103 Lake StreetKent, OH 44240

103 Lake StreetKent, OH 44240

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$850,000 Active
Commercial - Business MLS 4429101
3,992 sqft
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Listed By

Agency Name: Jack Kohl Realty
Agency Contact: 330-296-9997 jkohlre@jkohlre.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This landmark Kent property on the busy corner of Crain Ave., Lake St., and N. Water St. formerly known as Hutch Pet Shop is being offered for sale for the first time in over 50 years. There are 3 buildings included in this package deal- The retail store with apartment above (103 Lake Street), the 2 possibly 3 unit licensed rental house known as 115 Crain Ave., and the 2 unit licensed apartment building (118 Lake Street). The buildings have public utilities, sit on a total of .21 Acres, are located near the Hike and Bike Trail, downtown Kent, and KSU. High visibility with good access potential and traffic counts at approx. 10K cars per day. This corner would be a great candidate for redevelopment. Value is in the land!

103 Lake Street | MLS# 4429101

This commercial property located at 103 Lake Street, Kent, OH 44240 is currently listed for sale with an asking price of $850,000. Lake Street is located within the Kent City school district. Search Kent real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Basement: Full
Cooling: None
Days on Market: 1107
Heating: Gas
Lot Size: 0.21 Acres
Roof Type: Asphalt, Fiberglass
Taxes: $3,637 / year
Year Built: 1900

Feature Descriptions

Parcel#: 17-031-22-00-170-000
Parking: On Street, Unpaved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Kent City

Demographics

Portage County Demographic Information for 103 Lake Street, Kent, OH 44240
Fips
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

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