Steve Neisel (330) 323-4979
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438-448 S Meridian Street Ravenna, OH 44266

Commercial - Retail MLS 5151612 Sold
Closed 550000
  • 438-448 S Meridian Street , Ravenna, OH 44266 Photo 1
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Listed By

Agency Name: EXP Realty, LLC.
Agency Phone: 866-212-4991

Shown By

Agent Name: Steve Neisel
Agent Phone: (330) 323-4979
Agency Title: Cutler Real Estate

Contact Steve Neisel About This Property

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Property Description

Investment opportunity to own a multipurpose investment with up to 9 commercial units and 3 residential homes on 1.4 acres in Ravenna. Current occupants include the BMV, dentist and a foot doctor. 3 vacancies available for lease. Homes are all rented to long term tenants.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Days on Market: 254
Heating: Forced Air, Gas
Lot Size: 1.40 Acres
Taxes: $11,484 / year
Year Built: 1964

Feature Descriptions

Parcel#: 31-361-23-00-106-000
Parking: On Site, Paved
Parking Notes: On Site, Paved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Ravenna City

Demographics

Portage County Demographic Information for
Fips
Fips Code 39133
Population
2020 to 2025 Change up 1.0%
2010 Count 161,419
2020 Count 161,791
2025 Estimate (V2025) 163,404
2020 Estimate (V2025) 161,796
Age Distribution (Years Old)
0 to 4 4.5%
5 to 17 17.8%
18 to 64 58.5%
65 and Older 19.2%
Gender
Male 49.3%
Female 50.7%
Place of Birth
Foreign 3.7%
US 96.3%
Education
High School Graduate, Age 25+ 92.9%
Bachelor's Degree or Higher, Age 25+ 32.5%
Computer and Internet use
Households with a computer 95.7%
Households with a broadband Internet subscription 89.8%
Language
English is Second Language, Age 5+ 4.5%
English is First Language, Age 5+ 95.5%
Veterans
Veterans 8,134
Income
Per Capita Income $40,483
Median Household Income $75,766
People in Poverty 11.7%
Commute
Average Work Commute Time 25 minutes
Housing
Total Housing Units 71,416
Households 65,249
Average Household Size 2.37
Owner-Occupied 70.1%
Multi-Family 22.1%
Owner-Occupied Median Value $227,000
Median selected monthly owner costs -with a mortgage $1,578
Median selected monthly owner costs -without a mortgage $611
Median gross rent $1,064
Building Permits
New Private Housing Issued 2024 200
Years at Residence
1 Year or More 87.0%
Less Than 1 Year 13.0%
Business and Employment
Private non-farm Establishments 3,051
Private non-farm Employment 48,660
Private non-farm Employment Growth down 0.1%
Nonemployer Establishments 11,742
Number of Firms 2,004
Business Production
Value of Shipments $3,414,065,000
Wholesale Trade $2,552,575,000
Retail Trade $2,382,688,000
Retail Sales Per Capita $12,043
Accommodation and Food Services $268,582,000
Land
Land Area 487.38 sq. miles
Population Per Square Mile 332

Source: US Census Bureau

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