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Flex Space with Reception and Office
For Sale
$225,000

120 S CANAL Street, Spencerville, OH 45887

COMMERCIAL - Spencerville, OH

Property Size8,000 SF
Lot Size0.65 Acres
Price / SF$27.90
Days on Market234

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 Forced Air, Natural Gas
Water source Public

Amenities

heated and air conditioned
reception and office area
restrooms
roof HVAC units
hot water heater
sliding barn doors
storage areas

Building Details

Year built 1946
Floors in Building 1
Flooring type Vinyl, Concrete, Tile - Ceramic
Building materials Steel Frame
Roof type Rubber
Listing Agency: CCR Realtors · Real Living
Listed By: Richard Robinson III
Added: Dec 31, 2025 Changed: Aug 4 Last Checked: Aug 22 at 2:06PM
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.

Flex space opportunity offering 8,064 SF of heated and air conditioned commercial space. More than 800 SF of the building is dedicated to reception and office area, supported by men’s and women’s restrooms.

The layout includes a non-office area with 11-foot ceilings, plus additional storage areas in the rear. Exterior access features 15x11 sliding barn doors, and the building is served by forced air natural gas heating. Building systems include three roof HVAC units and a residential hot water heater.

Constructed with a steel frame and finished with tile, concrete, and vinyl flooring, the property includes off-street parking in a parking lot setting. The site totals 0.65 acres, with public water and public sewer provided. Built in 1946, the roof is rubber.

Key Highlights

  • 8,064 SF heated and air conditioned flex/commercial space
  • Over 800 SF reception and office area with men’s and women’s restrooms
  • Non‑office area features 11‑foot ceilings

Property Analytics

Current Use

Lucky Limo LLC Car Wash

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Plumbing Service Nail Salon Kitchen & Bath Showroom

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Heated and air conditioned flex space with over 800 SF of reception and office area plus B1 zoning and plenty of 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 SF heated and air conditioned flex/commercial space; Over 800 SF reception and office area with men’s and women’s restrooms; Non‑office area features 11‑foot ceilings
More about this property
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