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    75 Main St Utica, OH 43080

    For Sale
    $1,850,000

    Historic Utica building, 10 units, high ROI.

    Property size:
    31,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 75 S Main Street in Utica, Ohio, presents a unique investment opportunity. The 31,445 square foot building, constructed in 1900 and extensively renovated in 2020, sits on a 21,780 square foot lot. The property comprises ten individual units, offering a versatile mix of office, retail, and restaurant spaces, catering to a diverse range of tenants. With a total net rentable area of 31,445 square feet, the asking price is $1,850,000, translating to a price per square foot of $58.83. Its prime location in Licking County, Ohio, offers excellent accessibility and proximity to significant developments, providing strong potential for future growth and increased property value. The building's rich history, originally constructed in 1900 during Utica's glass boom, adds to its unique character and appeal. This property is ideal for investors seeking a blend of historical charm and modern functionality in a thriving Ohio community. The 2020 renovation ensures the building is equipped with contemporary amenities while retaining its distinctive architectural features. This presents a rare chance to acquire a substantial commercial property with significant upside potential in a strategically advantageous location.

    Property Features for 75 Main St

    General Information

    Property type
    Specialty properties
    Square Feet
    31,445 SF

    Building Details

    Year Built/Renovated
    1900/2020
    Units
    10

    HighLights

    • $1,850,000 asking price for this special purpose property.
    • 31,445 square feet total, with 31,445 square feet of net rentable space.
    • $58.83 price per square foot.
    • Ten (10) units available.
    • Built in 1900, renovated in 2020.
    • 21,780 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Licking
    State
    Ohio
    Longitude
    -82.4530614
    Latitude
    40.2329882

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    FAQs

    What type of property is this?
    Specialty property - Historic Utica building, 10 units, high ROI.
    Where is this specialty property located?
    The property is located at 75 Main St Utica, OH.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: $1,850,000 asking price for this special purpose property.; 31,445 square feet total, with 31,445 square feet of net rentable space.; $58.83 price per square foot.
    Request Owner's contact information
    75 Main St Utica, OH 43080
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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
    75 Main St Utica, OH 43080
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