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Active · Mixed Use

1108 Water Street

Kent, OH 44240

$550,000

Listed Nov 2, 2026

1108 Water Street — photo 1 of 1
Beds0
Baths0
Square feet3,250 sq ft
MLS #226041543

Market opportunity

76 Opportunity Index

Strong opportunity signal based on 1 comparable homes. This is separate from your personal Listing Match.

76

Price versus comparable homes

positive

$550,000 versus a comparable median of $587,000 (6.3% below)

Price per square foot

positive

$169 per sq ft versus a comparable median of $247

Recent price movement

unknown

Not enough comparable evidence yet.

Time on market

neutral

1 days versus a comparable median of 3; worth investigating

The Opportunity Index is a research signal, not an appraisal or guarantee. Verify condition, costs, and comparable details before acting.

Listing overview

This Mixed Use is listed at $550,000 in Kent, OH 44240. 3,250 sq ft of interior space, 18,731 square feet of land

About this property

Excellent investment opportunity at 1108 S Water Street in Kent! This single-story brick retail building features two side-by-side units, offering existing rental income and an opportunity to lease the vacant space or establish your own business. Unit 1 generates $2,000 per month with a lease through December 2028. Unit 2 is currently vacant, providing flexibility for a new tenant or owner-user. Located approximately 0.9 miles from Kent State University and close to McDonald's and other retail businesses, the property offers potential for a coffee shop or another retail concept, subject to applicable zoning and approvals. Utilities are separately metered. Tenants are responsible for their utilities and general interior maintenance, including electrical, HVAC, plumbing, sewer, interior walls, fixtures, windows, and doors. Owner responsibilities include exterior and structural components, the roof and foundation, and snow plowing. Annual property taxes are $5,753, and insurance is $3,200. A great opportunity to expand your investment portfolio with rental income and additional leasing potential!

Highlights

Stories
0
Lot Size Acres
0.43

Location

Nearby schools

What’s nearby

Schedule a showing

Ryan Conway

Broker

Ryan Conway

Choose a day to see Ryan’s available times for 1108 Water Street.

Mortgage partner

Get pre-qualified

Mike Roman

See what financing this home could look like with Mike Roman at Highlands Mortgage.

Estimated payment$3,421/mo
Price
$550,000
Down payment
$110,000 (20%)
Principal & interest
$2,781/mo
Insurance
$160/mo
Property taxes
$479/mo

Planning estimate using your saved assumptions. Not a quote, pre-approval, or lending decision.

Talk with Mike about this home

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Listing courtesy of Ibrahim Al-Hejazin, Signature Real Estate — MLS# 226041543. Information deemed reliable but not guaranteed.

Listing Information © 2026 Columbus and Central Ohio Regional MLS. All Rights Reserved.

Listing information is refreshed from the current CCOR feed. Availability, pricing, and details can change without notice.

Information herein is deemed reliable but not guaranteed and is provided exclusively 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.

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