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Historic Building in Downtown Delaware
For Sale
$499,950

45 Lake St, Delaware, OH 43015

10,000 SF historic building suitable for office or residential use.

Property Size10,000 SF
Lot Size0.31 Acres
Price / SF$49
Days on Market206

Property Features for 45 Lake St

General Information

Standard status Active
Size 10,000 SF
Lot size 0.31 Acres
Property subtype Office or Residential Adaptive Rehab

Building Details

Year Built 1862
Listing Agency:
Listed By: Dan Sheeran
Source: Ohioequities
Added: Jan 27 Changed: Jul 6 Last Checked: Aug 21 at 4:52AM

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 Dan Sheeran

Investment Insights

Based on property information with market context.

This is a 10,000 square foot historic building situated on approximately 0.31 acres in downtown Delaware. Originally constructed in the 1860s, the timber and frame building features two stories and a partial lower level, along with tall ceilings. The property is zoned Community Business District (B-3), making it suitable for adaptive reuse for office or possible residential purposes. Some mechanical and structural updates have been completed, and new restrooms have been installed. A walk-out lower level provides access to the large rear parking lot. The property's location at the corner of Lake Street (US-42) and E. Winter Street in downtown Delaware, just east of the main commercial corridor of Sandusky Street, offers convenient access to US-23, US-36, OH-37, and I-71. Possible historic tax credits may be available.

Key Highlights

  • 10,000 SF HISTORIC BUILDING in downtown Delaware, ideal for adaptive reuse as office or residential space.
  • Zoned Community Business District (B‑3), offering flexible usage options.
  • WALK‑OUT LOWER LEVEL to a large rear parking lot, providing convenient access and parking.

Property Analytics

Current Use

Foust Engineering Inc Engineer

Suggested Use

Top Pick Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Cafe & Coffee Shop

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

1,028
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 10,000 SF historic building suitable for office or residential use.
Where is this office building located?
The property is located at 45 Lake St Delaware, OH.
What is the asking price?
The asking price for this property is $499,950.
What are key features of this property?
This property features: 10,000 SF HISTORIC BUILDING in downtown Delaware, ideal for adaptive reuse as office or residential space.; Zoned Community Business District (B‑3), offering flexible usage options.; WALK‑OUT LOWER LEVEL to a large rear parking lot, providing convenient access and parking.
More about this property
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