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USAOHUrbanaUrbana231 N Main St
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231 N Main St, Urbana, OH

House

Sold

Listed price in listed location currency (USD).
$285,000
$300,000

000

MLS® 226001559

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $2,336
Lot Size 
Approx. Age 1900
MLS® Number 226001559

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® Number226001559
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Feb 8, 2026End Date
$285,000Sold Price

Sold

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

Commute

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

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