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Property profile & analytics

481 Market St Akron, OH 44303

  • Office buildings
  • 2,288 SF
  • 0.12 lot acres
Value Estimation
Last Sale
Mar 16, 2025
$229,227
Location Intelligence
Property ID
US66-1454388
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Lake Land Employment Group - AKRON / Employment Agency
  • Jackson Hewitt Tax Service / Accountant

Property Details for 481 Market St

Year built
1960
Lot size
0.12 lot acres
Property size
2,288 SF
Property type
Office buildings
APN
68-05951
APU
6805951

Description

This exceptional 2,288 square foot mixed-use building, located at the highly visible corner of West Market and North Blake Streets in Akron, Ohio, presents a remarkable investment opportunity. The brick structure previously housed a Jackson Hewitt tax office and is now vacant, ready for immediate occupancy following the title transfer. The property boasts ample parking for ten vehicles, a significant advantage in a bustling urban setting. Its versatile layout makes it ideal for a variety of uses, including office space, retail ventures, a deli, or a restaurant. The 0.12-acre lot provides convenient access and visibility. This property offers a compelling combination of location, size, and adaptability. The asking price is $299,900. Flexible financing options are available, including cash purchases, conventional financing, and owner financing with a 30% down payment. This is a rare chance to acquire a well-situated commercial property in a thriving Akron neighborhood. The building's solid construction and prime location ensure strong potential for return on investment. Don't miss this opportunity to secure a valuable asset in a desirable area. Contact us today to schedule a viewing and explore the possibilities.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $285,000
  • CAP approach

    CAP return
    Estimation
    6%
    $360,000
    6.5%
    $360,000
    7%
    $380,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $320,000
    Geo Method
    $315,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $310,000
    Retail
    $325,000
    Mixed-Use
    $375,000
    Hospitality
    $360,000
    Educational
    $350,000
    Residential Income
    $370,000
    Energy
    $315,000
    Income-Based Land
    $310,000
    Food Service
    $400,000

Location Insight

  • Map
  • Local Demand
City
Akron
County
Summit
State
Ohio
Longitude
-81.5329
Latitude
41.0923
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,030
$8,720
$44,710
$53,430
-
$24,910
$127,750
$152,660
More about this property
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