Mixed-Use Distillery and
For Sale
$299,000
134 Harding Way W, Galion, OH 44833
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 Market149
Property Features for 134 Harding Way W
General Information
Standard status
Active
Size
4,204 SF
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,865
Listing Agency:
Wilson Family Realty Corp
(419) 528-5500
Listed By:
Valerie Loyer
(419) 632-0572
Source:
Exprealty
Added: Jun 4
Changed: Oct 25
Last Checked: Oct 28 at 3:19PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$26,359
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,180
$527.2K
Cap Rate 7%
$376,557
$376.6K
Cap Rate 9%
$292,878
$292.9K
Market Conditions
NOI Build-Up for 4,204 SF
Gross rent
$50.4K $12.00/SF
− Vacancy
−$2.5K −$0.60/SF
EGI
$47.9K $11.40/SF
− OpEx
−$21.6K −$5.13/SF
NOI
$26.4K $6.27/SF
Area
Crawford County, OH
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,180
Cap Rate 7%
$376,557
Cap Rate 9%
$292,878
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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 44833, OH
16,786
Population
8,278
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
90.4 sq mi
ZIP Area
186
Density / Sq Mi
$57,234
Median Household Income
$39,535
Median Earnings
$772
Median Rent
$127,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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
