15 Main St Lexington, OH 44904-1261
Property profile & analytics
15 Main St Lexington, OH 44904-1261
- Commercial land
- 11,298 SF
- 0.39 lot acres
Property ID
US66-1357380
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.
Location Intelligence
Current Use by Public Records
- Stephen F Walker Chiropractic / Alternative Medicine Practice
- Hitchman Bail Bonds / Law Firm
- Kell Hardware / Building Supply / Hardware & Home Improvement
- Emuna Cleaning LLC. / General Contractor
- Heartland Community Church / Church
Property Details for 15 Main St
- Year built
- 1976
- Lot size
- 0.39 lot acres
- Property size
- 11,298 SF
- Property type
- Commercial land
- APN
- 048-27-156-03-000
- APU
- 482715603000
Description
This exceptional mixed-use property in Mansfield, Ohio, presents a lucrative investment opportunity. Located on a high-traffic corner, just three miles from I-71, this established business boasts 16,496 square feet across two stories. The ground floor features a thriving 5,850-square-foot retail store, a 1,800-square-foot workshop, and a 2,240-square-foot space leased to a national pizza chain. The second floor offers 4,890 square feet, including a leased two-bedroom, two-bathroom apartment (1,716 sq ft) and nine additional office spaces, perfect for creative office setups. The property sits on a 10,824-square-foot lot and benefits from an average daily traffic count of nearly 52,000 vehicles. The asking price is $699,900, with a 9.00% cap rate. The current lease for the retail space commenced October 1, 2020, and expires November 1, 2030, under a NNN lease. The property is zoned for mixed residential and commercial use, offering flexibility for future development. This turnkey operation includes the real estate, inventory, and business value (business sold separately). The seller is offering a 90-day transition period to ensure a smooth transfer. This is a rare opportunity to acquire a well-established, high-income-generating property in a prime location. All showings are by appointment only.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,415,000
- ML approach
- $1,445,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,865,000
- 6.5%
- $1,720,000
- 7%
- $1,600,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,125,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Richland
- State
- Ohio
- Longitude
- -82.5816
- Latitude
- 40.6793
- 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
$315
$4,480
$0.00
$4,480
-
$12,790
$0.00
$12,790
