106 S Main St Akron, OH 44308
Property profile & analytics
106 S Main St Akron, OH 44308
- Office buildings
- 9,800 SF
- 0.23 lot acres
Property ID
US66-2110302
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.
Location Intelligence
Current Use by Public Records
- Architectural Greenery / Architect / Florist
- Skoglund Rodney L / Law Firm
- Renner Kenner, LPA: Mark Weber / Law Firm
- Temple Square Interiors / Furniture & Home Goods
- #PrettyLashTag, LLC / Hair Salon
Property Details for 106 S Main St
- Year built
- 1929
- Lot size
- 0.23 lot acres
- Property size
- 9,800 SF
- Property type
- Office buildings
- APN
- 68-23287
- APU
- 6823287
Description
This exceptional value-add investment opportunity presents a 27-story, 242,696 square foot traditional office building located at 106 S Main Street in Akron, Ohio's central business district. Originally constructed in 1931, the property underwent an extensive three-year restoration project between 2008 and 2011, including recent renovations to the building's arcade. The building boasts a significant amount of parking, offering a generous ratio of 12.5 spaces per 1,000 square feet, a considerable advantage in a bustling urban environment. Security is a top priority, with 24/7 on-site guard services ensuring the safety and protection of tenants and assets. This landmark property offers a unique blend of historical charm and modern functionality, presenting a compelling opportunity for investors seeking a substantial presence in Akron's thriving downtown core. The building's size and location make it ideal for a variety of uses, offering significant potential for future growth and development. Its prime location within the central business district provides easy access to a wide range of amenities, transportation options, and a vibrant business community. The substantial square footage and ample parking make this a truly remarkable opportunity in the Akron, Ohio market. The Summit County location and 44308 zip code further solidify its strategic position.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $630,000
- ML approach
- $630,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $412,000
Market price range: $409k - $1.28M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $790,000 Current use
- RESTAURANT
- $1,040,000 Change: +32% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $975,000 Change: +24% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $915,000 Change: +16% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $665,000 Change: -15% Conversion: Easy
- COMMERCIAL (GENERAL)
- $655,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.516
- Latitude
- 41.088
- 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
$6,828
$8,840
$28,780
$37,620
-
$25,250
$82,230
$107,480
