Property profile

20 Main St Rittman, OH 44270

OFF-MARKET
Banks
Property ID
US66-0284273
3,936 SF 0.06 ac lot Built 1920
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,960 square foot executive office building, located at 20 S. Main Street in the heart of downtown Rittman, Ohio, presents a unique investment opportunity. Originally constructed in 1920 and beautifully renovated in 2014, the property boasts a blend of historic charm and modern functionality. The building comprises three levels: a ground floor of 5,752 square feet, a second floor of 3,604 square feet, and a finished basement of equal size (3,604 square feet). The ground floor features four offices, a conference room, a full kitchenette, and an ADA-compliant bathroom. The finished basement offers an additional four offices and two bathrooms. The property sits on a 0.75-acre lot and includes 21 parking spaces, supplemented by shared parking in the rear. Three covered drive-thru lanes are also present. Updated mechanical systems were installed during the 2014 renovation, along with a new roof and interior updates. Five bank vaults remain, offering potential for creative repurposing into additional office space. This vacant property is ideal for an owner-user seeking a prominent downtown location with ample space and unique features. The property's prime location in Wayne County, Ohio, and its substantial size make it an attractive prospect for a variety of businesses. The combination of historical character and modern amenities makes this a truly exceptional offering.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1920
Total area 3,936 SF
Lot 0.06 ac (2,422 SF)
APN 63-00422-000
UPID US66-0284273

Cap rate & NOI

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

Location

20 Main St Rittman, OH 44270-1438
Rittman metro Census 3400 WOOSTER, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2024
2 recorded transactions
2025
Price N/A
2024
$285,000

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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