Industrial Warehouse with Rail
816 Milan Street N, Canal Fulton, OH 44614
For Sale
$1,000,000
CommercialSale, Canal Fulton, OH
Property Size20,000 SF
Lot Size3.70 Acres
Price / SF$50
Days on Market95
Property Features for 816 Milan Street N
General Information
Property type
Property subtype
Zoning description
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Roof type
Listing Agency:
Kiko
(330) 453-9187
Listed By:
Colton J Kiko · License #2019001100
(330) 614-2478
Added: Aug 5
Changed: Oct 16
Last Checked: Nov 7 at 8:06PM
MLS# 5234423
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This industrial warehouse property spans 3.7 acres and includes a 20,000+ sq. ft. facility. The principal building provides 14,000+ sq. ft. of heated warehouse area with 13'6" ceilings, six exterior loading docks, two 5-ton overhead cranes, and air lines throughout. Recent improvements include concrete floors, 480V electric service, gas radiant tube heat, and a fire-rated wall and door system with ProTec alert equipment.
The climate-controlled office component measures 1,800 sq. ft. and contains five separate rooms and bathrooms. A 60'x80' cold-storage pole building adds concrete floors and electric service. The enclosed site has a 5 ft. chain-link fence with two gate entrances, public water and sewer, natural gas, and railroad siding along the R.J. Corman railroad. The property is currently operating as a pallet facility and is located within 30 minutes of Akron, Canton, Medina, and Wooster.
The climate-controlled office component measures 1,800 sq. ft. and contains five separate rooms and bathrooms. A 60'x80' cold-storage pole building adds concrete floors and electric service. The enclosed site has a 5 ft. chain-link fence with two gate entrances, public water and sewer, natural gas, and railroad siding along the R.J. Corman railroad. The property is currently operating as a pallet facility and is located within 30 minutes of Akron, Canton, Medina, and Wooster.
Key Highlights
- 20,000+ sq. ft. industrial facility on 3.7 acres
- 14,000+ sq. ft. heated warehouse area with 13'6" ceilings
- Six exterior loading docks and two 5‑ton overhead cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,051
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,641,020
$1.6M
Cap Rate 7%
$1,172,157
$1.2M
Cap Rate 9%
$911,678
$911.7K
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$98.2K $4.91/SF
− Vacancy
−$1.7K −$0.08/SF
EGI
$96.5K $4.83/SF
− OpEx
−$14.5K −$0.72/SF
NOI
$82.1K $4.10/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,641,020
Cap Rate 7%
$1,172,157
Cap Rate 9%
$911,678
Alternative Uses
Best Use
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,051 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$5.22M
$4.57M – $6.09M
NOI $365,526 @ 7.0% cap · market cap 36.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
6
Dock-high doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44614, OH
12,922
Population
5,961
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
567
Density / Sq Mi
$83,143
Median Household Income
$47,580
Median Earnings
$932
Median Rent
$201,700
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Stark County, OH
Properties on Market for Warehouses in Stark County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - I-1 industrial property with warehouse, office, loading, and cold-storage improvements.
Where is this warehouse located?
The property is located at 816 Milan Street N Canal Fulton, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 20,000+ sq. ft. industrial facility on 3.7 acres; 14,000+ sq. ft. heated warehouse area with 13'6" ceilings; Six exterior loading docks and two 5‑ton overhead cranes
