45
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$300,000
Est. payment /mo
3,572 SqFt
New
231 N Main Street Urbana, OH 43078
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,572 sqft
Price per Sqft $83
Subdivision Urbana
MLS Listing ID 1043352
Year Built 1900
Annual Tax Amount $3,236
Tax Year 2025
Lot Size 1,742 Sqft
Lot Dimensions Irrg
Property Description
Turn-key, income-producing mixed-use property offering strong cash flow and a solid 9.0% cap rate. This fully leased two-unit building features a street-level commercial storefront paired with a second-floor residential apartment, making it an ideal opportunity for investors seeking stable, diversified income. The commercial space is currently leased at $1,200 per month, while the upper-level apartment generates $1,450 per month, for a total gross annual income of $31,800. With modest operating expenses and an annual NOI of $27,084, this property delivers reliable performance from day one. Both units are occupied under existing leases, providing immediate cash flow and minimizing vacancy risk. The highly visible Main Street location enhances long-term desirability for the commercial tenant while maintaining strong rental demand for the residential unit above. Whether you are expanding your portfolio, seeking a hands-off investment, or targeting a stabilized asset with upside potential, this property represents a compelling opportunity at an attractive price point. Offered at $300,000 -- invest with confidence in a fully leased, mixed-use asset with proven returns.
Location
State OH
County Champaign
Area 310 N Of Us 36 And E Of Us 68
Zoning Commercial
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature Brick, Stone
Building
Sewer Public Sewer
Water Supplied Water
Others
Ownership Corporate Owned
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/wrist/1043352
Listed by Howard Hanna Real Estate Services
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