1360 N Main Street, Mineral Ridge, OH

Others for Sale - $339,000 - 2,400 Sq. Ft. on 0.84 acres


Agent Info

Dawn Nicholas
CENTURY 21 Lakeside Realty

Property Info

CIMLS#1185813
Location
  1360 N Main Street
  Mineral Ridge OH 44440
UpdatedDecember 30th, 2025
TypeOthers
Price$339,000
Building2,400 Sq. Ft.
Land0.84 acres

Property Description

EXCELLENT INVESTMENT OPPORTUNITY. This building pays for itself with a lease from Mercy Health. The listing is for the BUILDING only not the business. The property sits back off Niles-Cortland Rd. (shown as Main St. on auditor's site) bordering Mineral Ridge and Austintown. The clinic features a three-sided brick building with a wood back left intentionally for future expansion of building and parking. Updates include roof (5 years), sidewalk repair, HWT 2019, HVAC 1 of the 2 units has been updated, 3/4 of parking lot resurfaced. Building contains 6 exam rooms, 3 restrooms, lobby and reception area, staff office space, doctor's private office, lab areas and kitchen. Current lease with Mercy transfers to new landlord. Mo. income is $13.52/sq ft (2400) through April 2026. May 2027 increases to $13.79/sq ft. (2400). Renew options increase per year. Contract information provided from Mercy's leasing agent and per contract. Expenses include water, electric, gas, internet and maintenance. Lease increases by 2% per year based on anniversary date of the intial contract. Lease has been in place since April 2019.


Financials


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