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    45 Lake St Delaware, OH 43015

    For Sale
    $499,950

    10,000 SF historic building suitable for office or residential use.

    Property size:
    10,000 SF

    Property Features for 45 Lake St

    General Information

    Size
    10,000 SF

    Building Details

    Year built
    1862

    Source: Dan Sheeran Agent Dan Sheeran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building in Downtown Delaware

    This 10,000 square foot historic building, constructed in the 1860s, is situated on approximately 0.31 acres in downtown Delaware. Zoned Community Business District (B-3), the timber and frame building presents an opportunity for adaptive reuse, potentially for office or residential purposes. The property features two stories, a partial lower level, and tall ceilings. Some mechanical and structural updates have been completed, and new restrooms have been installed. A walk-out lower level provides access to the large rear parking lot. The building is located at the corner of Lake Street (US-42) and E. Winter Street, just east of the main commercial corridor of Sandusky Street, and is located minutes from US-23, US-36, OH-37 and I-71. Possible historic tax credits may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Foust Engineering Inc Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0590149
    Latitude
    40.2998702

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    FAQs

    What type of property is this?
    Office building - 10,000 SF historic building suitable for office or residential use.
    Where is this office building located?
    The property is located at 45 Lake St Delaware, OH.
    What is the asking price?
    The asking price for this property is $499,950.
    What are key features of this property?
    This property features: - 10,000 SF historic building in downtown Delaware suitable for adaptive reuse (office or residential).; - Zoned Community Business District (B-3).; - Walk-out lower level to large rear parking lot.
    (614) 581-2434
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    45 Lake St Delaware, OH 43015
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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
    45 Lake St Delaware, OH 43015
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