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THE POSSIBILITIES ARE ENDLESS! SET ON NEARLY 3 SECLUDED ACRES AT THE END OF 3RD AVENUE, A NO THROUGH STREET YET JUST STEPS FROM THE HISTORIC VILLAGE CENTER OF MOUNT STERLING, THIS RUSTIC YET ELEGANT FORMER EVENT VENUE (THE MERCANTILE) IS TRULY HIDDEN IN PLAIN SIGHT. THIS PROPERTY OFFERS EXCEPTIONAL FLEXIBILITY: LIVE AND WORK FROM HOME, MODIFY THE CURRENT STRUCTURES, OR BUILD YOUR DREAM HOME AND ENJOY A FAMILY PARTY BARN AND/OR SPACE FOR YOUR BUSINESS. IT COULD BE PERFECT FOR A MARKET OR ANTIQUE SPACE, GREENHOUSE, EVENT HUB, AIR B&B, SPECIALTY SERVICES BUSINESS, OR ALMOST ANYTHING (WITH PROPER ZONING). A POPULAR WEDDING DESTINATION SINCE 2017, THIS PROPERTY IS THE IDEAL SETTING FOR WEDDINGS, RECEPTIONS, REUNIONS, AND SPECIAL EVENTS. DÉCOR AND CHATTEL CAN BE MADE AVAILABLE AND SOLD SEPARATELY. THE CURRENT STRUCTURES OFFER BOTH INDOOR AND OUTDOOR ENTERTAINMENT SPACES, PROVIDING A TURNKEY FOUNDATION FOR CONTINUING OR EXPANDING A VENUE BUSINESS. THE PROPERTY FEATURES ~9,300 SF OF ENCLOSED SPACE, INCLUDING A 35X120 RECEPTION BARN/BALLROOM AND A 36X90 BUILDING WITH KITCHEN PREP AREA AND STORAGE. GUESTS ENJOY HEATED AND COOLED BRIDE AND GROOM SUITES, PLUS A 20X30 DETACHED GARAGE WITH A 14X30 ENCLOSED ADDITION. A 30X90 WEATHER PROTECTED PAVILION WITH BAR AREA AND OVERHEAD FANS CREATES THE PERFECT POST CEREMONY COCKTAIL HOUR SPACE OR AN INVITING SPOT TO RELAX AND WATCH THE SUNSET. THERE'S ALSO A COURTYARD AREA FOR FLEXIBLE USE. ADDITIONAL HIGHLIGHTS INCLUDE ~150 PARKING SPACES, INDOOR SEATING FOR ~200 GUESTS, AND OUTDOOR CAPACITY FOR 150-200. SURROUNDED BY MATURE TREES AND SCENIC VIGNETTES, EVERY CORNER OF THE PROPERTY OFFERS NATURAL BEAUTY AND CHARM. ENCLOSED SPACES SF = 9,324. TOTAL SF THAT INCLUDES OPEN & COVERED VERANDA = 12,024.

  • Year Built
    1984
  • Stories
    2.0
  • Construction Materials
    Frame, Block
  • Heating
    Other

  • Acres
    2.91
  • Utilities
    Sewer Available, Electricity Available, Water Available
  • Water
    Public

  • County
    Madison
  • City
    Mount Sterling
  • Neighborhood
    The Mercantile Wedding & Event Center
  • Zip Code
    43143

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Frequently Asked Questions

How do I schedule a tour of 8 E 3rd Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 8 E 3rd Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 8 E 3rd Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $649,900. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Mount Sterling, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 8 E 3rd Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 8 E 3rd Ave at around $4,451. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 8 E 3rd Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Madison County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 8 E 3rd Ave?

In most cases, yes. Whether 8 E 3rd Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Mount Sterling's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 8 E 3rd Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Mount Sterling and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $649,900 with 12,024 sqft of space—that comes out to approximately $54 per square foot.

How long has this property been on the market?

8 E 3rd Ave was listed on August 14, 2026, which means it's been on the market for 85 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1984, making it approximately 42 years old.

What is the lot size of this property?

8 E 3rd Ave sits on a 2.91-acre lot, which is 126,760 square feet.

What are the property taxes for 8 E 3rd Ave?

The most recent public record shows annual property taxes for 8 E 3rd Ave were approximately $11,129. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 8 E 3rd Ave still available for sale?

This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Columbus and Central Ohio Regional MLS. All rights reserved.

Last Updated: November 07, 2026 at 09:15AM | Source: Columbus and Central Ohio Regional MLS | MLS#: 226030948