Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    231 Main St Lexington, OH 44904

    • Medical offices
    • 10,054 SF
    • 8.47 lot acres
    For Sale
    View listing
    $400,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-4932640
    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

    • OhioHealth Laboratory Services - Lexington / Medical Laboratory
    • Brandon Joseph Crouch, MD / General Practitioner
    • Lisa Patterson / Family Practice Physician
    • Christopher John Hassmann, II, DPM / Podiatrist
    • Elizabeth Miller / Nurse Practitioner

    Property Details for 231 Main St

    Year built
    2019
    Lot size
    8.47 lot acres
    Property size
    10,054 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    048-27-172-17-002
    APU
    482717217002

    Description

    This exceptional 6+ acre commercial land parcel is situated on Main Street in Lexington, Ohio, offering unparalleled development opportunities. Located in Richland County, with APN 0482714201000 and zip code 44904, this leveled property boasts convenient access to I-71, providing easy access to both Cleveland and Columbus. The asking price is $400,000. This prime location is minutes from the Mid-Ohio Sports Car Course, a major regional attraction drawing visitors from across the country. The area is experiencing significant growth, with a strong school district and a desirable blend of rural charm and modern amenities. Surrounded by farmland and quiet neighborhoods, Lexington offers a unique appeal to businesses and residents alike. The property's central location presents a strategic advantage for businesses seeking to reach a wide market, with endless potential for various commercial developments. This non-contingent offering requires a 10% earnest money deposit. The property is adjacent to a restaurant, further enhancing its commercial viability. This is a rare opportunity to acquire a substantial land parcel in a thriving Ohio community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $400,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $400,000
      Mixed-Use
      $355,000
      Hospitality
      $305,000
      Educational
      $355,000
      Residential Income
      $290,000
      Energy
      $360,000
      Income-Based Land
      $390,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5751
    Latitude
    40.6802
    CBSA code
    31900
    CBSA name
    MANSFIELD, 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
    $0.00
    $31,650
    $416,940
    $448,590
    -
    $90,440
    $1,191,270
    $1,281,710

    Comparable in this City

    • Value Estimation by Request
      3,324 SF

      375 Main St

      MEDICAL BUILDING • 3,324 SF
      375 Main St, Lexington, OH 44904-9543
      View Details
    • Value Estimation
      $280,000
      5,880 SF

      26 Main St

      MEDICAL BUILDING • 5,880 SF
      26 Main St, Lexington, OH 44904-1223
      View Details
    • Value Estimation
      $180,000
      2,576 SF

      21 Plymouth St

      MEDICAL BUILDING • 2,576 SF
      21 Plymouth St, Lexington, OH 44904
      View Details
    • Value Estimation
      $255,000
      3,456 SF

      20 Ml St

      MEDICAL BUILDING • 3,456 SF
      20 Ml St, Lexington, OH 44904-1251
      View Details
    • Value Estimation by Request
      0.11 Acres

      36 Short St

      HOSPITAL - PRIVATE • 0.11 Acres
      36 Short St, Lexington, OH 44904-1156
      View Details
    • Value Estimation by Request
      9.89 Acres

      Gass Rd

      HOSPITAL - PRIVATE • 9.89 Acres
      Gass Rd, Lexington, OH 44904
      View Details

    Similar Nearby for Sale

    • $699,900
      16,496 SF

      Mixed-Use Commercial Property in Lexington

      Historic mixed-use property with multiple income streams in Lexington, OH.
      15 Main St, Lexington, OH 44904
      View Details
    • $329,999

      Mansfield, OH Land - 15 Acres

      Wooded acreage near Mid-Ohio Raceway. Perfect for building or recreation.
      0 Denman Rd, Mansfield, OH 44904
      View Details
    • Contact for pricing
      11,000 SF

      Lexington Industrial Building For Lease

      11,000 sq ft industrial building with warehouse space for lease.
      140 Lexington Industrial Dr, Lexington, OH 44904
      View Details
    • $54,900
      Pending

      1.5 Acre Corner Lot

      1.5 acre corner lot in Lexington school district.
      Maxwell Rd, Lexington, OH 44904
      View Details
    • Contact for pricing
      0.21 Acres

      Residential Land in Lexington, Ohio

      Vacant lot in Lexington school district, just under 1/4 acre.
      Rippling Brook Dr, Lexington, OH 44904
      View Details
    • $400,000
      6.00 Acres

      Lexington Commercial Land

      6+ Acres, Prime Location, High Potential
      231 Main St, Lexington, OH 44904
      View Details
    Request Owner's contact information
    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 St
    Lexington, OH 44904
    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
    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.