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Three-Level Mixed-Use Property
For Sale
$799,900

28 S Franklin Street, Delaware, OH 43015

Multi-Family, Delaware, OH

Property SizeContact for details
Lot Size0.48 Acres
Days on Market152

Property Features for 28 S Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking 20
Elementary school district DELAWARE CSD 2103 DEL CO.
Middle school district DELAWARE CSD 2103 DEL CO.
High school district DELAWARE CSD 2103 DEL CO.
Standard status Active
APN 519-433-02-018-000
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9503

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1946
Number of units 12
Listing Agency: RE/MAX Allegiance · RE/MAX International
Listed By: Edward A Cashman · License #2014005212
Added: Mar 23 Changed: Aug 21 Last Checked: Aug 21 at 9:06AM
MLS# 226008602

Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 28 S Franklin Street in Delaware, Ohio, this three-level mixed-use building sits on a 0.48-acre parcel. Demolition has begun, creating a partially cleared structure for continued redevelopment or conversion. The original concept contemplated four units per floor, or 12 units total, while the property information also identifies mixed-use retail, office, and residential conversion as possible directions.

The property is one block from the intersection of Sandusky and William Streets and within walking distance of Ohio Wesleyan University, downtown shopping, dining, and other downtown amenities. Public water and public sewer serve the site. Built in 1946, the building offers an existing urban property framework for a new mixed-use plan.

Key Highlights

  • Three‑level mixed‑use building on a 0.48‑acre parcel
  • Demolition has already begun
  • Original concept contemplated 4 units per floor, 12 units total

Property Analytics

Current Use

Elisit Media Media Distribution

Suggested Use

Top Pick Dental Office Furniture & Home Goods Daycare Center Cafe & Coffee Shop Carpet & Flooring Store 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

1,205
Businesses Nearby

Demographics for 43015, OH

57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Partially demolished building with public water and sewer, positioned in Delaware’s walkable downtown district.
Where is this mixed-use property located?
The property is located at 28 S Franklin Street Delaware, OH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑level mixed‑use building on a 0.48‑acre parcel; Demolition has already begun; Original concept contemplated 4 units per floor, 12 units total
More about this property
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