220 Main St Ravenna, OH 44266-2744
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.
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Vibes Service Establishment Metaphysical Supply Store
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
Similar Nearby for Lease
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.