531 N Main Street North Canton, OH 44720
First-floor storefront and restaurant space sits above two 2-bedroom apartments, with 32 parking spaces and a detached garage.
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 10 at 3:18 am
Property Features for 531 N Main Street
General Information
- Standard status
- Active
- Size
- 5,956 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1947
Listing office NAI Spring (330) 284-0331
Listing date Jul 8, 2026
Source Crexi
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 NAI Spring
Investment Insights
Based on property information with market context.
Located at 531 N Main Street in North Canton, the property is in the heart of the city and is less than one mile south of a new Meijer redevelopment.
Overall, the building is configured to support retail/restaurant activity on the street level while maintaining separate residential units above.
Key Highlights
- 1st‑floor storefront and restaurant space totaling 3,528 SF with visible storefront
- Second‑floor layout includes two 2‑bedroom apartments
- 32 on‑site parking spaces
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.3k | $15.00 |
| − Vacancy | −$2.9k | −$0.50 |
| EGI | $86.4k | $14.50 |
| − OpEx | −$21.6k | −$3.63 |
| NOI | $64.8k | $10.88 |
