Mixed-Use Property with Medical
For Sale
$199,900
2539 Hayes Ave, Fremont, OH 43420
A configured practice space is paired with an upstairs apartment, attached garage, and on-site parking.
Property Size672 SF
Lot Size1.00 Acre
Price / SF$297.47
Days on Market13
Property Features for 2539 Hayes Ave
General Information
Standard status
Active
Size
672 SF
Lot size
1.00 Acre
Zoning
General Business
Space & Availability
Floor
Main Level
Furnished
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,878
Listing Agency:
Wendt Key Team Realty
(419) 333-8326
Listed By:
Cheryl Wendt · License #0700337883
(419) 355-7387
Source:
Exprealty
Added: Sep 23
Changed: Sep 29
Last Checked: Oct 4 at 6:40PM
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 Wendt Key Team Realty
Investment Insights
Based on property information with market context.
The property combines a medical-office layout with a separate apartment above. The approximately 1,563-square-foot main level includes reception, a kitchen area, three exam rooms, two half bathrooms, a file room, and a private office. A ramp provides accessible entry, while a partial basement adds storage. Furniture and equipment are included, and the office and apartment have separate furnace and air-conditioning systems. An attached garage provides covered access and additional storage.
The site at 2539 Hayes Ave in Fremont, Ohio, spans approximately 1 acre with 132 feet of frontage. A blacktop lot provides approximately 6–8 spaces in front and approximately 20 more behind the building. The property is served by a private well and county sewer and is zoned General Business.
The site at 2539 Hayes Ave in Fremont, Ohio, spans approximately 1 acre with 132 feet of frontage. A blacktop lot provides approximately 6–8 spaces in front and approximately 20 more behind the building. The property is served by a private well and county sewer and is zoned General Business.
Key Highlights
- General Business zoning
- Approximately 1,563‑square‑foot office with reception, three exam rooms, private office, and support areas
- Approximately 672‑square‑foot apartment above the office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,653
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,060
$133.1K
Cap Rate 7%
$95,043
$95.0K
Cap Rate 9%
$73,922
$73.9K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$12.1K $18.00/SF
− Vacancy
−$1.5K −$2.16/SF
EGI
$10.6K $15.84/SF
− OpEx
−$4.0K −$5.94/SF
NOI
$6.7K $9.90/SF
Area
Sandusky County, OH
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,060
Cap Rate 7%
$95,043
Cap Rate 9%
$73,922
Alternative Uses
Best Use
Mixed Use
$95.0K
$83.2K – $110.9K
NOI $6,653 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$92.8K
$81.2K – $108.3K
NOI $6,496 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$126.8K
$111.0K – $148.0K
NOI $8,877 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 43420, OH
29,332
Population
13,876
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
94%
High-School Grad
136.3 sq mi
ZIP Area
215
Density / Sq Mi
$62,802
Median Household Income
$39,779
Median Earnings
$824
Median Rent
$142,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A configured practice space is paired with an upstairs apartment, attached garage, and on-site parking.
Where is this mixed-use property located?
The property is located at 2539 Hayes Ave Fremont, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: General Business zoning; Approximately 1,563‑square‑foot office with reception, three exam rooms, private office, and support areas; Approximately 672‑square‑foot apartment above the office
