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Industrial/Flex Building on 3.43 Acres
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203 Reed St, Spencer, OH

Industrial/flex building on 3.43 acres with expansion potential.

Lot Size3.45 Acres
Days on Market299

Property Features for 203 Reed St

General Information

Standard status Active
Lot size 3.45 Acres
Property subtype INDUSTRIAL
Listing Agency: Hoff & Leigh
Listed By: Cole Kroneker · License #SAL.2024000334
Source: Moodyscre
Added: Oct 7, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:41AM

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 Hoff & Leigh

Investment Insights

Based on property information with market context.

This industrial/flex building, totaling 10,032 square feet, is situated on 3.43 acres in Medina County. The property features an office/warehouse mix, four drive-in doors, central HVAC, and public utilities. Zoned Industrial, it offers both privacy and convenient access off OH-301, south of Rt. 162, providing quick connections to Medina, Lodi, and Wellington. The property is suitable for contractors, service businesses, manufacturers, or investors seeking versatility and long-term growth. It offers space for expansion or additional development. Ideal uses include contractors and tradesmen needing a shop, yard, and office in one location; light manufacturing with ample power and layout flexibility; and auto or service shops requiring drive-in access and storage space. The property presents an opportunity for investors and developers seeking income today with land for future development.

Key Highlights

  • 10,032 SF building on 3.43 acres offers income potential and future growth.
  • Zoned Industrial with space for expansion or additional development.
  • Four drive‑in doors provide easy access for various business types.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Repair Shop Storage Facility Garden Center Barber Shop Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby
Well-served
Demand for This Use

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial/flex building on 3.43 acres with expansion potential.
Where is this flex space located?
The property is located at 203 Reed St Spencer, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 10,032 SF building on 3.43 acres offers income potential and future growth.; Zoned Industrial with space for expansion or additional development.; Four drive‑in doors provide easy access for various business types.
(216) 302-4338 Call to check price and availability
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