Multi-Use Commercial
832 South Main Street North Canton, OH 44720
832 South Main Street, North Canton, OH, 44720
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For Sale
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Multi-use commercial building with three separately metered units, deck, patio, and parking for approximately 10 vehicles.
Property Size7,350 SF
Price / SF$115.65
Days on Market88
Property Features for 832 South Main Street
General Information
- Standard status
- Active
- Size
- 7,350 SF
- Property subtype
- Mixed Use, Multifamily, Hospitality
Building Details
- Year Built
- 1910
Listing agency
Berkshire Hathaway HomeServices Professional Realty
Listed by
Luke Schmidt · License #SAL.2019006371
Source
Crexi
Added: Apr 25 Updated: Jul 20 at 11:50PM Checked: Jul 21 at 9:17AM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
This multi-use commercial building includes a main level used as a bed & breakfast, an upstairs one-bedroom apartment, and a lower-level unit with a finished workshop area and apartment with walk-out access to a patio. The main level features a front sitting room, library, common areas, multiple bedrooms and full bathrooms, a laundry room, and a large kitchen and dining area, along with access to a custom teak deck with water, electric, and gas. The property also includes climate-controlled attic space above the apartment.
The building is located on South Main Street, the central commercial corridor of North Canton, with an average traffic count of 11,300 vehicles per day. A zoning designation of MS-S is noted, and the seller indicates the property was previously used as the only bed & breakfast in North Canton, with potential for other uses subject to zoning approval.
A massive 1986 addition is described as using solid 2x6 construction with insulated concrete forms and exterior Briar Hill Sandstone. The property has a 2-car attached garage with heat and running water, a concrete driveway, and a parking lot for approximately 10 vehicles. An occupancy permit allows a 4-bedroom traditional bed & breakfast plus 2 AirBnB units, or long-term tenants. Gas and electric are separately metered for all 3 units, and each unit has separate furnace and AC. Updates include a 2015 roof, bathroom updates in 2016, and flooring in 2023, along with two new tankless water heaters.
The building is located on South Main Street, the central commercial corridor of North Canton, with an average traffic count of 11,300 vehicles per day. A zoning designation of MS-S is noted, and the seller indicates the property was previously used as the only bed & breakfast in North Canton, with potential for other uses subject to zoning approval.
A massive 1986 addition is described as using solid 2x6 construction with insulated concrete forms and exterior Briar Hill Sandstone. The property has a 2-car attached garage with heat and running water, a concrete driveway, and a parking lot for approximately 10 vehicles. An occupancy permit allows a 4-bedroom traditional bed & breakfast plus 2 AirBnB units, or long-term tenants. Gas and electric are separately metered for all 3 units, and each unit has separate furnace and AC. Updates include a 2015 roof, bathroom updates in 2016, and flooring in 2023, along with two new tankless water heaters.
Key Highlights
- Multi‑use commercial building built in 1910, zoned MS‑S; previously operated as a bed & breakfast with occupancy for 4‑bedroom traditional B&B plus 2 AirBnB units or long‑term tenants
- Approx. 7,350 SF total with three levels: main level ~3,500 SF, upstairs unit ~1,350 SF, and lower level ~2,500 SF
- Three separately metered units with separate furnace and AC for all 3 units, plus gas and electric separately metered
Local Financial Insights For Multifamily LT 5
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 | $90.8k | $12.36 |
| − Vacancy | −$3.0k | −$0.41 |
| EGI | $87.8k | $11.95 |
| − OpEx | −$26.3k | −$3.58 |
| NOI | $61.5k | $8.36 |
7,350 SF · lease $12.36/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$878.3K
$768.5K – $1.02M
NOI $61,481 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$769.1K
$672.9K – $897.2K
NOI $53,834 @ 7.0% cap · market cap 6.33%
Theoretical Best
Retail
$1.92M
$1.68M – $2.24M
NOI $134,331 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Similar For Sale Nearby
Similar Off Market Nearby
- Poggio Amorelli Bed and Breakfast — 832 S Main St, North Canton, OH 44720
- McKinley Grand Hotel — north canton, oh 44720
FAQs
What type of property is this?
Bed & breakfast - Multi-use commercial building with three separately metered units, deck, patio, and parking for approximately 10 vehicles.
Where is this bed & breakfast located?
The property is located at 832 South 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: Multi‑use commercial building built in 1910, zoned MS‑S; previously operated as a bed & breakfast with occupancy for 4‑bedroom traditional B&B plus 2 AirBnB units or long‑term tenants; Approx. 7,350 SF total with three levels: main level ~3,500 SF, upstairs unit ~1,350 SF, and lower level ~2,500 SF; Three separately metered units with separate furnace and AC for all 3 units, plus gas and electric separately metered
