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    Property profile & analytics

    120 Main St Elkton, MD 21921-5907

    • Office buildings
    • 2,075 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US40-2296161
    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

    • The Palette & The Page, LLC / Art Center / Art School

    Property Details for 120 Main St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.24 lot acres
    Property size
    2,075 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    03-042839
    APU
    3042839

    Description

    This exceptional retail storefront opportunity, located at 120 W Main St in Cecil County, Maryland, offers 2,100 square feet of space perfect for a variety of businesses. Situated in a thriving downtown area, this property enjoys high visibility and foot traffic due to its proximity to Christiana Care hospital and the County Courthouse and offices. The surrounding area boasts a vibrant mix of businesses, including an art gallery, brewery, coffee shops, yoga studio, and bookstore, creating a strong sense of community and attracting a diverse customer base. Currently a shell space, this property presents a blank canvas for a new business to customize to their specific needs. The landlord is willing to negotiate lease terms with qualified tenants, potentially offering free rent to assist with build-out costs. The property features convenient access with both a front entrance on a busy street and a rear entrance with an additional roll-up door. Ample street parking is available, supplemented by a public parking lot at the rear. Zoned C-1, this property offers flexibility for a range of retail uses. This is an outstanding opportunity to establish a successful business in a highly desirable and convenient location. Don't miss out on this chance to become part of a flourishing downtown community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $245,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $290,000
      Mixed-Use
      $295,000
      Hospitality
      $285,000
      Educational
      $225,000
      Residential Income
      $300,000
      Energy
      $280,000
      Income-Based Land
      $250,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8288
    Latitude
    39.6075
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    $3,501
    $64,900
    $136,300
    $201,200
    -
    $64,900
    $136,300
    $201,200

    Comparable in this City

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      201 Chesapeake Blvd

      OFFICE BUILDING • 11,200 SF
      201 Chesapeake Blvd, Elkton, MD 21921-6384
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      18,000 SF

      216 Pulaski Hwy

      OFFICE BUILDING • 18,000 SF
      216 Pulaski Hwy, Elkton, MD 21921-6497
      View Details
    • Value Estimation
      $235,000
      3,428 SF

      153 Main St

      OFFICE BUILDING • 3,428 SF
      153 Main St, Elkton, MD 21921-5917
      View Details
    • Value Estimation by Request
      3,920 SF

      65 Raintree Dr

      OFFICE BUILDING • 3,920 SF
      65 Raintree Dr, Elkton, MD 21921-2400
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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      Prime Elkton Office Space

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    120 Main St
    Elkton, MD 21921-5907
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    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
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