1521 Michigan St, Sidney, OH 45365-2450
- Manufacturing properties
- 167,000 SF
- 32.71 lot acres
Current Use by Public Records
- Reliable Castings / Industrial Manufacturer / Production Facility
Property Details for 1521 Michigan St
- Lot size
- 32.71 lot acres
- Property type
- Manufacturing properties
- APN
- 01-1835126.008
- APU
- 11835126008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 26, 2025 | $3,850,000 | Lido Sidney LLC | Reliable Castings Corporation | Deed | $2.1M · Lido Realty LLC |
| Aug 25, 2020 | — | Reliable Castings Corporation | — | Deed · related | $6M · Spectrum Commercial Services Company LLC |
| Aug 2, 2016 | — | Reliable Castings Corporation | — | Deed · related | — |
Description
This bankruptcy sale presents a unique opportunity to acquire a substantial industrial facility totaling 165,230 square feet situated on a 33.819-acre lot in Sidney, Ohio. The property boasts an excellent location with over 2,000 feet of I-75 frontage, ensuring high visibility and convenient highway access. The facility, formerly occupied by Reliable Castings, comprises five buildings constructed between 1953 and 2018, offering a mix of heavy manufacturing, machine shop, warehouse, distribution, and office space. Ceiling heights range from 13'8" to 23'9", and the property includes 14 dock-high doors and 6 loading docks. The zoning is IIM - Industry Innovation Manufacturing, allowing for diverse uses. Nineteen percent of the building area has been added since 2012, reflecting significant recent investment. The ample land provides opportunities for expansion or multi-tenant development. The property will be delivered vacant on February 1, 2025, presenting a blank canvas for a new owner/user or investor. Given the limited industrial supply in the submarket (2.3% vacancy rate, per CoStar), this is a compelling investment opportunity. The asking price is $4,900,000, translating to $29.66 per square foot and $144,889 per acre for the land. The property is offered fee simple.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,365,000
Market price range: $1.70M - $8.54M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,780,000 Current use
- WAREHOUSE, STORAGE
- $4,820,000 Change: +27% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sidney
- County
- Shelby
- State
- Ohio
- Longitude
- -84.1803
- Latitude
- 40.285
- CBSA code
- 43380
- CBSA name
- SIDNEY, OH MICROPOLITAN STATISTICAL AREA
