237 2nd St Delphos, OH 45833-1604
This exceptional commercial retail property at 237 W 2nd Street, Delphos, OH, presents a compelling investment opportunity. Situated on a corner lot in a high-traffic area, this property boasts excellent visibility and convenient access for customers. Its prime location is proximate to the Public Library, local schools, and the downtown area, ensuring consistent foot traffic and potential customer base. The building itself offers a long history of successful tenancy, with additional rental income potential from upstairs space. A significant advantage is the inclusion of two parcels: one encompassing the building and the other a substantial parking lot. This ample parking, combined with street parking, sets this property apart from competitors. The seller affirms that the building is compliant with Ohio building codes, and all necessary state permits were obtained during past remodeling. This turnkey opportunity is ideal for a savvy investor seeking a strong return or a business owner looking to expand their operations. The sale includes the building and land only
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Celebrations Party Supply Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.