16 S Park St 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.