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Listed price in listed location currency (USD).
$300,000

000

MLS® 1043352

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 3572 sqft
Garage No
HOA Fees 
Taxes $1,618
Days Active 3
Approx. Age 1900
Avg. Price Per Sqft $83
MLS® Number 1043352

Property Address: 231 N Main St, Urbana, OH, 43078-1603

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1043352
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 16, 2026List Date
$300,000List Price
  • Commute

Commute

Starting Address
Destination Address
231 N Main St, Urbana, OH

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