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London, OH Mixed-Use Property

50 South Main Street London, OH 43140

50 South Main Street, London, OH, 43140

$789,900

For Sale

$789,900

Mixed-use property with retail and residential units in London, OH.

Property Size7,372 SF

Price / SF$107.15

AddedNov 24, 2025

Days on Market232

Last RefreshJul 5 at 9:16 am

Property Features for 50 South Main Street

General Information

Standard status: Active
Size: 7,372 SF
Property subtype: Multi-Family / Mixed Use

Building Details

Year Built: 1890

Listing office Red 1 Realty

Listing date Nov 24, 2025

Source Compass

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 Red 1 Realty

Investment Insights

Based on property information with market context.

This mixed-use property is located in London, OH, and features both retail and residential spaces. The building includes three residential units on the second floor. The first floor is occupied by a retail space that is currently leased through August 2027. Each unit is equipped with new HVAC units and appliances, including a washer and dryer.

Key Highlights

10% CAP Rate: Great cash flow opportunity.
Leased Retail Space: First floor retail space leased thru August 2027 providing immediate income.
Three Residential Units: Three separate residential units on the second floor.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.3k	$5.88
− Vacancy	−$1.6k	−$0.21
EGI	$41.8k	$5.67
− OpEx	−$12.5k	−$1.70
NOI	$29.3k	$3.97

7,372 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%

Alternative Uses

Best Use

Apartment 5plus

$1.09M

$952.2K – $1.27M (±1% cap)

NOI $76,179 @ 7.0% cap · market cap 9.64%

Second Best

Mixed Use

$1.07M

$933.0K – $1.24M (±1% cap)

NOI $74,642 @ 7.0% cap · market cap 9.45%

Theoretical Best

Warehouse

$1.49M

$1.30M – $1.73M (±1% cap)

NOI $104,009 @ 7.0% cap · market cap 13.17%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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For sale
Mixed-use properties
OH
London
43140
50 South Main Street

What type of property is this?

Mixed-use property - Mixed-use property with retail and residential units in London, OH.

Where is this mixed-use property located?

The property is located at 50 South Main Street London, OH.

What is the asking price?

The asking price for this property is $789,900.

What are key features of this property?

This property features: 10% CAP Rate: Great cash flow opportunity.; Leased Retail Space: First floor retail space leased thru August 2027 providing immediate income.; Three Residential Units: Three separate residential units on the second floor.