451 Grace Street Mansfield, OH $ 240,000
451 Grace Street
$ 240,000
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451 Grace Street

Mansfield, OH, 44905
$ 240,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,497

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Commercial Property for sale in Mansfield, OH

for $240,000. This building was built in 1952 on a lot size of 37.

Step inside Greystone Lounge, a long-standing establishment with space and flexibility for a new owner. The open layout is ideal for seating and entertainment, complete with a dedicated bar area ready to serve guests. Public restrooms provide convenience, and the basement adds valuable storage or expansion options. Recent updates include a new furnace and air conditioning system in 2024, new toilets and sinks in the bathrooms, and new carpet throughout. Coolers were replaced just a year ago, and the pavement in the parking lot has been filled and restriped. The property also features new bar stools and updated lights on the front porch. Includes Vector Security System to protect the business and your peace of mind. With 17 years of successful operation under the current owner, this turnkey business is ready to continue its legacy or be reimagined for new possibilities. (The Liquor license is transferable with the sale.)

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Commercial Active

Price

$ 240,000

Property Type

Commercial

Taxes

$ 1,275

Style

Lot Size

37

Year Built

1952

Town/City

Mansfield

County/Region

Richland

MLS | Web ID

5152706

Features
General
Sewer Public Sewer
Heating Gas
Cooling Central Air
Possession Delivery Of Deed
Roof Rubber
Year Built 1952
Township Mansfield
Property Subtype Business
Tax Year 2024
Current Use See Remarks
Business Type Bar/Tavern/Lounge Restaurant
Additional Parcels Description 027-05-078-18-000 027-05-067-02-000
County Richland
Property Type Commercial Sale
Attached Garage false
Subdivision Name Mansfield
Building Features Private Restrooms
Status Active
Directions Fifth Ave to Grace Street
City Mansfield
High School District Mansfield CSD - 7006
Lot Size Units Acres
Tax Annual Amount 1275
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Mansfield CSD - 7006
Elementary School District Mansfield CSD - 7006
Year Built Source Public Records
Property Sub Type Additional Business
Legal Description 11681 40 X 125 11723 & 8 FT VAC ALLEY TO NOR GRACE ST 40 X 158
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Interior
Air Conditioning Y/N true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 37
Lot Size Acres 37
Lot Size Source Assessor
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* Excluded Features
List By
Grant Sluss

Listing Agent

Sluss Realty

Broker

gsluss@slussrealty.com

Email

Affordability Calculator

$1,604
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,497
Monthly Property Taxes
$106
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458829 Elementary School
4458793 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/3/2025$240,000 -7.69% Price Down
9/17/2025$260,000 Listed Price

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451 Grace Street, Mansfield, OH, 44905 is a Commercial Property for sale at $240,000 with a lot size of 37. 451 Grace Street was built in 1952. The property's zip code is 44905 which is in Mansfield, OH