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Flex Space with Office Area
For Sale
$225,000

120 S CANAL Street, Spencerville, OH 45887

Commercial Sale, Spencerville, OH

Property Size8,064 SF
Lot Size0.65 Acres
Price / SF$27.90
Days on Market268

Property Features for 120 S CANAL Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B1
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking features Off Street, Parking Lot
Window features Display Window(s)
Standard status Active
APN 44-1207-19-007.000, 44-1207-19-008.000,
Size 8,064 SF
Lot size 0.65 Acres

Taxes and HOA fees

Tax Annual Amount 1691

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1946
Floors in Building 1
Flooring type Tile - Ceramic, Concrete, Vinyl
Building materials Steel Frame
Roof type Rubber
Listing Agency: CCR Realtors · Real Living
Listed By: Richard Robinson III
Added: Dec 31, 2025 Changed: Sep 13 Last Checked: Sep 25 at 7:06AM
MLS# 309116

Copyright © 2026 West Central Association 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 8,064-square-foot flex property combines heated and air-conditioned commercial space with more than 800 square feet of reception and office area. The building includes men’s and women’s restrooms, rear storage areas, 11-foot ceilings in the non-office portion, and a 15x11 sliding barn door. Improvements include 3 roof HVAC units, a residential hot water heater, ceramic tile, concrete and vinyl flooring, a steel frame, and a rubber roof. The property was built in 1946 and is zoned B1.

Situated at 120 S Canal Street in Spencerville, the building is 1 block from RT 66 and includes .65 acres with off-street parking and a parking lot. Public water and public sewer serve the property. The configuration supports a combination of office, storage, and commercial work areas within one building.

Key Highlights

  • 8,064 square feet of heated and air‑conditioned commercial space
  • .65 acres with off‑street parking and a parking lot
  • More than 800 square feet of reception and office area

Property Analytics

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Current Use

Lucky Limo LLC Car Wash

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Plumbing Service Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11 ft
Clear height
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby
Under-served
Demand for This Use

Demographics for 45887, OH

4,688
Population
1,863
Households
2.5
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
69.7 sq mi
ZIP Area
67
Density / Sq Mi
$62,838
Median Household Income
$46,667
Median Earnings
$808
Median Rent
$185,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Heated and air-conditioned commercial space with reception, offices, restrooms, rear storage, and on-site parking.
Where is this flex space located?
The property is located at 120 S CANAL Street Spencerville, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 8,064 square feet of heated and air‑conditioned commercial space; .65 acres with off‑street parking and a parking lot; More than 800 square feet of reception and office area
More about this property
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