16 S Park St, Mansfield, OH 44902
sale
$1
|
Other
Courtesy Of RES Auction Services
Absolute Mansfield Commercial Building Online Only Auction Bidding Will Begin Ending Tuesday, December 1st @ 5:00 PM 3-Story Commercial Building - Investment Opportunity Bidding Available Property is located at 16 S Park Street, Mansfield. Real Estate: Selling to the highest bidder is this unique three-story commercial building with a basement, offering a combination of commercial space, residential apartments, and historic character. The main floor features a banquet area, kitchen, bar, restrooms, and office, with potential for event space, a restaurant, bar, catering business, or other commercial uses. The second floor includes four 1-bedroom, 1-bathroom apartments, each with a living room and kitchen, offering potential rental income or space for extended-stay housing. The basement provides additional storage, while the third floor features the original Mansfield Business College, which was used until the 1970s and remains much as it was when last occupied. This historic space offers a unique starting point for those considering redevelopment into offices, classrooms, creative studios, or other uses, subject to renovation and applicable approvals. The building requires extensive work, and an architect's report will be available on the website for prospective buyers to review and better understand the property's condition. With its combination of commercial space, residential units, and historic significance, this property offers a variety of possibilities for investors, developers, or entrepreneurs looking to renovate and repurpose a distinctive building. Open House: The building will be open for inspection Tuesday, November 17th 4-5:30PM. Private showings available. Taxes/Legal: Richland County Parcel Numbers 0270604718000, 0270604801000 are located in Mansfield City and Mansfield City School District. The current annual taxes are $2,221.52 and will be prorated to the date of closing. Terms: The successful purchaser will be required to make a non-refundable down payment of 10% at the conclusion of the auction with the balance due at closing within 45 days. A 10% buyer's premium will be added to the final bid to determine the purchase price. All inspections need to be completed prior to bidding. Additional details are available.
Read More About This Property
Read Less About This Property
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- MLSID: 12056930
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
lease
$350,000
Other
1085 Park Avenue W
Mansfield, OH 44906
Land: 0.64 Acres
Courtesy Of EXP REALTY LLC
lease
$5,000
Other
535 Beer Road 100
Mansfield, OH 44906
Courtesy Of Dzugan Real Estate Services, LLC
lease
$3,959
Other
1436 Lexington Avenue
Mansfield, OH 44907
Land: 19 Acres
Courtesy Of REMAX FIRST REALTY
lease
$3,200
Other
1655 W 4th Street
Ontario, OH 44906
Courtesy Of Dzugan Real Estate Services, LLC