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Property profile & analytics
OFF-MARKET
Retail space

12661 Chillicothe Rd Chesterland, OH 44026-2588

1,316 SF 0.5 ac lot Built 1930
Entity Owned Free & Clear
Property ID
US66-1121864
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 1,316 SF
Lot 0.5 ac (21,780 SF)
APN 11-292310
UPID US66-1121864
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • VTS Enterprises Construction Company General Contractor
  • smee spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Psm Investments LLC
Psm Investments LLC
since 2026
4 recorded transactions
2026
Price N/A
2025
Price N/A
2023
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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