7‑2‑27, 9‑19‑27, and 9‑27‑27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,463
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,260
$189.3K
Cap Rate 7%
$135,186
$135.2K
Cap Rate 9%
$105,144
$105.1K
Market Conditions
NOI Build-Up for 2,827 SF
Gross rent
$16.6K $5.86/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$15.1K $5.36/SF
− OpEx
−$5.7K −$2.01/SF
NOI
$9.5K $3.35/SF
Area
Stark County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,260
Cap Rate 7%
$135,186
Cap Rate 9%
$105,144
Alternative Uses
Best Use
Healthcare Medical
$492.2K
$430.7K – $574.3K
NOI $34,455 @ 7.0% cap · market cap 12.77%
Second Best
Office B
$488.0K
$427.0K – $569.3K
NOI $34,157 @ 7.0% cap · market cap 12.66%
Theoretical Best
Retail
$738.1K
$645.8K – $861.1K
NOI $51,667 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
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Business Placement
Demographics for 44709, OH
18,509
Population
9,218
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,191
Density / Sq Mi
$53,144
Median Household Income
$34,941
Median Earnings
$818
Median Rent
$149,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-3 General Business zoning and three current occupants shape this Canton property.
Where is this mixed-use property located?
The property is located at 4100 Cleveland Avenue NW Canton, OH.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,827‑square‑foot building on Cleveland Avenue NW in Canton, Ohio; Three occupants: beauty salon, photographer, and midwifery practice; Leases extend through 7‑2‑27, 9‑19‑27, and 9‑27‑27
