Active

$550,000

1108 S Water Street
Kent, OH 44240

0
Baths: 0.43
Acres

About this home

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 yo...

List price: $550,000
Original list price: $550,000
Annual property taxes: $5,753 / year

MLS # 20261102141324336803000000 · Listed by Ibrahim B Al-Hejazin · Signature Real Estate · Listed Nov 2, 2026 · Updated Nov 2, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226041543
Status: Active
List price: $550,000
Original list price: $550,000
List date: Nov 2, 2026
Property type: Commercial
Property subtype: Mixed Use
County: Portage
Township: Keene
Parcel number: 17-012-20-00-177-000

TaxesMLS-approved public listing fields

Annual property tax: $5,753
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bathrooms: 0
Finished area: 3,250 sq ft

Exterior and lotMLS-approved public listing fields

Lot size: 0.43

Listing and showing informationMLS-approved public listing fields

Listing office: Signature Real Estate
Listing agent: Ibrahim B Al-Hejazin
Public remarks: 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!

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20261102141324336803000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: Signature Real Estate
Listing agent: Ibrahim B Al-Hejazin
List date: Nov 2, 2026

Location & neighborhood

Named schools are not available from the reviewed sources for this listing.

Data details

District attendance-area locator

District: Kent City School District

MLS-reported school names are not guaranteed attendance assignments. Independently verify every school and attendance assignment with the district.

How this home fits the Kent market

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$3,490

Estimated loan amount: $440,000

Principal & interest: $2,781
Property taxes: $479
Home insurance: $229
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details

Insurance starts at a planning estimate of 0.5% of the home price per year. Items shown as “Not included” are excluded from the total. The estimate does not include closing costs, utilities, maintenance, special assessments, or every lender and escrow charge; mortgage insurance may also apply based on the loan.

Your local advisor

Clint Ford

Team Lead, REALTOR®

+16143525645

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