Former Bank Building with
125 W Spring Street Saint Marys, OH 45885
125 W Spring Street, Saint Marys, OH, 45885
$250,000
For Sale
$250,000
Former Chase Bank building offered for sale, featuring main-floor space plus upstairs storage and a kitchen area.
Property Size4,264 SF
Price / SF$58.63
Days on Market224
Property Features for 125 W Spring Street
General Information
- Standard status
- Active
- Size
- 4,264 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1970
Listing Agency
Master Key Realty
(419) 586-2313
Listed by
Brandi Wagner · License #BRKP2015003550
(419) 586-2313
Source
Xome
Added: Dec 9, 2025 Updated: Jul 19 at 2:20 am Checked: Jul 20 at 1:45 am
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 Master Key Realty
Investment Insights
Based on property information with market context.
Former Chase Bank building offered for sale with main-floor space of 3,818 square feet. The property also includes an upstairs area with additional storage and a kitchen area, supporting a range of redevelopment and reuse plans.
The building is zoned C-1 and is situated in the heart of downtown. With a total property size of 4,264 square feet, it offers a defined, workable footprint for buyers looking to adapt an existing banking facility.
The layout provides a primary open main level along with upstairs utility space, giving flexibility for interior reconfiguration within the existing structure.
The building is zoned C-1 and is situated in the heart of downtown. With a total property size of 4,264 square feet, it offers a defined, workable footprint for buyers looking to adapt an existing banking facility.
The layout provides a primary open main level along with upstairs utility space, giving flexibility for interior reconfiguration within the existing structure.
Key Highlights
- Former Chase Bank building with 3,818 SF main‑floor space
- Includes upstairs storage area plus a kitchen area
- Zoned C‑1
Local 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 | $25.1k | $5.88 |
| − Vacancy | −$898 | −$0.21 |
| EGI | $24.2k | $5.67 |
| − OpEx | −$7.3k | −$1.70 |
| NOI | $16.9k | $3.97 |
4,264 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$793.6K
$694.4K – $925.8K
NOI $55,549 @ 7.0% cap · market cap 22.22%
Second Best
Retail
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,122 @ 7.0% cap · market cap 24.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Former Chase Bank building offered for sale, featuring main-floor space plus upstairs storage and a kitchen area.
Where is this bank located?
The property is located at 125 W Spring Street Saint Marys, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Former Chase Bank building with 3,818 SF main‑floor space; Includes upstairs storage area plus a kitchen area; Zoned C‑1
