Property Description

Address: 1141 - 1183 E. Main StreetCity/State: Ashland, OH 44805County: AshlandTax Parcel Number(s): P44-067-0-0092-02 2.15 acres Tax $31,621 P44-067-0-0091-00 1.03 acres Tax $2,255 P44-067-0-0091-01 1.19 acres Tax $1,149Taxes: 2025 $38,728.00Calculated Acreage: 4.37 acresSquare footage: 28,420 SF Strip Center & 1,152 SF residence with 2-car detached garageLand Use: Shopping Center/ResidentialUtilities: Ohio Edison Electric, Columbia Gas, Ashland City Water & Sewer Asking Price: $3,400,000Occupancy/Income: 100% occupied, Income of $27,190/monthly $326,280 annuallyEast Main Commerce Center/Shopping Center located at 1141 - 1183 E. Main Street in Ashland, OH 44805. 100% occupied 28,240 square foot center and a 1,152 single-family residence with a 2-car detached garage. FIRST TIMEON THE MARKET!! Built in 2001 by the current owner. Gross scheduled 2026Income of $27,190/month, $326,280/annually. An upgraded single-family homew/2-car garage can add an additional $15,000 - $20,000 annually. Recent Improvements include a $140,000 TPO rubber membrane roof, & 5 skylights,$100,000 In tenant improvements. Excellent construction, finishes, and well-maintained. 10 tenants currently in the Center. Separate utilities, ownership pays for water and trash. Self-managed with great upside. Must see to be appreciated. Please do not disturb ongoing business or tenants. Unique find in a great market area. Ideal for an IRS Section 1031 Like-Kind Exchange property. Proforma financials off current income plus renting of single-family home currently family occuppied.

Property Features