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Property profile & analytics
FOR SALE
Turn key restaurants

201 W Chillicothe Ave Bellefontaine, OH 43311

4,872 SF 0.33 ac lot
Entity Owned 8-yr Hold Free & Clear
Property ID
US66-4784274
Property summary
AI-generated overview

This stunning 4,872 square foot landmark building, located at 201 W Chillicothe Avenue in Bellefontaine, Ohio, presents a unique investment opportunity. Originally dedicated in 1914 and constructed of durable grey Ohio sandstone, this former post office boasts impressive architectural details including tall ceilings, large windows providing abundant natural light, intricate ironwork, and ornate moldings. The property sits on a 0.33-acre lot and offers excellent visibility in a vibrant downtown area, surrounded by award-winning restaurants and specialty retail shops. Significant updates have been made to ensure both preservation and functionality, including a new Duralast roof installed in 2017 and a combination of new and updated windows. The versatile layout is well-suited for a variety of commercial uses, such as a boutique hotel, upscale restaurant, or art gallery. A public city parking lot is conveniently located within walking distance, providing ample parking for patrons and visitors. Priced at $350,000, this property offers a rare chance to own a piece of Bellefontaine's history and contribute to its continued revitalization. The building's inherent charm and prime location make it an exceptional investment prospect with significant potential for future growth and profitability.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 4,872 SF
Lot 0.33 ac (14,300 SF)
APN 17-091-16-01-004-000
UPID US66-4784274
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Logan County Reutilization Corp · 8 yrs held
Logan County Reutilization Corp
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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