615 Market St Minerva, OH 44657-1003
- Medical offices
- 7,402 SF
- 0.33 lot acres
Current Use by Public Records
- Medical offices
Property Details for 615 Market St
- Year built
- 1957
- Construction
- BRICK
- Lot size
- 0.33 lot acres
- Property size
- 7,402 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 42-01615
- APU
- 4201615
Description
This 7,402 square foot commercial office building at 615 N Market Street, Minerva, OH, presents a unique investment opportunity. Situated on a 0.33-acre lot just north of downtown Minerva and near Minerva Municipal Park, this property enjoys a highly desirable location. The durable brick structure features four entrances (two front, two rear) and is zoned for business use. The building offers a flexible layout, ideal for a variety of businesses. The upper level includes two spacious reception areas, three restrooms, and multiple private offices. Similarly, the finished lower level provides two reception areas, two restrooms, multiple private offices, and two storage rooms. Separate HVAC and electric systems ensure efficient energy management. Significant recent improvements include a roof replacement completed in the summer of 2024. Parking is readily available with 4-5 spaces off Market Street and an additional parking lot off East Street accommodating 14-20 vehicles, primarily serving the lower-level offices. The irregularly shaped lot encompasses both parking areas. Detailed building plans and supplemental information are available to prospective buyers. This versatile property offers a compelling combination of prime location, flexible space, ample parking, and recent upgrades, making it an attractive option for businesses seeking a well-established presence in Minerva.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $70,000
- 6.5%
- $65,000
- 7%
- $65,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $80,000
- Geo Method
- $80,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $75,000
- Retail
- $80,000
- Mixed-Use
- $75,000
- Hospitality
- $85,000
- Educational
- $70,000
- Residential Income
- $75,000
- Energy
- $65,000
- Income-Based Land
- $65,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Minerva
- County
- Stark
- State
- Ohio
- Longitude
- -81.1009
- Latitude
- 40.735
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA