Current Use by Public Records
- Retail properties & Spaces
Property Details for Main St
- Year built
- 1800
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a unique blend of established income and significant upside potential. Located at 0 S Main Street, Unit 0, in the vibrant city of Rockford, Ohio, this retail property offers a compelling package for discerning investors. The ground floor is currently leased to an established business operating under a state-permitted lease, ensuring a consistent revenue stream. The tenant intends to continue their lease, providing immediate and ongoing rental income. Above the retail space lies an unfinished apartment, presenting a blank canvas for the new owner. While some work has already been completed in the upstairs apartment, there remains considerable scope for customization and value enhancement. The new owner can create a valuable residential unit, potentially increasing the overall return on investment. To respect the current tenant's operations, showings are conveniently scheduled after 4:00 PM daily, or after noon on Saturdays and Sundays. This property offers a rare combination of immediate income generation and future development possibilities, making it an attractive proposition for investors seeking a strong return in a desirable location. The property is zoned for retail use and the existing lease is in place. The size of the property is not specified, but the ground floor is currently occupied by a business. The asking price for this promising investment is $105,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Mercer
- State
- Ohio
- Longitude
- -84.6464
- Latitude
- 40.6915
