Mixed-Use Property with
For Sale
$295,000
423 N Main Street, Findlay, OH 45840
A rear-alley overhead door serves the warehouse space, with street parking available along the property.
Property Size6,554 SF
Price / SF$45.01
Days on Market200
Property Features for 423 N Main Street
General Information
Standard status
Active
Size
6,554 SF
Property subtype
Retail
Warehouse & Industrial
Warehouse Space
3,000 SF
Drive-In Doors
1
Loading
Rear Load
Additional Details
Mixed-Use Components
warehouse, retail, office
Tenant in Place
Yes
Property Use
Warehouse, Retail, Office
Amenities
restrooms
overhead door
rear alley loading/unloading
Building Details
Year Built
1908
Buildings
1
Building Size
6,554 SF
Listing Agency:
Northwest Real Estate Services
Listed By:
Curt Sigg
(419) 438-8898
Source:
Nwohiohomes
Added: Apr 14
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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 Northwest Real Estate Services
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Investment Insights
Based on property information with market context.
This 6,554-square-foot mixed-use property at 423 N Main Street in Findlay combines retail, office, and warehouse areas. Approximately 3,200 square feet at the front is leased, subject to tenants’ rights, while the rear includes 3,000 square feet of warehouse space. A 10' x 10' double-wide overhead door provides rear-alley loading access, and the building has up to three restrooms. Built in 1908, it has a metal roof installed in 2017, updated hanging furnaces in the warehouse and rear area, and a retail-area HVAC system installed in 2024.
Street parking is available at the property, with additional parking nearby.
Street parking is available at the property, with additional parking nearby.
Key Highlights
- 6,554‑square‑foot mixed‑use building with retail, office, and warehouse areas
- Approximately 3,200 SF at the front is leased; tenants’ rights prevail
- Rear warehouse contains 3,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,011
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,220
$520.2K
Cap Rate 7%
$371,586
$371.6K
Cap Rate 9%
$289,011
$289.0K
Market Conditions
NOI Build-Up for 6,554 SF
Gross rent
$38.5K $5.88/SF
− Vacancy
−$1.4K −$0.21/SF
EGI
$37.2K $5.67/SF
− OpEx
−$11.1K −$1.70/SF
NOI
$26.0K $3.97/SF
Area
Hancock County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,220
Cap Rate 7%
$371,586
Cap Rate 9%
$289,011
Alternative Uses
Best Use
Mixed Use
$1.09M
$955.7K – $1.27M
NOI $76,459 @ 7.0% cap · market cap 25.92%
Second Best
Warehouse
$467.2K
$408.8K – $545.1K
NOI $32,703 @ 7.0% cap · market cap 11.09%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,967 @ 7.0% cap · market cap 43.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
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Business Placement
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A rear-alley overhead door serves the warehouse space, with street parking available along the property.
Where is this mixed-use property located?
The property is located at 423 N Main Street Findlay, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 6,554‑square‑foot mixed‑use building with retail, office, and warehouse areas; Approximately 3,200 SF at the front is leased; tenants’ rights prevail; Rear warehouse contains 3,000 SF
