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    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
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    Blend (final) Blend
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    Owner & transaction history
    Logan County Reutilization Corp · 8 yrs held
    Logan County Reutilization Corp
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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