Former Bank Building in
125 W Spring Street Saint Marys, OH 45885
125 W Spring Street, Saint Marys, OH, 45885
$250,000
For Sale
$250,000
COMMERCIAL - Saint Marys, OH
Property Size4,264 SF
Price / SF$58.63
Days on Market218
Property Features for 125 W Spring Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Basement
- Full
- Standard status
- Active
- APN
- k3204601800
- Size
- 4,264 SF
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Building materials
- Stone
Listing Agency
Master Key Realty
(419) 586-2313
219 S Main Street, Celina, OH
Listed by
Brandi Wagner · License #BRKP2015003550
(419) 586-2313
Added: Dec 11, 2025 Checked: Jul 17 at 8:06 am
MLS# 1042950
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, formerly a Chase Bank building, is located in downtown Saint Marys, Ohio. The building has 3818 square feet on the main floor and additional storage and a kitchen area upstairs. The total property size is 4264 square feet. Zoned C-1, the property offers many possibilities for various commercial uses.
Key Highlights
- Large 3818 sq ft main floor offers significant space.
- Zoned C‑1, allowing for a wide range of commercial uses.
- Prime downtown location provides high visibility and accessibility.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $5.88 |
| − Vacancy | −$898 | −$0.21 |
| EGI | $24.2k | $5.67 |
| − OpEx | −$7.3k | −$1.70 |
| NOI | $16.9k | $3.97 |
4,264 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$793.6K
$694.4K – $925.8K
NOI $55,549 @ 7.0% cap · market cap 22.22%
Second Best
Retail
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,122 @ 7.0% cap · market cap 24.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Versatile commercial building in downtown Saint Marys, Ohio.
Where is this bank located?
The property is located at 125 W Spring Street Saint Marys, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Large 3818 sq ft main floor offers significant space.; Zoned C‑1, allowing for a wide range of commercial uses.; Prime downtown location provides high visibility and accessibility.
