Property profile

17 N Sandusky St Delaware, OH 43015

FOR SALE
Retail space
Property ID
US66-5855592
12,720 SF 0.25 ac lot Built 1920
Entity Owned 8-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional three-story, 18,229 square foot mixed-use building is situated on a prime downtown Delaware, Ohio location at 17 N Sandusky St. Built in 1850 and extensively renovated in 2021, the property boasts stunning features including metal ceilings, accents, and trims, complemented by beautiful hardwood floors throughout. The first floor offers ideal retail space, perfect for a restaurant, shop, or event venue, with convenient access to a large public parking lot located directly behind the building, and ample street parking in front. The second floor comprises a spacious, high-ceilinged room suitable for events or office use, along with four additional large offices, leasable individually or as a suite. The third floor features six more offices available for lease. Recent upgrades include new windows, refinished bathrooms, and a completely new heating and cooling system. This unique multi-level building presents a rare opportunity for an owner-operator to establish their business or for an investor to lease to multiple tenants. Its central location in downtown Delaware, within walking distance of Ohio Wesleyan College, ensures high visibility and accessibility. The 0.25-acre lot (APN: 519-432-25-033-000) offers excellent walkability and strong potential for mixed-use development or redevelopment. The asking price is $2,300,000 ($126.17/sq ft). The property is currently vacant.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 12,720 SF
Lot 0.25 ac (10,803 SF)
APN 519-432-25-033-000
UPID US66-5855592

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator

Location

17 N Sandusky St Delaware, OH 43015
Delaware metro Census 10100 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$760k
Comparable Approach Comparable
$927k
Blend (final) Blend
$260k

Owner & transaction history

since 2017
4 recorded transactions
2019
Price N/A
2017
$475,000
2007
$350,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.3M +20.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message