Live-Work Storefront in Historic
9 E Canal Street, Troy, OH 45373
- Added:
- May 13, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 1 at 11:06 pm
Property Features for 9 E Canal Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s)
- Fencing
- Fenced
- Fireplace
- 1
- Basement
- Full
- Appliances
- Gas Water Heater, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- D08002590
- Size
- 1,516 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Flooring type
- Hardwood, Vinyl
- Building materials
- Metal Siding
Listing agent Scott Strayer (937) 654-0283
Listing office Glasshouse Realty Group 121 W Franklin St., Troy, OH (937) 654-0283
Listing date May 13, 2026
MLS# 1045714
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location steps from downtown Troy with excellent visibility and strong local traffic.
- Versatile live/work commercial space suitable for retail, office, salon, studio, or specialty business.
- Charming historic character with eye‑catching curb appeal, including a steep‑pitched roofline and large front‑facing windows.
- Adaptable 1,516 sq ft layout with ample natural light and a warm, welcoming atmosphere.
- Convenient amenities including central air, forced air heating, and a patio.
- Built in 1920 with hardwood and vinyl flooring, plus a fireplace.
Overview
Originally built in 1920, this live-work commercial property offers approximately 1,516 square feet of flexible interior space designed to accommodate a range of business uses. The building presents historic curb appeal with a steep-pitched roofline, large front-facing windows, and a storefront-forward presence that supports customer-facing concepts. Inside, the layout is set up for a warm, welcoming experience with ample natural light, and can be adapted for boutique retail, office, salon, studio, or specialty business applications.
Set just steps from downtown Troy at 9 E Canal Street, the property benefits from a highly recognizable location near the downtown district. The setting supports convenient access for day-to-day operations and helps position the space for visibility to customers and clients passing through the area.
As an owner-user or an entrepreneur seeking a distinctive space with character, this property offers a practical combination of storefront aesthetics and adaptable interior planning. It also fits buyers looking for a flexible commercial building that can serve multiple use cases, including retail and professional services, while maintaining the historic street-level character that downtown customers expect.
Set just steps from downtown Troy at 9 E Canal Street, the property benefits from a highly recognizable location near the downtown district. The setting supports convenient access for day-to-day operations and helps position the space for visibility to customers and clients passing through the area.
As an owner-user or an entrepreneur seeking a distinctive space with character, this property offers a practical combination of storefront aesthetics and adaptable interior planning. It also fits buyers looking for a flexible commercial building that can serve multiple use cases, including retail and professional services, while maintaining the historic street-level character that downtown customers expect.
Local Financial Insights For Office B
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 | $30.4k | $20.04 |
| − Vacancy | −$7.6k | −$5.01 |
| EGI | $22.8k | $15.03 |
| − OpEx | −$5.7k | −$3.76 |
| NOI | $17.1k | $11.27 |
1,516 SF · lease $20.04/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.1K
$213.6K – $284.8K
NOI $17,089 @ 7.0% cap · market cap 6.84%
Second Best
Mixed Use
$219.3K
$191.9K – $255.8K
NOI $15,350 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Miami
- State
- Ohio
- Longitude
- -84.204231
- Latitude
- 40.037612
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Historic 1920 building with large front windows and adaptable live-work layout for retail, office, or studio use.
Where is this live-work space located?
The property is located at 9 E Canal Street Troy, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location steps from downtown Troy with excellent visibility and strong local traffic.; Versatile live/work commercial space suitable for retail, office, salon, studio, or specialty business.; Charming historic character with eye‑catching curb appeal, including a steep‑pitched roofline and large front‑facing windows.
