Property profile

35 E Main St Norwalk, OH 44857

FOR SALE
Retail space
Property ID
US66-2615300
7,125 SF 0.42 ac lot Built 1957
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 35 E Main Street in the vibrant uptown area of Norwalk, Ohio, presents a unique investment opportunity. Boasting over 11,400 square feet of versatile floor space, this building offers significant potential for a variety of commercial uses. The main storefront, with its prominent Main Street location, benefits from high visibility and pedestrian traffic. A partial basement provides additional storage or expansion possibilities. Convenient access to the property is enhanced by a rear loading dock and parking area accessible from Monroe Street. A secondary storefront with a separate entrance and address on East Main Street offers the potential for subleasing, generating additional income streams. The property's recent upgrades include a new roof and rooftop HVAC units, ensuring efficient and cost-effective operation. Three-phase electric service is also available, catering to a wide range of business needs. The building's history as a retail showroom demonstrates its suitability for similar uses, while its adaptable layout makes it equally well-suited for office space or other commercial ventures. The 0.42-acre lot provides ample space for parking and potential future expansion. This property represents a compelling opportunity to acquire a well-maintained, strategically located commercial building in a thriving Ohio community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Total area 7,125 SF
Lot 0.42 ac (18,487 SF)
APN 33-0210-03-003-0000
UPID US66-2615300

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Park

Location

35 E Main St Norwalk, OH 44857
Norwalk metro Census 915800 NORWALK, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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