160 Chestnut St Ravenna, OH 44266-2256
This stunning 1840s-era, 2-story retail building at 160 N Chestnut Street in Ravenna, Ohio, offers 2,756 square feet of versatile space. Recently renovated to reflect its historical charm, it features a large foyer, two spacious meeting rooms, a smaller office, a sunroom, and a catering kitchen. The first floor is ideal for retail, office, or event space use, having previously served as a successful event venue. Upstairs, a leased two-bedroom, one-bathroom apartment with a modern kitchen boasts granite countertops and updated cabinets, providing additional income potential. The property includes a 0.372-acre lot with a 12-car parking lot and a one-car attached garage. Recent upgrades include solar panels, new paving, fencing, roof, furnace, and A/C. Zoned Commercial (Central Business District) with a conditional use permit for the apartment, this property presents endless possibilities for a savvy investor. The property's rich history and modern amenities combine to create a unique and highly desirable commercial opportunity. Located in Portage County, Ohio, with easy access to local amenities and transportation, this property is priced at $279,900. The APN is 31-349-04-00-304-000.
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Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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