12 Main St Wakeman, OH 44889-9733
This exceptional 2,617 sq ft mixed-use building presents a rare opportunity in downtown Wakeman, OH. The property boasts a prime location on W Main Street and includes a spacious 0.27-acre lot with a large fenced-in area, ideal for various income-generating ventures such as a flea market, vehicle storage (boats, cars, trucks), or other outdoor commercial uses. The main building features a 2-bedroom apartment complete with a full kitchen, living room, and appliances, providing valuable residential space. The commercial space is versatile and currently includes an indoor car storage area and a mechanical shop equipped with a car lift, along with an attached 18x18 building offering additional options. A portion of the building previously served as a hair salon, easily adaptable for offices, retail, or other businesses. The property benefits from a newer roof and other recent upgrades. The heated building also includes two half-baths and one full bath. This well-maintained property offers significant potential for diverse commercial and residential income streams, making it a truly unique investment opportunity. The possibilities are extensive, and this property is ready for a new owner to capitalize on its many advantages.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.