Retail and Apartment Investment
533 North Main Street, North Canton, OH
For Sale
Contact for pricing
7,056 SF property with retail space and apartments.
Property Size7,056 SF
Lot Size0.46 Acres
Price / SF$120.46
Days on Market350
Property Features for 533 North Main Street
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Jared Sanford · License #SAL.2019004940
(330) 354-3466
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Oct 26
Last Checked: Nov 8 at 3:02AM
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
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Investment Insights
Based on property information with market context.
This 7,056 SF property, constructed in 1947 and renovated in 1986, presents a prime opportunity for retail and free-standing building investors. Zoned MS-C Main Street Center, the property is situated in the Stark County area, suitable for various commercial ventures. The property includes income from two 2-bedroom, 1-full bath apartments above, each equipped with a washer/dryer and central air, and currently rented for $800 per month. Approximately 1,600 SF to 3,239 SF of retail space is available. The North Canton area is experiencing significant growth, making it an ideal location for retail businesses. A newly proposed Fire and EMS building at Main and Viking Streets, just a block away, underscores the area's continued investment in infrastructure. The recent opening of a Meijer store nearby has attracted increased attention from national retailers, further boosting the local market. Stark County’s thriving commercial environment, combined with its expanding amenities and strong traffic flow, makes this a prime location for businesses looking to establish or grow their presence. The property also benefits from its proximity to the Pro Football Hall of Fame, a nationally recognized destination that attracts a steady stream of visitors, further enhancing business visibility and potential in the area.
Key Highlights
- Prime location in Stark County with MS‑C Main Street Center zoning.
- Income‑generating property with two 2‑bedroom apartments renting for $800/month each.
- Located in a growing area of North Canton, benefiting from new infrastructure investments.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,681
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,620
$1.0M
Cap Rate 7%
$738,300
$738.3K
Cap Rate 9%
$574,233
$574.2K
Market Conditions
NOI Build-Up for 7,056 SF
Gross rent
$97.4K $13.80/SF
− Vacancy
−$3.4K −$0.48/SF
EGI
$94.0K $13.32/SF
− OpEx
−$42.3K −$5.99/SF
NOI
$51.7K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,620
Cap Rate 7%
$738,300
Cap Rate 9%
$574,233
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,958 @ 7.0% cap · market cap 15.17%
Second Best
Apartment 5plus
$738.3K
$646.0K – $861.4K
NOI $51,681 @ 7.0% cap · market cap 6.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
504
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Market
Average Price Trend$/SF for Retail space in Stark County, OH
Properties on Market for Retail space in Stark County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - 7,056 SF property with retail space and apartments.
Where is this retail space located?
The property is located at 533 North Main Street 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: Prime location in Stark County with MS‑C Main Street Center zoning.; Income‑generating property with two 2‑bedroom apartments renting for $800/month each.; Located in a growing area of North Canton, benefiting from new infrastructure investments.
