Downtown Retail and Office
205 E Spring St Saint Marys, OH 45885
205 E Spring St, Saint Marys, OH, 45885
$139,900
For Sale
$139,900
Vacant commercial building with an open floor plan and finished basement, suited for retail or office use.
Property Size1,974 SF
Price / SF$70.87
Days on Market108
Property Features for 205 E Spring St
General Information
- Standard status
- Active
- Size
- 1,974 SF
Listing agency
Kuck Realty Inc.
(419) 394-3389
Listed by
Kurt Bubp
(419) 394-3389
Source
Exprealty
Added: Apr 6 Updated: Jul 21 at 7:56PM Checked: Jul 21 at 7:56PM
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 Kuck Realty Inc.
Investment Insights
Based on property information with market context.
This downtown commercial building is offered for sale and is currently vacant. The space features an open floor plan and a finished basement, with suitability for either retail or office applications.
The property includes a canal land lease that costs $500 per year. Only a small southwest corner of the building is on state-owned property.
The building is approximately 1,974 square feet.
The property includes a canal land lease that costs $500 per year. Only a small southwest corner of the building is on state-owned property.
The building is approximately 1,974 square feet.
Key Highlights
- Vacant commercial building in downtown St. Marys with approximately 1,974 sq. ft.
- Open floor plan, well suited for retail and office space.
- Finished basement included.
Local 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 | $11.6k | $5.88 |
| − Vacancy | −$416 | −$0.21 |
| EGI | $11.2k | $5.67 |
| − OpEx | −$3.4k | −$1.70 |
| NOI | $7.8k | $3.97 |
1,974 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Office B
$345.7K
$302.5K – $403.4K
NOI $24,201 @ 7.0% cap · market cap 17.30%
Second Best
Retail
$111.9K
$97.9K – $130.6K
NOI $7,834 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$397.6K
$347.9K – $463.9K
NOI $27,833 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kentner Matthew J
Law Firm
The Hairline
Hair Salon
Sketcherz Ink
Tattoo & Piercing Shop
Salon Muse
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Vacant commercial building with an open floor plan and finished basement, suited for retail or office use.
Where is this storefront property located?
The property is located at 205 E Spring St Saint Marys, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Vacant commercial building in downtown St. Marys with approximately 1,974 sq. ft.; Open floor plan, well suited for retail and office space.; Finished basement included.
