24 S Main StreetLondon, OH 43140

24 S Main StreetLondon, OH 43140

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$369,900 Active
Commercial - Retail MLS 224042618
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Listed By

Agency Name: The Westwood Real Estate Co.
Agency Phone: 614-710-1707
Agent Name: Douglas D Smith

Shown By

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

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Property Description

24 South Main Street is an Commercial Retail Storefront in the heart of Downtown London, which has begun its transformation with hundreds of thousands of dollars being invested in the Downtown Core. This building would make an excellent owner-user or investment property with a Pro Form Cap Rate of 7+%. Highlights include:-Hardwood floors throughout.-Located in the Historic District of downtown London in proximity to significant redevelopment including renovated apartments and new storefronts.-Lots of natural lights via skylights and large storefront windows.-Abundant street parking.-Roof and furnace have been replaced in the last 10 years. The entire property was gutted and renovated in 2012.-The space is equipped with ceiling fans throughout, a sound system, and security

24 S Main Street | MLS# 224042618

This commercial property located at 24 S Main Street, London, OH 43140 is currently listed for sale with an asking price of $369,900. Search London real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Days on Market: 124
Heating: Forced Air
Lot Size: 0.07 Acres
Taxes: $850
Year Built: 1920

Feature Descriptions

Parcel #: 31-01470.000
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Demographics

Madison County Demographic Information for 24 S Main Street, London, OH 43140
Fips
Fips Code 39097
Population
2020 to 2023 Change up 1.8%
2010 Count 43,435
2020 Count 43,824
2023 Estimate (V2023) 44,602
2020 Estimate (V2023) 43,843
Age Distribution (Years Old)
0 to 4 5.1%
5 to 17 20.8%
18 to 64 59.2%
65 and Older 14.9%
Gender
Male 55.0%
Female 45.0%
Place of Birth
Foreign 1.9%
US 98.1%
Education
High School Graduate, Age 25+ 88.8%
Bachelor's Degree or Higher, Age 25+ 20.4%
Computer and Internet use
Households with a computer 93.4%
Households with a broadband Internet subscription 89.1%
Language
English is Second Language, Age 5+ 5.1%
English is First Language, Age 5+ 94.9%
Veterans
Veterans 2,598
Income
Per Capita Income $33,512
Median Household Income $77,062
People in Poverty 10.0%
Commute
Average Work Commute Time 25 minutes
Housing
Total Housing Units 16,143
Households 15,264
Average Household Size 2.57
Owner-Occupied 75.9%
Multi-Family 13.2%
Owner-Occupied Median Value $201,200
Median selected monthly owner costs -with a mortgage $1,424
Median selected monthly owner costs -without a mortgage $547
Median gross rent $899
Building Permits
New Private Housing Issued 2023 274
Years at Residence
1 Year or More 85.9%
Less Than 1 Year 14.1%
Business and Employment
Private non-farm Establishments 711
Private non-farm Employment 15,740
Private non-farm Employment Growth up 6.6%
Nonemployer Establishments 3,013
Number of Firms 2,967
Business Production
Value of Shipments $1,328,540,000
Wholesale Trade $0
Retail Trade $1,745,971,000
Retail Sales Per Capita $0
Accommodation and Food Services $51,887,000
Land
Land Area 465.88 sq. miles
Population Per Square Mile 94

Source: US Census Bureau

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