111 W Main StreetBremen, OH 43107

111 W Main StreetBremen, OH 43107

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$299,000 Active
Commercial - Business MLS 225036058

Listed By

Agency Name: The Westwood Real Estate Co.
Agency Phone: 614-710-1707
Agent Name: Matthew C Edwards

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

3,156 Retail and Apartment/Short Term Rental Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.Property Overview:Formerly operated as a Coffee Shop & Bakery, meticulously renovated 3,156 SF buildingoffers a turnkey combination of Retail Space on the first floor, with a cash flowing Apartment,AirBnB and/or living quarters on the second floor.Property Highlights:*Retail Space: 1,656 SF with a separate front entrance, ideal for customer-facing operations forrestaurant, retail, or office.*Current Equipment/Furnishing Included for both Retail Space & Residential - TURNKEY*Apartment Space: 1,500 SF with a separate entry*Historic Charm & Character will full renovations throughout the building*New Public Space next to building which hosts summer weekend concerts*Having both retail space (first floor) and residential (upstairs) means diversified income*Being on Main St. gives great visibility for retail tenants, foot traffic, ease of access.*Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.

111 W Main Street | MLS# 225036058

This commercial property located at 111 W Main Street, Bremen, OH 43107 is currently listed for sale with an asking price of $299,000. Search Bremen real estate on 2210scrollroadsw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 93
Lot Size: 0.04 Acres
Taxes: $1,237
Year Built: 1910

Feature Descriptions

Parcel #: 03-50139-200

Demographics

Fairfield County Demographic Information for 111 W Main Street, Bremen, OH 43107
Fips
Fips Code 39045
Population
2020 to 2023 Change up 4.1%
2010 Count 146,156
2020 Count 158,921
2023 Estimate (V2023) 165,360
2020 Estimate (V2023) 158,908
Age Distribution (Years Old)
0 to 4 5.7%
5 to 17 23.6%
18 to 64 53.9%
65 and Older 16.8%
Gender
Male 50.0%
Female 50.0%
Place of Birth
Foreign 4.1%
US 95.9%
Education
High School Graduate, Age 25+ 93.9%
Bachelor's Degree or Higher, Age 25+ 31.1%
Computer and Internet use
Households with a computer 94.5%
Households with a broadband Internet subscription 89.2%
Language
English is Second Language, Age 5+ 5.0%
English is First Language, Age 5+ 95.0%
Veterans
Veterans 9,179
Income
Per Capita Income $38,783
Median Household Income $82,969
People in Poverty 8.8%
Commute
Average Work Commute Time 28 minutes
Housing
Total Housing Units 64,207
Households 58,723
Average Household Size 2.66
Owner-Occupied 74.9%
Multi-Family 15.4%
Owner-Occupied Median Value $247,800
Median selected monthly owner costs -with a mortgage $1,599
Median selected monthly owner costs -without a mortgage $613
Median gross rent $1,042
Building Permits
New Private Housing Issued 2023 439
Years at Residence
1 Year or More 88.7%
Less Than 1 Year 11.3%
Business and Employment
Private non-farm Establishments 2,737
Private non-farm Employment 35,677
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 12,265
Number of Firms 11,556
Business Production
Value of Shipments $1,121,644,000
Wholesale Trade $0
Retail Trade $1,966,556,000
Retail Sales Per Capita $11,384
Accommodation and Food Services $252,325,000
Land
Land Area 504.41 sq. miles
Population Per Square Mile 290

Source: US Census Bureau