Upgraded Retail Office
For Sale
Contact for pricing
227-229 E Harding Way, Galion, OH 44833
Upgraded downtown Galion building with an existing tenant in place and annual lease increases.
Property Size4,776 SF
Price / SF$27.20
Days on Market100
Property Features for 227-229 E Harding Way
General Information
Standard status
Active
Size
4,776 SF
Class
C
Property subtype
Office, Retail
Zoning
Commercial, Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$16,000
Building Details
Year Built
1881
Stories
3
Units
8
Tenancy
Single
Listing Agency:
The Holden Agency
Listed By:
Denise Manning · License #OH 2009003676
Source:
Crexi
Added: May 28
Changed: Aug 23
Last Checked: Aug 29 at 9:33PM
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 The Holden Agency
Investment Insights
Based on property information with market context.
This property is a downtown Galion building offering retail and office space, with a number of upgrades completed over the last few years. A rubber roof was installed about 8 years ago, contributing to the building’s overall updated condition. The current tenant is in place and owns the business operating on-site.
The building is located at 227-229 E Harding Way in Galion, Ohio, and is presented for sale with lease and income records available for review with an acceptable offer. The tenant has approximately four years remaining on the lease, and the lease includes scheduled increases built in each year.
For a buyer seeking an occupied commercial asset, this structure provides the advantage of existing tenancy and documented lease terms. The combination of retail and office space can also support a range of tenant types depending on how the buyer plans to operate or reposition the property over time. Because the lease term and rent growth details are already established, underwriting can be based on the available lease and income records provided with a qualified offer.
The building is located at 227-229 E Harding Way in Galion, Ohio, and is presented for sale with lease and income records available for review with an acceptable offer. The tenant has approximately four years remaining on the lease, and the lease includes scheduled increases built in each year.
For a buyer seeking an occupied commercial asset, this structure provides the advantage of existing tenancy and documented lease terms. The combination of retail and office space can also support a range of tenant types depending on how the buyer plans to operate or reposition the property over time. Because the lease term and rent growth details are already established, underwriting can be based on the available lease and income records provided with a qualified offer.
Key Highlights
- Downtown Galion building built in 1881
- Rubber roof installed about 8 years ago
- Existing tenant in place with approximately 4 years remaining on the lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Blossoms & Gifts — 215 S Market St, Galion, OH 44833
- The Enter Green Comapany — Galion, OH 44833
Frequently Asked Questions
What type of property is this?
Storefront property - Upgraded downtown Galion building with an existing tenant in place and annual lease increases.
Where is this storefront property located?
The property is located at 227-229 E Harding Way Galion, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Downtown Galion building built in 1881; Rubber roof installed about 8 years ago; Existing tenant in place with approximately 4 years remaining on the lease
