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    Property profile & analytics

    220 Main St Ravenna, OH 44266-2744

    • Retail space
    • 4,836 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Dec 23, 2024
    $275,000
    Location Intelligence
    Property ID
    US66-1951330
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vibes / Metaphysical Supply Store / Service Establishment

    Property Details for 220 Main St

    Year built
    1900
    Lot size
    0.11 lot acres
    Property size
    4,836 SF
    Property type
    Retail space
    APN
    31-360-03-00-034
    APU
    313600300034

    Description

    This exceptional mixed-use property, located at 220 W Main St in Ravenna, Ohio, presents a compelling owner-user opportunity. The building boasts a total of 4,836 square feet, currently 50% occupied. The space includes a 1,700 square foot second-floor retail/office area available for lease. Situated in the heart of downtown Ravenna, this corner building benefits from high visibility and significant foot traffic. The property includes a valuable asset: nine dedicated parking spots, a rare find in a downtown location. Adding to its appeal, this building participates in the Designated Outdoor Refreshment Area (DORA) program, enhancing its attractiveness to businesses and customers. The property enjoys a prime location with convenient access to major roadways, including OH-14 and OH-5, and benefits from high daily traffic volume of 14,598 vehicles on W Main St (OH SR-59). Priced at $284,900, owner financing is available. This is an ideal investment for a business seeking a high-traffic location with ample parking and lease potential. The property's mixed-use zoning allows for a variety of business applications. Don't miss this chance to own a thriving business in a vibrant downtown setting.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $310,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $330,000
      Mixed-Use
      $300,000
      Hospitality
      $355,000
      Educational
      $285,000
      Residential Income
      $295,000
      Energy
      $330,000
      Income-Based Land
      $315,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.244
    Latitude
    41.1581
    CBSA code
    10420
    CBSA name
    AKRON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,657
    $9,700
    $49,040
    $58,740
    -
    $27,700
    $140,100
    $167,800

    Comparable in this City

    • Value Estimation by Request
      10,080 SF

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    • Value Estimation by Request
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      640 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      640 Main St, Ravenna, OH 44266-2724
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    • Value Estimation by Request
      3,516 SF

      253 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,516 SF
      253 Main St, Ravenna, OH 44266-2742
      View Details
    • Value Estimation
      $325,000
      600 SF

      7770 State Rte 14

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      7770 State Rte 14, Ravenna, OH 44266-8006
      View Details
    • Value Estimation
      $280,000
      18,998 SF

      Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 18,998 SF
      Walnut St, Ravenna, OH 44266
      View Details
    • Value Estimation
      $280,000
      1,800 SF

      7515 Doak Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      7515 Doak Dr, Ravenna, OH 44266-7106
      View Details

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    220 Main St
    Ravenna, OH 44266-2744
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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