Property profile

891 Locust St Wilmington, OH 45177

OFF-MARKET
Parking lots & garages
Property ID
US66-3756808
0.24 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 891 Locust Street in Wilmington, Ohio, offers 6,033 square feet of versatile space, perfect for a variety of business ventures. The building is situated on a lot with no acreage specified. Priced competitively at $275,000, this presents a significant opportunity for investors and entrepreneurs seeking a foothold in the thriving Wilmington market. The property's substantial square footage allows for ample room for operations, storage, or expansion. Its general commercial zoning provides flexibility for a wide range of uses, subject to local regulations. The address, 891 Locust Street, offers excellent visibility and accessibility, ensuring convenient access for both employees and customers. This property is an ideal investment for those looking to establish or expand their business in a strategic location within Wilmington. The asking price reflects a compelling value proposition, making it an attractive opportunity for those seeking a strong return on investment. Further due diligence is recommended to fully assess the property's potential and suitability for specific business needs. Interested parties are encouraged to conduct their own independent inspections and research to confirm all details and ensure compliance with all applicable regulations.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.24 ac (10,672 SF)
APN 290-15-17-21-0000-00
UPID US66-3756808

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
  • Physician
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

891 Locust St Wilmington, OH 45177-2118
Wilmington metro Census 964501 WILMINGTON, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
Last sale
$260,000
1 recorded transaction
2024
$260,000

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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