201 W Chillicothe Ave, Bellefontaine, OH 43311
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.