12661 Chillicothe Rd Chesterland, OH 44026-2588
This exceptional Chesterland, Ohio property presents a unique investment opportunity encompassing a diverse portfolio of assets. Situated on a 0.83-acre lot (162x276 dimensions) at 12661 Chillicothe Road, this mixed-use property boasts a total of 3,572 square feet and includes a former restaurant space (available for lease or occupancy), two one-bedroom apartments, and a freestanding building. The property also features a 200 square foot kitchen, ideal for a cafe or restaurant concept. The main building was constructed in 1930 and benefits from General Commercial zoning, with two apartments grandfathered in. Utilities include public sewer, private water, and baseboard, gas, hot water, and steam heating. Cooling is provided by wall units. The property also includes a full or partial unfinished basement and outside parking. The asking price is $400,000, translating to $111.98 per square foot. This location offers excellent visibility, being adjacent to a township park, and presents a compelling opportunity for owner-users or investors seeking a multi-faceted income stream. Tenant responsibilities include cable TV, electricity, gas, heat, other utilities, sewer, and trash collection. The property's APN is 11-292310 11-292320. This is a net lease property.
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VTS Enterprises Construction Company General Contractor
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smee spa Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.