200 Main St Ravenna, OH 44266-2765
- Retail space
- 47,271 SF
- 0.34 lot acres
Current Use by Public Records
- Ravenna School of Music / Guitar Instructor / Piano Instructor
- OneMain Financial / Loan Agency
- Shiny Unicorn Cleaning Services / Janitorial Service / House Cleaning Service
Property Details for 200 Main St
- Year built
- 1911
- Lot size
- 0.34 lot acres
- Property size
- 47,271 SF
- Property type
- Retail space
- APN
- 31-360-03-00-037
- APU
- 313600300037
Description
Riddle Block 9, a beautifully restored 1911 landmark building in downtown Ravenna, offers exceptional retail and office spaces for lease. Located at the highly visible, signalized corner of Main and North Chestnut Streets, this property boasts an excellent commercial location score with high spatial demand. Four suites are currently available, ranging from 340 square feet to 2,250 square feet. The building features period architectural details, including a rooftop atrium and gorgeous retail spaces with glowing wood floors and high ceilings of original tin. The property benefits from high daily traffic counts (Main Street: 11,668 VPD; North Chestnut Street: 5,756 VPD) and is adjacent to the Portage County Courthouse, Ravenna 7 movie theater, and Guido's Pizza, ensuring high visibility and foot traffic. On-site building management provides professional support. The Central Business District zoning allows for a wide variety of uses, including legal, financial, medical, retail, and personal services. This is a unique opportunity to establish a presence in a thriving downtown area with strong business support from the Ravenna Chamber of Commerce and Main Street Ravenna. Liquor licenses are available for qualifying tenants. Competitive lease rates are offered. The building is anchored by One Main Financial. Available suites include: West Main Suite 208 (2,250 sq ft), Suite 206 (4,510 sq ft), North Chestnut Suite 111 (340 sq ft), Suite 113 (529 sq ft), Suite 115 (1,250 sq ft), and Suite 117 (1,250 sq ft).
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $295,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $275,000
- Mixed-Use
- $265,000
- Hospitality
- $330,000
- Educational
- $260,000
- Residential Income
- $315,000
- Energy
- $325,000
- Income-Based Land
- $280,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Ravenna
- County
- Portage
- State
- Ohio
- Longitude
- -81.2434
- Latitude
- 41.1581
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
