Mixed-Use Distillery and
134 Harding Way W Galion, OH 44833
For Sale
$299,000
Property includes an operating distillery with equipment and inventory, plus two one-bedroom, one-bath upper apartments.
Property Size4,204 SF
Price / SF$71.12
Days on Market55
Property Features for 134 Harding Way W
General Information
Standard status
Active
Size
4,204 SF
Listing Agency:
Wilson Family Realty Corp
(419) 632-0572
Listed By:
Valerie Loyer
(419) 632-0572
Source:
Exprealty
Added: Jun 4
Changed: Jul 25
Last Checked: Jul 26 at 3:26PM
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 Wilson Family Realty Corp
Investment Insights
Based on property information with market context.
This for-sale mixed-use property is currently home to Iron Vault Distillery and is being offered with the established operation, including equipment and inventory, along with the real estate. Sellers indicate the list price includes the distillery business and related assets, and they are also open to offers on the building separately.
In addition to the distillery space, the property includes two upper-level apartments. Each apartment features one bedroom and one bathroom, providing separate residential units within the same building.
Overall, the configuration combines a working distillery and two apartments under one roof, creating a compact mixed-use setup with both commercial and residential income potential.
In addition to the distillery space, the property includes two upper-level apartments. Each apartment features one bedroom and one bathroom, providing separate residential units within the same building.
Overall, the configuration combines a working distillery and two apartments under one roof, creating a compact mixed-use setup with both commercial and residential income potential.
Key Highlights
- Landmark mixed‑use commercial property in uptown Galion, currently home to Iron Vault Distillery
- List price includes the established distillery business, equipment, and inventory
- Sellers are open to offers on the building separately
Financial Insights For Apartment 5plus
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 | $50.4k | $12.00 |
| − Vacancy | −$2.5k | −$0.60 |
| EGI | $47.9k | $11.40 |
| − OpEx | −$21.6k | −$5.13 |
| NOI | $26.4k | $6.27 |
4,204 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.2K
$354.6K – $472.8K
NOI $28,366 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$376.6K
$329.5K – $439.3K
NOI $26,359 @ 7.0% cap · market cap 8.82%
Theoretical Best
Specialty Retail
$824.1K
$721.1K – $961.5K
NOI $57,689 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Property includes an operating distillery with equipment and inventory, plus two one-bedroom, one-bath upper apartments.
Where is this mixed-use property located?
The property is located at 134 Harding Way W Galion, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Landmark mixed‑use commercial property in uptown Galion, currently home to Iron Vault Distillery; List price includes the established distillery business, equipment, and inventory; Sellers are open to offers on the building separately
