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Property profile & analytics
FOR SALE
Specialty properties

221 N Main St Bellefontaine, OH 43311

8,730 SF 0.56 ac lot Built 1945
Entity Owned 5-yr Hold Free & Clear
Property ID
US66-5063940
Property summary
AI-generated overview

This iconic 8,700-square-foot building, located at 221 N Main Street in the heart of Bellefontaine, Ohio, presents a unique investment opportunity. Situated on a 0.56-acre lot, this property boasts exceptional visibility and accessibility, being steps away from a variety of amenities including Airbnbs, restaurants, coffee shops, and retail stores. The building itself retains its historic charm, featuring architectural details that reflect its rich past. A paved parking lot is included, along with a second parcel at the rear offering additional parking. The property includes a large commercial kitchen, complete with two walk-in coolers, ideal for catering, culinary businesses, or a restaurant. The second floor offers significant potential for adaptive reuse, with possibilities including bridal suites, artist studios, or co-working spaces. The B2 Downtown Business District zoning allows for a variety of commercial uses. The building's prime location within Bellefontaine's revitalizing downtown area offers a blend of small-town charm and big-city energy. This versatile space is perfect for hosting events, from weddings and parties to corporate gatherings. Existing floor plans and renderings from the current owner are available upon request. This is a chance to acquire a piece of Bellefontaine's history and transform it into a thriving commercial enterprise. The asking price is $495,000.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1945
Total area 8,730 SF
Lot 0.56 ac (24,200 SF)
APN 17-091-12-15-014-000
UPID US66-5063940
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
Small Twon Properties LLC · 5 yrs held
Small Twon Properties LLC
since 2021
Last sale
$245,000
1 recorded transaction
2021
$245,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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