Bank Building With
For Sale
$300,000
125 W Spring Street, Saint Marys, OH 45885
Commercial Sale, Saint Marys, OH
Property Size4,264 SF
Price / SF$70.36
Days on Market299
Property Features for 125 W Spring Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Basement
Full
Subdivision
Grand Opera House Co
Directions
in the heart of St. Marys. This is the former Chase Bank Building.
Standard status
Active
APN
k3204601800
Size
4,264 SF
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Public Sewer
Heating system
Steam
Cooling system
Central Air
Building Details
Year built
1970
Building materials
Stone
Listing Agency:
Master Key Realty · Century 21 Real Estate
(419) 586-2313
Listed By:
Brandi Wagner · License #BRKP2015003550
(419) 305-1186
Added: Dec 11, 2025
Changed: Oct 1
Last Checked: Oct 6 at 7:06PM
MLS# 1042950
Copyright © 2026 Western Regional Information System & Technology, Inc. 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 former bank property provides 4,264 square feet across a primary floor and an upper level. The main floor contains 3,818 square feet, while the second level adds storage and a kitchen area. Stone construction, steam heat, central air, and a dedicated parking lot are part of the existing improvements. Public sewer serves the building, which was constructed in 1970.
Located at 125 W Spring Street in downtown Saint Marys, the property is zoned C-1. Its existing configuration includes substantial ground-floor space together with functional upper-level support areas.
Located at 125 W Spring Street in downtown Saint Marys, the property is zoned C-1. Its existing configuration includes substantial ground-floor space together with functional upper-level support areas.
Key Highlights
- 4,264‑square‑foot former bank property at 125 W Spring Street
- Main floor contains 3,818 square feet
- Upper level includes storage and a kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,922
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,440
$338.4K
Cap Rate 7%
$241,743
$241.7K
Cap Rate 9%
$188,022
$188.0K
Market Conditions
NOI Build-Up for 4,264 SF
Gross rent
$25.1K $5.88/SF
− Vacancy
−$898 −$0.21/SF
EGI
$24.2K $5.67/SF
− OpEx
−$7.3K −$1.70/SF
NOI
$16.9K $3.97/SF
Area
Auglaize County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,440
Cap Rate 7%
$241,743
Cap Rate 9%
$188,022
Alternative Uses
Best Use
Specialty Retail
$793.6K
$694.4K – $925.8K
NOI $55,549 @ 7.0% cap · market cap 18.52%
Second Best
Retail
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,122 @ 7.0% cap · market cap 20.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
13,008 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
6,510 visits/mo
0.1 miles
Sunoco
Shops & Services
1,749 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
750 visits/mo
0.4 miles
Demographics for 45885, OH
12,863
Population
5,734
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
95%
High-School Grad
72.4 sq mi
ZIP Area
178
Density / Sq Mi
$75,054
Median Household Income
$43,812
Median Earnings
$882
Median Rent
$153,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank facility with an upper-level kitchen area, C-1 zoning, central air, and on-site parking.
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 $300,000.
What are key features of this property?
This property features: 4,264‑square‑foot former bank property at 125 W Spring Street; Main floor contains 3,818 square feet; Upper level includes storage and a kitchen area
