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    106 Main St Akron, OH 44308

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    Contact for pricing

    Historic Akron office building, 242,696 SF.

    Property size:
    242,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional value-add investment opportunity presents a 27-story, 242,696 square foot traditional office building located at 106 S Main Street in Akron, Ohio's central business district. Originally constructed in 1931, the property underwent an extensive three-year restoration project between 2008 and 2011, including recent renovations to the building's arcade. The building boasts a significant amount of parking, offering a generous ratio of 12.5 spaces per 1,000 square feet, a considerable advantage in a bustling urban environment. Security is a top priority, with 24/7 on-site guard services ensuring the safety and protection of tenants and assets. This landmark property offers a unique blend of historical charm and modern functionality, presenting a compelling opportunity for investors seeking a substantial presence in Akron's thriving downtown core. The building's size and location make it ideal for a variety of uses, offering significant potential for future growth and development. Its prime location within the central business district provides easy access to a wide range of amenities, transportation options, and a vibrant business community. The substantial square footage and ample parking make this a truly remarkable opportunity in the Akron, Ohio market. The Summit County location and 44308 zip code further solidify its strategic position.

    Property Features for 106 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    242,696 SF

    Building Details

    Year Built/Renovated
    1931/2011
    Stories
    27

    HighLights

    • Prime Akron CBD location.
    • Extensive 2008‑2011 renovation, including recent arcade upgrades.
    • 24/7 on‑site security.
    • Abundant parking: 12.5 spaces per 1,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Architectural Greenery Architect Skoglund Rodney L Attorney Renner Kenner, LPA: ... Law Firm Temple Square Interiors Office Furniture Store #PrettyLashTag, LLC Eyelash Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5185743
    Latitude
    41.0824622

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Akron office building, 242,696 SF.
    Where is this office property / space located?
    The property is located at 106 Main St Akron, OH.
    What are key features of this property?
    This property features: Prime Akron CBD location.; Extensive 2008-2011 renovation, including recent arcade upgrades.; 24/7 on-site security.
    Request Owner's contact information
    106 Main St Akron, OH 44308
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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
    106 Main St Akron, OH 44308
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