226 Main St Ottawa, OH 45875-1724
This exceptional mixed-use property, located at 226 W Main Street Unit 226 in Ottawa, Ohio, presents a unique investment opportunity. Situated on a 0.12-acre lot at a high-traffic intersection, this building offers unparalleled access to the vibrant downtown area, with shopping and dining options within easy walking distance. The property features a completely remodeled 3rd-floor, two-bedroom apartment. This apartment boasts a stunning transformation, including new wiring, drywall, fresh paint, a modern kitchen, and remodeled bathrooms. High-quality tile and flooring are installed throughout. The lower levels provide ample space ideal for one or more businesses, potentially functioning as office space or a studio, depending on the buyer's needs. The loft area offers additional versatility. The sale includes restrictions, and there's an added option to purchase a liquor license, significantly enhancing the potential for various business ventures. This property is perfect for an investor seeking a blend of residential and commercial income streams in a thriving downtown setting. The strategic location and the extensive renovations make this a truly remarkable opportunity. The 0.12-acre lot provides ample space for future expansion or outdoor amenities. Serious inquiries only.
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.