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
Overview
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.
Listing Details MLS# 221003334
Location Property Info
- Original List Price
- 2700000
- 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
- MLS Entry Date
- 2021-02-04
General Property Info
- Total SqFt Available
- 17945
- Bldg Sq Ft
- 17945
- Max Cont Sqft Avail
- 13970
- Minimum Sqft Avail
- 13970
- # of Floors Above Gr
- 4
- Total Parking
- 7
- Year Built
- 1914
- Lot Size (Side)
- 106
- Acreage
- 0.1
- # of Docks
- 0
Tax Info
- Parcel #
- 519-432-25-001-000
- 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 Year
- 2019
- Tax Abatement
- No
- Taxes (Yrly)
- 17696
Status Change Info
- Under Contract Date
- 2023-01-26
- Sold Date
- 2023-03-29
- Sold Price/SqFt
- 75.23
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
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
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.
Income/Expenses
- Gross Income
- 75474.96
- Net Operating Income
- 51413
- Total Expenses
- 24061.96
Addl Acceptance Cond
- None Known
- Yes
Expenses Paid by L
- All
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Construction
- Block
- Yes
Heat Fuel
- Gas
- Yes
Services Available
- Natural Gas Available
- Yes
Heat Type
- Forced Air
- Yes
- Other
- Yes
Sprinkler
- None
- Yes
Business Type
- Financial
- Yes
- Professional/Office
- Yes
- Retail
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 L Walsh
Last Updated: February - 11 - 2025
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