41 N Sandusky Street, Delaware, OH 43015
$1,350,000
Property Type:
Commercial
Square Footage:
17,945
Lot Size (sq. ft.):
4,356
Status:
Closed
Current Price:
$1,350,000
List Date:
2/02/2023
Last Modified:
2/11/2025
Description
[Property to be sold with 3-5 West Winter Street.] This beautiful 1924 four-story building offers many remodeled sections completed as recently as 2012. This property offers approximately 17,945 sq. ft. plus an additional 3,000 sq. ft. in the finished lower level area with separate side access to West Winter Street. The elevator is fully functioning. The front portion of this building is leased to First Commonwealth Bank, while a law firm occupies part of the 3rd floor, creating effectively monthly rent at $6,200 per month. A true cap rate cannot be calculated as the Delaware General Health District's (the owner) occupies most of the building as office space. ** The buildings next door (3-5 West Winter) are being sold with this property, and the additional parking spaces in the rear.
Supplements: ********
More Information MLS# 221003334
Location & Property Info
List Price/SqFt: 100.31
City (Mailing Addr): Delaware
Corp LimitPerAuditor: Delaware
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 17945
Bldg Sq Ft: 17945
Max Cont Sqft Avail: 13970
Minimum Sqft Avail: 13970
Total Parking: 7
# of Docks: 0
Lot Size (Side): 106
# of Floors Above Gr: 4
Year Built: 1914
Acreage: 0.1
Tax Info
Addl Parcel Numbers: (TP# 519-432-25-001-000, 519-432-25-002-000, 519-432-25-005-000, and 519-432-25-006-000)
Tax Abatement: No
Taxes (Yrly): 17696
Parcel #: 519-432-25-001-000
Tax Year: 2019
Remarks & Misc
Property Description: [Property to be sold with 3-5 West Winter Street.] This beautiful 1924 four-story building offers many remodeled sections completed as recently as 2012. This property offers approximately 17,945 sq. ft. plus an additional 3,000 sq. ft. in the finished lower level area with separate side access to West Winter Street. The elevator is fully functioning. The front portion of this building is leased to First Commonwealth Bank, while a law firm occupies part of the 3rd floor, creating effectively monthly rent at $6,200 per month. A true cap rate cannot be calculated as the Delaware General Health District's (the owner) occupies most of the building as office space. ** The buildings next door (3-5 West Winter) are being sold with this property, and the additional parking spaces in the rear.
Status Change Info
Sold Price/SqFt: 75.23
Under Contract Date: 2023-01-26
Sold Date: 2023-03-29
Sold Price: $1,350,000
Income/Expenses
Gross Income: 75474.96
Net Operating Income: 51413
Total Expenses: 24061.96
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
All: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Construction
Block: 1
Heat Fuel
Gas: 1
Services Available
Natural Gas Available: 1
Heat Type
Forced Air: 1
Other: 1
Auction Info
Auction/Online Bidding Y/N: No
Sprinkler
None: 1
Business Type
Financial: 1
Professional/Office: 1
Retail: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 2700000
Sold Price: $1,350,000
Property Sub Type: Mixed Use
Street #: 41
Street PreDirection: N
Street Name: Sandusky
Street Suffix: Street
County: Delaware
State: OH
Zip Code: 43015
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2021-02-04
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: All
Heat Fuel: Gas
Heat Type: Forced Air; Other
Services Available: Natural Gas Available
Construction: Block
Sprinkler: None
Business Type: Financial; Professional/Office; Retail
MLS Primary PhotoSrc: Realtor Provided
Listing Office: EXP Realty, LLC
Listing Agent: Sara Walsh
Last Updated: February - 11 - 2025
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