Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Building in Stark County Title is generated by Realmo AI

    531-533 N Main St Canton, North Canton, OH 44720

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    7,056 SF retail property in a thriving market.

    Type:Retail
    Property size:
    7 SF
    Price / SF:
    $121,428/SF
    Added:
    Sep 10, 2025
    Days on Market:
    255
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 531-533 N Main St Canton

    General Information

    Standard status
    Active
    Size
    7 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1947

    We can help!

    Listing Contact
    Anthony Maronitis
    Anthony Maronitis

    Listing agent Anthony Maronitis License #BRKP

    Listing office Coldwell Banker Commercial - Aspire Realty Services | Columbus

    Listing date Sep 10, 2025

    Source Cbcworldwide

    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 Coldwell Banker Commercial - Aspire Realty Services | Columbus

    HighLights

    • 7,056 SF property suitable for retail or free‑standing building investment.
    • Zoned MS‑C Main Street Center, allowing for diverse commercial uses.
    • Prime location in the Stark County area.
    • Blend of historic charm (built in 1947) and modern functionality.
    • Renovated in 1986.
    • Valuable asset in a thriving market.

    Overview

    This 7,056 square foot property, constructed in 1947 and renovated in 1986, presents an opportunity for retail and free-standing building investors. Zoned MS-C Main Street Center, the property is located in the Stark County area and is suitable for a range of commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4032
    Latitude
    40.8815

    Nearby Similar for Sale

    • $850,000
      8,300 SF

      North Canton Office Building Opportunity

      8,300 SF office building on 1.04 acres for sale.
      1375 S Main Street, North Canton, OH 44720
      View Details
    • $339,900
      3,784 SF

      North Canton Triplex Investment Opportunity

      Triplex with upside potential in Green Local School District.
      4839 Arlington Road, North Canton, OH 44720
      View Details
    • $359,900
      2,096 SF

      North Canton Townhouse-Style Duplex

      Townhouse-style duplex in North Canton with recent updates.
      3615-3617 Mount Pleasant Street NW, North Canton, OH 44720
      View Details
    • $139,900

      North Canton Office Condo

      Commercial office condo in prime North Canton location.
      1225 S Main Street, North Canton, OH 44720
      View Details
    • $199,900

      Mixed-Use Property in North Canton

      Mixed-use property with commercial space and residential income.
      600 N Main Street, North Canton, OH 44720
      View Details
    • $235,000
      1,260 SF

      Papa John's Leased Investment Property

      Leased Papa John's on Main St with future development potential.
      1115 N Main St, North Canton, OH 44720
      View Details
    • $1,750,000
      10,036 SF

      Former Retail Space For Sale

      10,036 SF retail space available for sale or lease.
      700 N Main St, North Canton, OH 44720
      View Details
    • $575,000
      1,636 SF

      Office/Retail Building For Sale

      Located on the corner of Portage and Frank Road.
      5112 Portage St NW, North Canton, OH 44720
      View Details
    • $10
      4,400 SF

      Functional Office Space Available

      4,400 sq ft office space with flexible floorplan for sale.
      4101 Shuffel Street NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      3,024 SF

      Former Restaurant Space For Sale

      3,024 SF former restaurant space with high visibility.
      5441 Whipple Ave NW, North Canton, OH
      View Details
    • $149,900
      1,037 SF

      North Canton Office Condo Opportunity

      Commercial office condo in prime North Canton location for sale.
      1225 S Main St, North Canton, OH 44720
      View Details
    • $2,500,000

      Renovated Sports Facility on 16.3 Acres

      51,767 SF sports facility on 16.3 acres near I-77.
      5615-5617 Portage St NW, North Canton, OH
      View Details

    FAQs

    What type of property is this?
    Retail property - 7,056 SF retail property in a thriving market.
    Where is this retail property located?
    The property is located at 531-533 N Main St Canton North Canton, OH.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 7,056 SF property suitable for retail or free‑standing building investment.; Zoned MS‑C Main Street Center, allowing for diverse commercial uses.; Prime location in the Stark County area.
    (614) 341-9800
    We can help!
    Listing Contact
    Anthony Maronitis
    Anthony Maronitis
    Real Estate License ID: BRKP
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    531-533 N Main St Canton, OH 44720, OH 44720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!