817 Main St Ravenna, OH 44266-2705
This completely renovated commercial building at 817 W Main Street, Ravenna, OH, presents a fantastic opportunity for a variety of businesses. Situated just west of downtown Ravenna, this property boasts a prime location with high visibility and easy access. The building itself has undergone a comprehensive renovation in 2023, including a new roof, exterior stone veneer, and a newly paved asphalt driveway. Significant upgrades also encompass the complete replacement of the electrical and plumbing systems, installation of a new HVAC system, a new water heater, and fresh interior paint throughout. Waterproofing has also been implemented to ensure the building's longevity. A substantial warehouse is attached to the rear of the building, offering ample storage or additional workspace. All appliances are included, making this a truly move-in ready property. The 0.18-acre lot provides convenient parking and outdoor space. Note that the square footage does not include the garage/warehouse area. Importantly, recent Ravenna city council approval allows for multi-use occupancy, expanding the potential uses for this versatile property. Priced at $409,900, this is an exceptional investment opportunity in a thriving community.
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.