Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: bill@wlowery.com, 330-472-8082
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
TOUR PROPERTY
Choose a date and time to see 438-448 S Meridian Street, Ravenna, OH 44266.
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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: 187
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
Sewer: Public Sewer
Water: Public
Local Schools
School District: Ravenna City
Demographics
Portage County Demographic Information for 438-448 S Meridian Street, Ravenna, OH 44266Fips
Fips Code 39133
Population
2020 to 2023 Change up 0.5%
2010 Count 161,419
2020 Count 161,791
2023 Estimate (V2023) 162,665
2020 Estimate (V2023) 161,796
Age Distribution (Years Old)
0 to 4 4.5%
5 to 17 17.5%
18 to 64 59.5%
65 and Older 18.5%
Gender
Male 49.5%
Female 50.5%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 92.9%
Bachelor's Degree or Higher, Age 25+ 31.7%
Computer and Internet use
Households with a computer 93.7%
Households with a broadband Internet subscription 87.0%
Language
English is Second Language, Age 5+ 4.1%
English is First Language, Age 5+ 95.9%
Veterans
Veterans 8,208
Income
Per Capita Income $37,771
Median Household Income $69,796
People in Poverty 12.4%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 71,416
Households 63,588
Average Household Size 2.42
Owner-Occupied 70.7%
Multi-Family 22.1%
Owner-Occupied Median Value $197,100
Median selected monthly owner costs -with a mortgage $1,494
Median selected monthly owner costs -without a mortgage $567
Median gross rent $990
Building Permits
New Private Housing Issued 2023 300
Years at Residence
1 Year or More 86.6%
Less Than 1 Year 13.4%
Business and Employment
Private non-farm Establishments 3,047
Private non-farm Employment 47,812
Private non-farm Employment Growth down 0.1%
Nonemployer Establishments 11,411
Number of Firms 12,070
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
438-448 S Meridian Street | MLS# 5151612
This commercial property located at 438-448 S Meridian Street, Ravenna, OH 44266 is currently listed for sale with an asking price of $550,000. 438-448 S Meridian Street is located within the Ravenna City school district. Search Ravenna real estate on 15ontariotrail.cutlerhomes.com today.