Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    231 Main Ave Warren, OH 44481

    Sponsored
    For Sale
    $1,750,000

    Fully Leased, High-Traffic Location

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,000 square foot retail shopping center and storefront, located at 231 Main Ave SW in Warren, Ohio (44481), presents a lucrative investment opportunity. Boasting a total of 32,000 net rentable square feet across a single story building on a one-acre lot, the property is currently 100% occupied by a diverse mix of retail and service tenants. The asking price is $1,750,000, translating to $109.38 per square foot. Situated in the heart of downtown Warren, this plaza enjoys a highly visible location directly across from the courts, fire, and police stations, and just a short distance from the new Kimberly Clark $2 billion development. Extensive renovations completed between 2021 and 2022 encompassed a new roof, updated ceilings, and completely remodeled suites, including electrical and plumbing systems. The property benefits from a net lease structure, with tenants responsible for their own taxes and utilities. Two tenants are established long-term occupants, while others have recently signed new leases, ensuring consistent income and stability. This fully leased, prime retail location offers a compelling investment opportunity with strong tenant occupancy and recent capital improvements. The property's central location and proximity to major developments promise continued growth and high returns.

    Property Features for 231 Main Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    16,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Renovated
    2022
    Stories
    1

    HighLights

    • Fully leased 16,000 SF retail strip center in downtown Warren, OH, across from city hall, fire, and police stations.
    • Prime retail plaza with diverse mix of retail and service tenants.
    • Extensive 2021‑2022 renovations: new roof, ceilings, and remodeled suites with updated electrical and plumbing.
    • Two long‑term tenants plus recently signed leases ensure stable income.
    • Net lease structure; tenants responsible for taxes and utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premium Pest Control ... Pest Control Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8194513
    Latitude
    41.2343603

    Nearby Similar for Sale

    • $229,900
      2,060 SF

      All-Brick Warren Duplex Residence

      Turn-key duplex in a desirable neighborhood with flexible living spaces.
      676 Central Parkway Ave SE, Warren, OH 44484
      View Details
    • New
      $200,000
      2,320 SF

      Warren, OH Ranch Duplex

      Fully occupied ranch duplex in Champion Township, close to amenities.
      5546 Shaffer Rd NW unit A & B, Warren, OH 44481
      View Details
    • $119,900
      0.16 Acres

      Versatile Office Building in Warren

      Adaptable office building suitable for medical or professional services.
      1542 Woodland St NE, Warren, OH 44483
      View Details
    • $132,000
      2,100 SF

      Versatile Duplex or Single Family

      Warren duplex with potential for single-family conversion.
      244 Adelaide Ave SE, Warren, OH 44483
      View Details
    • New
      $279,000
      0.34 Acres

      Retail Property in Warren, OH

      Retail property for sale in Warren, Ohio.
      1214 E Market St, Warren, OH 44483
      View Details
    • New
      $279,000
      4,656 SF

      Mixed-Use Property in Downtown Warren

      Dual-zoned commercial/residential property with flexible layout and high visibility.
      1214 E Market St, Warren, OH 44483
      View Details
    • New
      $165,000
      3,090 SF

      Fully Rented Warren Fourplex

      Income-producing fourplex in Warren, Ohio, fully rented.
      257 Washington St NW, Warren, OH 44483
      View Details
    • $324,900
      0.76 Acres

      Versatile Commercial Building on High-Traffic

      3,288 sq. ft. commercial building on a high-traffic corridor.
      4922 Mahoning Ave NW, Warren, OH 44483
      View Details
    • $60,000
      0.14 Acres

      Warren, OH Duplex Opportunity

      Tenant-occupied duplex in Warren, OH with revenue-generating potential.
      1530 Vernon Ave NW, Warren, OH 44483
      View Details
    • $199,900
      2,360 SF

      Warren Duplex: Income Potential

      Well-maintained duplex in Warren, Ohio, offering multiple income opportunities.
      427 Butler Rd NE, Warren, OH 44483
      View Details
    • $149,900
      2,476 SF

      Renovated Warren Quadruplex For Sale

      Updated Warren quadruplex with new appliances, windows, and flooring.
      1250 Grant St SE, Warren, OH 44483
      View Details
    • $99,000
      Pending

      Warren Four-Plex Investment Opportunity

      Well-maintained four-unit property in Warren, Ohio, with income potential.
      970 Tod Ave NW, Warren, OH 44485
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Fully Leased, High-Traffic Location
    Where is this lifestyle center located?
    The property is located at 231 Main Ave Warren, OH.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Fully leased 16,000 SF retail strip center in downtown Warren, OH, across from city hall, fire, and police stations.; Prime retail plaza with diverse mix of retail and service tenants.; Extensive 2021-2022 renovations: new roof, ceilings, and remodeled suites with updated electrical and plumbing.
    Request Owner's contact information
    231 Main Ave Warren, OH 44481
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 Main Ave
    Warren, OH 44481
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    231 Main Ave Warren, OH 44481
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.