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    138 W 1St St Dayton, OH 45402

    For Sale
    $2,500,000

    COMMERCIAL - Dayton, OH

    Lot size:
    0.45 Acres
    Days on Market:
    192
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for 138 W 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R72-00201-0001
    Parking features
    Offsite
    Lot size
    0.45 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1906
    Floors in Building
    3
    Flooring type
    Carpet, Concrete
    Building materials
    Stone
    Roof type
    Shingle

    Century 21 Thacker & Associates, Inc. (513) 524-2221 [email protected]

    Listing agent Justin Steel

    Listing date Jun 5, 2025

    Copyright © 2025 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Downtown Dayton Landmark Property

    Located in the heart of downtown Dayton, this architecturally striking building at 138 W 1st Street, formerly the First Lutheran Church, presents an investment opportunity. The property features a bell tower, original organ, and high sanctuary ceilings. The 0.45-acre lot is suitable for various purposes, including continued use as a house of worship or transformation into an event space, performance venue, community center, boutique office, or residential conversion, subject to zoning regulations.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Lutheran Church ... Lutheran Church Chesterton Academy of St. ... High School

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.195611
    Latitude
    39.761428

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    FAQs

    What type of property is this?
    Church & religious facility - Unique property with endless possibilities in downtown Dayton.
    Where is this church & religious facility located?
    The property is located at 138 W 1St St Dayton, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Unique historic property in the heart of downtown Dayton.; - Architecturally striking building with a stunning bell tower.; - Endless possibilities for investors/developers (event space, office, residential, etc.).
    (513) 524-2221
    Request Owner's contact information
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    Dayton, OH 45402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138 W 1St St Dayton, OH 45402
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