Silber Investment Properties is pleased to exclusively offer for sale 250 N Main St in Dunkirk, Ohio, a diversified mixed-use investment anchored by the United States Postal Service and offered at $165,000. The property generates $26,000 in annual income with reported operating expenses of only $5,260, resulting in an in-place NOI of approximately $20,740 and a 12.6% capitalization rate.
The property features four separate income streams, including the U.S. Postal Service, a photography studio, and two 2-bedroom/1-bath residential apartments. USPS occupies approximately 500 SF and pays $11,000 annually, with its current lease running through September 30, 2027. The photography studio generates $3,600 annually, while each apartment generates $5,700 annually; these three units are currently month-to-month, providing a purchaser with flexibility to evaluate future rental rates and lease structures.
The property benefits from a low reported operating expense structure, with approximately $1,200 in annual real estate taxes, $1,480 in insurance, and $2,580 in water/sewer/trash expenses. The resulting $20,740 NOI provides an investor with significant day-one cash flow relative to the $165,000 asking price.
Strategically positioned directly along N Main Street / State Route 68, the property benefits from approximately 5,798 vehicles per day and a central location within the Dunkirk community. The property aerial identifies nearby community and commercial uses including First Citizens National Bank, Hardin Northern Community Center and Razor's Edge Barber Shop, while the broader neighborhood aerial highlights nearby Dollar General, Hardin Northern Public Library, Marathon and other local businesses.
The offering provides a compelling combination of institutional USPS tenancy, diversified commercial and residential income, a low acquisition basis and a double-digit in-place return. With three month-to-month income-producing units alongside the existing USPS lease, an investor has both current cash flow and the flexibility to pursue future rental growth. The property may appeal to private investors and 1031 exchange buyers seeking a smaller-balance, income-producing mixed-use asset with an established government tenant.