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12663 Chillicothe Rd Chesterland, OH 44026-2534

OFF-MARKET Retail space Google Maps
1,000 SF 0.33 ac lot Built 1930
Entity Owned Free & Clear
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US66-1066596

Property summary

AI-generated overview

This exceptional Chesterland investment opportunity encompasses two parcels totaling 0.83 acres, strategically located adjacent to a township park. The property features a total of 3,572 square feet of space distributed across five income-generating rental units. One building houses a commercial tenant on the ground floor and a residential unit above. A second building includes a commercial tenant occupying the majority of the space, and a smaller one-bedroom residential unit. A third building, a former house, also accommodates a commercial tenant. The property is zoned for general commercial use, with two apartments grandfathered in under the current zoning. The property's convenient location and diverse income streams make it an attractive investment prospect. Note that the property shares a well and has two separate sewer charges, one for each address. This presents a unique opportunity for an investor seeking a diversified portfolio with immediate cash flow and potential for future development or expansion given the general commercial zoning. The existing tenants provide a stable income base, while the location near the park offers significant appeal. The property's size and configuration offer flexibility for a variety of uses and future development plans. This is a rare opportunity to acquire a well-established mixed-use property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction FRAME
Total area 1,000 SF
Lot 0.33 ac (14,375 SF)
APN 11-292320
UPID US66-1066596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$255k

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2025
Price N/A
2023
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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