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    140 Mansfield Ave Shelby, OH 44875

    Sponsored
    For Lease
    $348 /Mo

    Spacious former grocery store, adaptive reuse potential.

    Lot size:
    39,637 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 39,637 square foot commercial property, located at 140 Mansfield Avenue, Shelby, Ohio 44875, presents a unique investment opportunity. Situated on a 1.94-acre lot (APN 046-08-068-02-000), this single-tenant building boasts a rich history as a former grocery store and retail center. Its versatile layout and ample space make it ideal for adaptive reuse, catering to a wide range of businesses. Imagine transforming this space into an indoor pickleball facility, a vibrant entertainment zone, creative office spaces, or a specialty retail establishment. The property's convenient location, near Mickey Rd., and abundant parking further enhance its appeal. The property comes with an existing carryout license and Sunday sales permit. This is a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. The property's size and adaptability offer a blank canvas for a creative entrepreneur seeking a distinctive and functional space. Don't miss this opportunity to own a piece of Shelby's commercial landscape.

    Property Features for 140 Mansfield Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,637 SF
    Total Rate
    348.16

    Unit(s) available at that property

    Space
    Size
    39,637 SF
    Rate per SF
    $348
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelby
    County
    Richland
    State
    Ohio
    Longitude
    -82.648935
    Latitude
    40.872115

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    FAQs

    What type of property is this?
    Specialty property - Spacious former grocery store, adaptive reuse potential.
    Where is this specialty property located?
    The property is located at 140 Mansfield Ave Shelby, OH.
    What is the lease rate?
    The lease rate is $348 /Mo.
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    140 Mansfield Ave Shelby, OH 44875
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    Shelby, OH 44875
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 Mansfield Ave Shelby, OH 44875
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