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    Property profile & analytics

    140 Mansfield Ave Shelby, OH 44875

    • Grocery and convenience stores
    • 39,637 SF
    • 1.94 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimation
    Last Sale
    Oct 05, 2023
    $450,000
    Location Intelligence
    Property ID
    US66-1328302
    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

    • Grocery and convenience stores

    Property Details for 140 Mansfield Ave

    Year built
    1963
    Construction
    FRAME
    Lot size
    1.94 lot acres
    Property size
    39,637 SF
    Property type
    Grocery and convenience stores
    APN
    046-08-068-02-000
    APU
    460806802000

    Description

    This exceptional 39,637 square foot commercial property, located at 140 Mansfield Avenue, Shelby, Ohio 44875, presents a unique investment opportunity. Situated on a 1.94-acre lot (APN 046-08-068-02-000), this single-tenant building boasts a rich history as a former grocery store and retail center. Its versatile layout and ample space make it ideal for adaptive reuse, catering to a wide range of businesses. Imagine transforming this space into an indoor pickleball facility, a vibrant entertainment zone, creative office spaces, or a specialty retail establishment. The property's convenient location, near Mickey Rd., and abundant parking further enhance its appeal. The property comes with an existing carryout license and Sunday sales permit. This is a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. The property's size and adaptability offer a blank canvas for a creative entrepreneur seeking a distinctive and functional space. Don't miss this opportunity to own a piece of Shelby's commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $405,000
      6.5%
      $465,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $385,000
      Mixed-Use
      $450,000
      Hospitality
      $450,000
      Educational
      $410,000
      Residential Income
      $495,000
      Energy
      $515,000
      Income-Based Land
      $540,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Richland
    State
    Ohio
    Longitude
    -82.6489
    Latitude
    40.8723
    CBSA code
    31900
    CBSA name
    MANSFIELD, OH 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
    $9,485
    $32,550
    $123,420
    $155,970
    -
    $93,000
    $352,630
    $445,630

    Comparable in this City

    • Value Estimation
      $245,000
      3,636 SF

      10 Broadway St

      CONVENIENCE STORE • 3,636 SF
      10 Broadway St, Shelby, OH 44875-1210
      View Details
    • Value Estimation
      $470,000
      1,176 SF

      147 Mansfield Ave

      CONVENIENCE STORE • 1,176 SF
      147 Mansfield Ave, Shelby, OH 44875-1868
      View Details
    • Value Estimation
      $290,000
      1,462 SF

      116 Main St

      CONVENIENCE STORE • 1,462 SF
      116 Main St, Shelby, OH 44875-1411
      View Details
    • Value Estimation by Request
      5,000 SF

      172 Gamble St

      CONVENIENCE STORE • 5,000 SF
      172 Gamble St, Shelby, OH 44875-1023
      View Details
    • Value Estimation by Request
      9,180 SF

      17 Mansfield Ave

      Restaurants • 9,180 SF
      17 Mansfield Ave, Shelby, OH 44875
      View Details
    • Value Estimation
      $75,000
      3,600 SF

      116 Gamble St

      CONVENIENCE STORE • 3,600 SF
      116 Gamble St, Shelby, OH 44875-1022
      View Details

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    • Contact for pricing
      39,637 SF

      Shelby Commercial Gem: 39,637 SF

      Historic Shelby building, adaptive reuse potential.
      140 Mansfield Ave, Shelby, OH 44875
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    • New
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    Similar Nearby for Lease

    • Contact for pricing
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      Shelby Plaza Executive Suites

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    • $348 /Mo
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      Prime Shelby Commercial Property

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      View Details
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    Shelby, OH 44875
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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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