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    406 Main St Fort Loramie, OH 45845

    Sponsored
    For Sale
    $525,000

    Prime Medical/Office Space, Ample Parking

    Property size:
    2,795 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 406 S Main Street, Fort Loramie, Ohio, presents a unique investment opportunity. Priced at $525,000, this special-purpose property boasts a substantial 2,795 square feet of versatile space ideally suited for medical or office use. Situated on a generous 13,503 square foot lot, the property includes four dedicated parking spaces, ensuring ample convenience for clients and staff. The main floor features five well-appointed medical offices, flexible workspace, a reception desk area, a reception room, two full bathrooms, a half bathroom, and a dedicated hand washing area. A full finished basement provides additional flexible space, valuable storage, and a full bathroom, expanding the property's functionality. The property's location in Fort Loramie, Shelby County, Ohio (zip code 45845), offers excellent accessibility and visibility. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant potential for growth and return on investment. The property's layout and amenities make it an attractive option for a variety of businesses seeking a comfortable and functional workspace. The combination of ample space, convenient parking, and a desirable location makes this property a compelling investment prospect.

    Property Features for 406 Main St

    General Information

    Property type
    Land
    Square Feet
    2,795 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Loramie
    County
    Shelby
    State
    Ohio
    Longitude
    -84.374925
    Latitude
    40.337062

    Nearby Comparable

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    • $549,700
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      Commercial Property with Multiple Income

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      Prime Minster Commercial Space

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    Nearby Similar for Sale

    • $250,000
      5.09 Acres

      Fort Loramie Farm with Barns

      5.09 acre farm with multiple barns and fenced pasture.
      8381 Oh-66, Fort Loramie, OH 45845
      View Details
    • $2,625,000
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      Fort Loramie Warehouse - $2.6M

      Modern 24,000 SF warehouse, prime location.
      1000 Tower Dr, Fort Loramie, OH 45845
      View Details

    FAQs

    What type of property is this?
    Land - Prime Medical/Office Space, Ample Parking
    Where is this land located?
    The property is located at 406 Main St Fort Loramie, OH.
    What is the asking price?
    The asking price for this property is $525,000.
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    406 Main St Fort Loramie, OH 45845
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    Fort Loramie, OH 45845
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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
    406 Main St Fort Loramie, OH 45845
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