231 N Main Street, Urbana, OH 43078
New Listing
$300,000
Property Type:
Commercial
Square Footage:
3,572
Lot Size (sq. ft.):
1,742
Status:
Active
Current Price:
$300,000
List Date:
1/16/2026
Last Modified:
1/16/2026
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.
Supplements: ********
More Information MLS# 226001559
Location & Property Info
List Price/SqFt: 83.99
City (Mailing Addr): Urbana
Corp LimitPerAuditor: Urbana
Office/Contract Info
For Sale: No
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 3572
Bldg Sq Ft: 3572
Max Cont Sqft Avail: 3572
Minimum Sqft Avail: 3572
# of Docks: 0
Lot Size (Side): 93
Use Code: 429 - OTHER RETAIL STRUCTURES
# of Floors Above Gr: 2
Year Built: 1900
Acreage: 0.04
Tax Info
Tax Abatement: No
Taxes (Yrly): 2336
Parcel #: K48-25-00-03-19-115-00
Tax Year: 2025
Remarks & Misc
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.
Income/Expenses
Gross Income: 31800
Net Operating Income: 27084
Total Expenses: 4716
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Heat Type
Forced Air: 1
Auction Info
Auction/Online Bidding Y/N: No
New Financing
Conventional: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 300000
List Price: $300,000
Property Sub Type: Mixed Use
Street #: 231
Street PreDirection: N
Street Name: Main
Street Suffix: Street
County: Champaign
State: OH
Zip Code: 43078
Township: Urbana
OfficeContract Info
Status: Active
MLS Entry Date: 2026-01-16
Property Features
Addl Acceptance Cond: None Known
Heat Fuel: Gas
Heat Type: Forced Air
Water Source: Public
Sewer: Public Sewer
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Howard Hanna Real Estate Srvcs
Listing Agent:
John Crain
Last Updated: January - 16 - 2026
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