232 Main St Logan, OH 43138-1608
This exceptional commercial property, located at 232 W Main Street in Logan, Ohio, presents a unique investment opportunity. Priced at $199,000, this special-purpose building boasts a total of 2,856 square feet, all of which is net rentable. The building sits on a 3,049.2 square foot lot, offering a price per square foot of $69.68. The main floor features a flexible open storefront area ideal for retail or other commercial uses, complemented by approximately 2,000 square feet of warehouse space. This provides ample room for storage, inventory, or production. Upstairs, a separate entrance leads to a versatile 800-square-foot space, currently configured as a one-bedroom, one-bathroom apartment with a kitchen and large open room. This area could easily be adapted for office space, providing additional income potential or space for business expansion. The property's prime downtown Logan location offers excellent visibility and accessibility, placing it within a thriving and vibrant community. This building is a blank canvas, ready for your entrepreneurial vision to flourish. The property's versatility makes it suitable for a wide range of commercial uses, offering a significant return on investment. The combination of retail space, warehouse storage, and upper-level apartment/office space makes this a truly unique opportunity. This property is ready for immediate occupancy.
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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.