42 S Main StreetMount Gilead, OH 43338

Property Description

Excellent investment opportunity in downtown Mount Gilead! This charming commercial/mixed use property offers established income with a fully renovated first-floor hair salon and a second-floor residential unit occupied by a long-time tenant. Whether you're looking to expand your investment portfolio or establish your own business while benefiting from rental income, this property offers versatility and immediate income potential. The first-floor salon has been extensively updated in recent years, including flooring, plumbing, paint, a water heater, and more, providing an inviting space for business operations. The upper-level residential unit features an eat-in kitchen, full bath, spacious bedroom, and living area, offering comfortable accommodations and established rental income. The upstairs water heater was replaced in 2024. Additional improvements include a brand new covered rear deck/porch and staircase providing access to the upper level, fresh gravel in the rear patio area, a newly re-sealed roof with a 10-year product warranty, and new rear gutters. Parking is another valuable feature, with private parking behind the building, additional adjoining public parking, and convenient on-street parking. The public parking area also features an updated mural and picnic-table seating area for community use. Take advantage of this opportunity to own a well-maintained, income-producing property in the heart of downtown Mount Gilead, with established tenants, recent improvements, and excellent potential for your next investment.Rent amounts and copy of leases will be available upon request with a qualified buyer. Owner pays water/sewer/trash (all shared on one meter). Tenants pay electric, gas, internet. 24 hour notice required for all showings, and limited hours due to hours of salon.

Property Features