231 Main Street, Urbana, Ohio 43078

$300,000
3,572
Square Feet
0
Acres
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.

Basic Details
  • Status
    Active
  • Property Type
    Commercial Sale
  • Listing Type
    For Sale
  • Listing ID
    1043352
  • Price
    $300,000
  • Square Footage
    3,572 Sqft
  • Year Built
    1900
  • Lot Area
    0.04 Sqft
  • Location
    United States, Ohio, Champaign, Urbana, 43078
  • Subdivision Location
    Urbana
Features
  • Heating System
    Forced Air, Natural Gas
  • Cooling System
    Central Air
  • Basement
    Full
  • Exterior
    Brick, Stone
Appliances
No data
Address Map
  • Street
    Main
  • Street Number
    231
  • Street Suffix
    Street
  • Longitude
    W84° 14' 52.9''
  • Latitude
    N40° 6' 36''
  • Directions
    Use GPS
  • Street Dir Prefix
    N
Neighborhood
No data
Additional Information
  • Office Name
    Howard Hanna Real Estate Services
  • Agent Name
    John Crain
  • Area
    310 N OF US 36 AND E OF US 68
  • Tax Year
    2025
  • Lot Dimensions
    Irrg
  • RATIO Current Price By SQFT
    $84
  • Semi Annual Tax
    $1,618
  • List Agent MLSID
    crainjoh108
  • Listing Member Phone
    (937) 205-8898
  • Listing Office Phone
    (937) 644-0047
  • Provider
    Columbus
  • Agent ID
    20201106205520644230000000
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
231 Main Street, Urbana, Ohio 43078
Map
Listing information © 2026 Columbus
Listing provided by John Crain of Howard Hanna Real Estate Services : (937) 205-8898.
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