Mixed-Use Property | 9,120
For Sale
Contact for pricing
1140 N Main Street, Urbana, OH 43078
Mixed-use property featuring 9,120 SF of commercial space.
Property Size9,120 SF
Price / SF$79.50
Days on Market1255
Property Features for 1140 N Main Street
General Information
Standard status
Active
Size
9,120 SF
Property subtype
Mixed Use, Retail, Office
Zoning
M1
Building Details
Year Built
1947
Listing Agency:
REMAX Alliance Realty
Listed By:
Patrick Hamilton · License #2004002933
(937) 652-1100
Source:
Crexi
Added: Apr 30, 2023
Changed: Oct 4
Last Checked: Oct 4 at 10:11AM
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 REMAX Alliance Realty
Investment Insights
Based on property information with market context.
This mixed-use property offers 9,120 square feet of space. The property is located at 1140 N Main Street, Urbana, OH 43078.
Key Highlights
- Mixed Use Property
- Offering 9,120 SF of space
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,529
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,580
$610.6K
Cap Rate 7%
$436,129
$436.1K
Cap Rate 9%
$339,211
$339.2K
Market Conditions
NOI Build-Up for 9,120 SF
Gross rent
$53.4K $5.86/SF
− Vacancy
−$4.6K −$0.50/SF
EGI
$48.8K $5.36/SF
− OpEx
−$18.3K −$2.01/SF
NOI
$30.5K $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%
$610,580
Cap Rate 7%
$436,129
Cap Rate 9%
$339,211
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,713 @ 7.0% cap · market cap 15.13%
Second Best
Mixed Use
$436.1K
$381.6K – $508.8K
NOI $30,529 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$2.54M
$2.23M – $2.97M
NOI $178,068 @ 7.0% cap · market cap 24.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 43078, OH
20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring 9,120 SF of commercial space.
Where is this mixed-use property located?
The property is located at 1140 N Main Street Urbana, OH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Mixed Use Property; Offering 9,120 SF of space; Built in 1947
