Building Details

Year Built 1900

Stories 2

Listing Agency: BHHS Metro & Fields Realty

Listed By: Dustin A Hurst · License #2004001827 Show Phone

Source: Dreamcolumbus

Added: Aug 30 Changed: Oct 13 Last Checked: Oct 7 at 1:31PM

Report an Issue

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 BHHS Metro & Fields Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 4,736-square-foot mixed-use property combines an established fitness operation with updated office and residential space. The fitness business, Rush Fitness, conveys with current memberships and existing gym equipment. The adjoining first-floor office includes a kitchenette and bath, while both commercial areas provide access from the front and rear alley.

Two updated apartments occupy the second floor, along with a shared hallway containing coin-operated laundry equipment. Each apartment offers two bedrooms, one full bath, and large windows facing Main Street. Built in 1900, the property is located at 911 9-11 S Main St in Downtown Mechanicsburg, Ohio.

Key Highlights

• 4,736‑square‑foot mixed‑use property built in 1900
• Rush Fitness included with current memberships and existing gym equipment
• Updated first‑floor office with kitchenette and bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,366

Cap Rate

3.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$327,320 $327.3K

Cap Rate 7%

$233,800 $233.8K

Cap Rate 9%

$181,844 $181.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,736 SF

Gross rent

$25.0K $5.28/SF

− Vacancy

−$1.6K −$0.34/SF

EGI

$23.4K $4.94/SF

− OpEx

−$7.0K −$1.48/SF

NOI

$16.4K $3.46/SF

Area

Champaign County, OH

Vacancy

6.50%

Lease Rate

$5.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$327,320

Cap Rate 7%

$233,800

Cap Rate 9%

$181,844

Alternative Uses

Best Use

Office B

$813.9K

$712.2K – $949.6K (±1% cap)

NOI $56,974 @ 7.0% cap · market cap 12.66%

Second Best

Multifamily LT 5

$233.8K

$204.6K – $272.8K (±1% cap)

NOI $16,366 @ 7.0% cap · market cap 3.64%

Theoretical Best

Specialty Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,471 @ 7.0% cap · market cap 20.55%

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

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Law Firm Hair Salon HVAC Service Spa & Massage Center Nail Salon Bakery

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

76

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Includes a fitness business, updated office space, and two upstairs apartments.

Where is this mixed-use property located?

The property is located at 911 9-11 S Main St Mechanicsburg, OH.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: 4,736‑square‑foot mixed‑use property built in 1900; Rush Fitness included with current memberships and existing gym equipment; Updated first‑floor office with kitchenette and bath