Downtown Delaware Mixed-Use Redevelopment
For Sale
$1,200,000
18 N Sandusky St, Delaware, OH 43015
Unique multi-level building in downtown Delaware with redevelopment potential.
Property Size17,000 SF
Price / SF$70.59
Days on Market258
Property Features for 18 N Sandusky St
General Information
Standard status
Active
Size
17,000 SF
Property subtype
Retail
Building Details
Year Built
1876
Listing Agency:
3CRE Advisors, LLC - corporate
(740) 972-8499
Listed By:
Brett Post · License #OH #2014000355
(740) 972-8499
Source:
3cre
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 6 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This mixed-use building is located on Sandusky Street in downtown Delaware. The building, originally constructed in 1850 and remodeled in 1968, presents a redevelopment opportunity. Historically, the first floor has been used for retail, while the second and third floors have accommodated mixed uses, including retail and a dance hall. The property offers central access on Sandusky Street and rear access to public parking. The first floor provides over 10,000 square feet of space, with the two floors above each offering 3,300 square feet. The third floor features vaulted ceilings. The building is currently unoccupied. Its location offers walkability and ease of access, with a public parking lot situated behind the building providing retail access. The property is within walking distance of Ohio Wesleyan College.
Key Highlights
- Prime Downtown Delaware Location: Situated on Sandusky Street, the primary block in downtown, offering central access and high visibility.
- Significant Redevelopment Potential: A unique opportunity to create a statement property in the downtown Delaware market with mixed‑use or redevelopment options.
- Substantial Square Footage: Over 10,000 SF on the first floor, plus two additional floors of 3,300 SF each.
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 | $97.9k | $5.76 |
| − Vacancy | −$3.5k | −$0.21 |
| EGI | $94.4k | $5.55 |
| − OpEx | −$28.3k | −$1.67 |
| NOI | $66.1k | $3.89 |
17,000 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$944.1K
$826.1K – $1.10M
NOI $66,090 @ 7.0% cap · market cap 5.51%
Second Best
Mixed Use
$813.0K
$711.4K – $948.5K
NOI $56,908 @ 7.0% cap · market cap 4.74%
Theoretical Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $239,847 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 33%
Electronics 3%
Home Improvements & Furnishings 2%
United Dairy Farmers
Shops & Services
18,005 visits/mo
0.4 miles
Tim Hortons
Dining
11,721 visits/mo
0.4 miles
Amato's
Dining
6,705 visits/mo
0.3 miles
Huntington Bank
Shops & Services
6,016 visits/mo
0.3 miles
BP
Shops & Services
5,208 visits/mo
0.2 miles
Demographics for 43015, OH
57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Unique multi-level building in downtown Delaware with redevelopment potential.
Where is this retail space located?
The property is located at 18 N Sandusky St Delaware, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime Downtown Delaware Location: Situated on Sandusky Street, the primary block in downtown, offering central access and high visibility.; Significant Redevelopment Potential: A unique opportunity to create a statement property in the downtown Delaware market with mixed‑use or redevelopment options.; Substantial Square Footage: Over 10,000 SF on the first floor, plus two additional floors of 3,300 SF each.
