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    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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