Multi-Level Retail and Office
For Sale
Contact for pricing
17 N Sandusky St, Delaware, OH 43015
Vacant downtown building with renovated retail on the first floor and multiple office spaces on upper levels.
Property Size18,229 SF
Price / SF$126.17
Days on Market877
Property Features for 17 N Sandusky St
General Information
Standard status
Active
Size
18,229 SF
Property subtype
RETAIL
Additional Details
Office Units
10
Building Details
Stories
3
Listing Agency:
3CRE Advisors, LLC | Columbus
(740) 417-0946
Listed By:
Tracie Tormasi · License ##2014000355
(740) 417-0946
Source:
Moodyscre
Added: Mar 13, 2024
Changed: Jul 25
Last Checked: Jul 25 at 12:46PM
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 3CRE Advisors, LLC | Columbus
Investment Insights
Based on property information with market context.
Spacious, multi-level commercial building offering both retail and office space. Recent renovations include metal ceilings with accents and trims, hardwood floors throughout, new windows, refinished bathrooms, and new heating and cooling throughout the building. The first floor is designed as a large, flexible retail area suitable for a restaurant, retail shop, or event space. The second floor features a large room with high ceilings and hardwood floors, plus four large offices that can be rented separately or together. The third floor provides six additional offices for lease.
Located on a key downtown block in Delaware, Ohio, on the main block of Sandusky Street. A large public parking lot is located behind the building, with plentiful street parking available at the front.
The building is currently vacant and offers a straightforward mix of retail space and multiple office configurations across three levels.
Located on a key downtown block in Delaware, Ohio, on the main block of Sandusky Street. A large public parking lot is located behind the building, with plentiful street parking available at the front.
The building is currently vacant and offers a straightforward mix of retail space and multiple office configurations across three levels.
Key Highlights
- Vacant multi‑level commercial building on Sandusky Street in downtown Delaware, OH.
- First‑floor retail area with hardwood floors, updated metal ceilings, accents, and trims—suited for restaurant, retail, or event use.
- Multiple office spaces for lease: four large offices on the second floor and six additional offices on the third floor.
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 | $105.0k | $5.76 |
| − Vacancy | −$3.8k | −$0.21 |
| EGI | $101.2k | $5.55 |
| − OpEx | −$30.4k | −$1.67 |
| NOI | $70.9k | $3.89 |
18,229 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.21M
$2.81M – $3.74M
NOI $224,435 @ 7.0% cap · market cap 9.76%
Second Best
Retail
$1.01M
$885.9K – $1.18M
NOI $70,868 @ 7.0% cap · market cap 3.08%
Theoretical Best
Warehouse
$3.67M
$3.21M – $4.29M
NOI $257,186 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Office units
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 43015, OH
57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant downtown building with renovated retail on the first floor and multiple office spaces on upper levels.
Where is this retail space located?
The property is located at 17 N Sandusky St Delaware, OH.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Vacant multi‑level commercial building on Sandusky Street in downtown Delaware, OH.; First‑floor retail area with hardwood floors, updated metal ceilings, accents, and trims—suited for restaurant, retail, or event use.; Multiple office spaces for lease: four large offices on the second floor and six additional offices on the third floor.
