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    OFF-MARKET
    Office Spaces

    785 Freedom St, Ravenna, OH 44266-2469

    4,064 SF 5.56 ac lot Built 1952
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US66-0898057
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 785 N Freedom St, Ravenna, OH 44266, offers a prime opportunity for manufacturing businesses. The property encompasses a substantial 60,420 square feet across two single-story buildings, constructed in 1947 and extensively renovated in 2013. The site sits on a generous 5.561-acre lot and is zoned I-1. The facility features a variety of space options, with a minimum divisible space of 21,013 square feet and a maximum contiguous space of 21,257 square feet. Currently, 33,612 square feet is available for lease. Building features include 18" eave height and 19'8" peak ceilings, providing ample vertical space. Loading and unloading is facilitated by three loading docks and one drive-in door. The property boasts robust electrical service with 400 Amp / 480 Volt 3-phase power. This well-maintained property presents a unique opportunity for businesses seeking a versatile and functional manufacturing space in a convenient location. The property's multiple suite configuration allows for flexibility in tenant needs. The address is 785 N Freedom St, Ravenna, OH 44266, and the APN is 31-316-10-00-141-000. This is a rare opportunity to secure a well-located, sizable manufacturing facility in a thriving Ohio market.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1952
    Total area 4,064 SF
    Lot 5.56 ac (242,237 SF)
    APN 31-316-10-00-141
    UPID US66-0898057
    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
    Current use
    Occupant on record · Public records
    • Catacel Corp Corporate Office
    • CJM Warehouse Warehouse & Storage
    • Johnson Matthey - Catacel Tech Center Industrial Manufacturer Production Facility
    • Portage Industries Freedom location Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Krp Ravenna LLC · 2 yrs held
    Krp Ravenna LLC
    since 2024
    Last sale
    $2.6M
    7 recorded transactions
    2024
    $2.6M
    2022
    2021
    $2.5M
    2019
    $125
    2017
    2013
    $710,000
    2008
    $1.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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