Property profile

16 Madison St Leetonia, OH 44431

OFF-MARKET
Commercial real estate
Property ID
US66-1625624
13,760 SF 2.16 ac lot Built 1976
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in Leetonia, Ohio presents a compelling investment opportunity. Spanning over 2.35 acres, the property comprises five buildings offering a total of 22,353 square feet of versatile space. Building #1, a substantial structure, features 5,500 square feet of climate-controlled retail space, 1,600 square feet of office space, five restrooms, and ample warehouse capacity. This building boasts two large warehouses, each with 18-foot ceilings, mezzanines, and 12-foot drive-in doors. One warehouse measures 60 x 60 feet, and the other is 58 x 48 feet. The building is also equipped with robust 600-amp, 3-phase electric service. Building #2 offers 5,857 square feet divided into four bays, each with its own electric meter. Access to these bays is provided by a combination of sliding bypass doors and overhead doors (10-foot and 8-foot). Building #3 provides 2,736 square feet of warehouse space, accessible via a 10-foot overhead door and a sliding bypass door. Utilities for this building are supplied from the main building. Finally, Buildings 4 and 5 are identical open-air structures, each measuring 152 feet by 36 feet, fully covered and enclosed with end walls. This property's expansive size, diverse building configurations, and prime Leetonia location offer endless possibilities for a variety of commercial uses. The substantial square footage and multiple access points make this an ideal property for businesses requiring significant storage, manufacturing, or retail space.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Total area 13,760 SF
Lot 2.16 ac (94,046 SF)
APN 58-00860-000
UPID US66-1625624

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
  • Trade Show Venue (Bike/Boat/Book/etc) Store

Location

16 Madison St Leetonia, OH 44431-1160
Leetonia metro Census 950300 SALEM, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2026
Last sale
$398,000
5 recorded transactions
2026
$398,000
2023
$250,000
2023
Price N/A
2006
$165,000
2006
$200,000

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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