Building Details

Year built 1900

Building materials Brick, Stone

Listing Agency: BHHS Metro & Fields Realty · Real Living d***@verizon.net

Listed By: Dusty A. Hurst Show Phone

Added: Jun 24 Changed: Sep 12 Last Checked: Oct 15 at 8:06AM

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MLS# 1046665

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Investment Insights

Based on property information with market context.

This 4,736-square-foot mixed-use property includes two storefronts at 9 and 11 S Main Street. The #9 space houses Rush Fitness, with the established business, current memberships, and existing gym equipment included in the sale. The #11 storefront contains an updated office suite with a kitchenette and bath, offering flexibility for professional services, retail, or office use.

The second floor includes two updated apartments connected by a common hall with coin-operated washer and dryer. Each apartment has two bedrooms, one full bath, and large windows facing Main Street. Built in 1900, the brick-and-stone building is served by public sewer and heated by natural gas forced air.

Key Highlights

• 4,736 SF mixed‑use building with two storefronts and two upper‑level apartments
• Sale includes Rush Fitness, current memberships, and existing gym equipment
• Updated office storefront with kitchenette and bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,854

Cap Rate

3.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$317,080 $317.1K

Cap Rate 7%

$226,486 $226.5K

Cap Rate 9%

$176,156 $176.2K

Market Conditions

NOI Build-Up for 4,736 SF

Gross rent

$27.8K $5.86/SF

− Vacancy

−$2.4K −$0.50/SF

EGI

$25.4K $5.36/SF

− OpEx

−$9.5K −$2.01/SF

NOI

$15.9K $3.35/SF

Area

Champaign County, OH

Vacancy

8.60%

Lease Rate

$5.86 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$317,080

Cap Rate 7%

$226,486

Cap Rate 9%

$176,156

Alternative Uses

Best Use

Office B

$813.9K

$712.2K – $949.6K (±1% cap)

NOI $56,974 @ 7.0% cap · market cap 11.40%

Second Best

Mixed Use

$226.5K

$198.2K – $264.2K (±1% cap)

NOI $15,854 @ 7.0% cap · market cap 3.17%

Theoretical Best

Specialty Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,471 @ 7.0% cap · market cap 18.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Law Firm HVAC Service Hair Salon Bakery Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

Explore this area Business Placement

Demographics for 43044, OH

5,352

Population

2,054

Households

2.6

Avg Household Size

41

Median Age

16%

College-Educated

94%

High-School Grad

79.5 sq mi

ZIP Area

67

Density / Sq Mi

$68,141

Median Household Income

$40,910

Median Earnings

$797

Median Rent

$215,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two storefronts, updated office space, a fitness business, and upper-level apartments occupy this downtown commercial building.

Where is this mixed-use property located?

The property is located at 9-11 S Main Street Mechanicsburg, OH.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 4,736 SF mixed‑use building with two storefronts and two upper‑level apartments; Sale includes Rush Fitness, current memberships, and existing gym equipment; Updated office storefront with kitchenette and bath