Modern Commercial
39 Middle Street Galena, OH 43021
For Sale
$650,000
SINGLE_FAMILY - Galena, OH
Property Size1,642 SF
Lot Size0.16 Acres
Price / SF$395.86
Days on Market166
Property Features for 39 Middle Street
General Information
Property type
Residential
Property subtype
Retail
Parking
6
Standard status
Active
APN
417-434-02-004-000
Size
1,642 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4265
Building Details
Year built
2019
Floors in Building
2
Listing Agency:
RE/MAX Impact
(614) 523-1000
Listed By:
Lorri Hughes Pritchard · License #395863
(614) 747-3710
Added: Feb 11
Changed: Jul 27
Last Checked: Jul 27 at 2:06PM
MLS# 226003963
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.
Built in 2019, this commercial building offers a loft that overlooks the main floor with laminate flooring, along with a spacious bathroom. The walkout basement includes glass French doors and a layered stone wall, creating flexible space that can be adapted to a variety of business uses.
The property is located on the Galena square and sits next door to the U.S. Post Office. Zoning supports a wide range of future possibilities, including commercial, office, retail, and/or mixed-use.
With its modern build and distinctive interior features—including the main-floor loft view and basement access—this property is positioned for an owner-operator or business tailored to the space as configured today.
The property is located on the Galena square and sits next door to the U.S. Post Office. Zoning supports a wide range of future possibilities, including commercial, office, retail, and/or mixed-use.
With its modern build and distinctive interior features—including the main-floor loft view and basement access—this property is positioned for an owner-operator or business tailored to the space as configured today.
Key Highlights
- Built in 2019: Modern construction and updated features.
- Prime Location: Situated on the Galena square, next to the US Post Office.
- Flexible Zoning: Suitable for commercial, office, retail, or mixed‑use development.
Financial Insights For Office B
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 | $35.5k | $21.60 |
| − Vacancy | −$8.5k | −$5.18 |
| EGI | $27.0k | $16.42 |
| − OpEx | −$6.7k | −$4.10 |
| NOI | $20.2k | $12.31 |
1,642 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$288.8K
$252.7K – $336.9K
NOI $20,216 @ 7.0% cap · market cap 3.11%
Second Best
Retail
$91.2K
$79.8K – $106.4K
NOI $6,384 @ 7.0% cap · market cap 0.98%
Theoretical Best
Warehouse
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 2019, this commercial building features a loft overlooking a laminate-floored main level and a walkout basement with glass French doors.
Where is this storefront property located?
The property is located at 39 Middle Street Galena, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2019: Modern construction and updated features.; Prime Location: Situated on the Galena square, next to the US Post Office.; Flexible Zoning: Suitable for commercial, office, retail, or mixed‑use development.
