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Property profile & analytics
OFF-MARKET
Mixed-use properties

16531 State Route 3 Loudonville, OH 44842

3,660 SF 1.69 ac lot Built 1971
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property in Loudonville, Ohio, presents a unique investment opportunity. Situated on 1.69 acres of land, the 3,660 square foot building offers versatile space ideal for a variety of commercial ventures or even a live/work arrangement. Currently operating as a dry goods wholesale store, the property boasts a well and septic system, ample gravel parking, and central air conditioning. The building is thoughtfully divided: one half functions as a warehouse, while the other half comprises a storefront, a newly renovated bathroom, and a dedicated office space. The location just outside of Loudonville offers easy access to the Mohican area, providing a blend of rural tranquility and convenient access to amenities. The existing infrastructure, including the well and septic, eliminates significant upfront costs. This property is perfect for entrepreneurs seeking a ready-to-use space to launch or expand their business, or for investors looking for a strong return on investment. The expansive acreage provides ample room for future expansion or development, making it a truly versatile and promising property with endless possibilities. The combination of existing building improvements and the substantial land area makes this a rare find in the Loudonville market.

Property profile
Verified
Property type Mixed-use properties
Year built 1971
Total area 3,660 SF
Lot 1.69 ac (73,616 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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