101 N Sandusky Ave - Apartments FOR SALE


Bucyrus, OH 44820
$275,000 USD
614-378-2347
101 N Sandusky Ave, Bucyrus, OH for Sale
$275,000 USD
Apartments - FOR SALE
1/7
null | 10.15% Cap Rate

101 N Sandusky Ave
Bucyrus, OH 44820


HIGHLIGHTS

  • Fully leased ground-floor retail providing consistent income of $2,325 per month.
  • Tenant pays all operating expenses on a long-term lease, reducing landlord risk.
  • Two upper floors available for redevelopment or additional revenue generation.
  • High-visibility location in downtown Bucyrus close to businesses and services.
  • Positioned near major routes for convenient regional access and connectivity.

OVERVIEW

This mixed-use investment property offers significant income potential and future upside in the heart of downtown Bucyrus, Ohio. With an asking price of $275,000, the asset includes a main-level retail space currently leased to Cashland for the next five years, producing a stable rental income of $2,325 per month. The tenant is responsible for its operating expenses, providing a steady net operating income of $27,900 annually and a cap rate of approximately 10.15%. The building comprises three stories with a total area of about 9,120 square feet. While the ground floor generates immediate revenue, the two upper levels present an opportunity for a value-add investor to renovate and repurpose for offices, residential units, or creative workspace. Additional amenities, flexible layout potential, and a centralized location enhance its appeal for future tenants or owner-occupants. The property is located just steps from local shops, restaurants, and key services, benefiting from downtown Bucyrus’ walkability and accessibility. Proximity to State Routes 4 and 98 ensures excellent regional connectivity, supporting long-term demand for retail and mixed-use space in this submarket.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$30 USD /SF

# OF UNITS

5

PRICE/UNIT

$55,000

CAP RATE

10.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

08-0016495.000,08-0016496.000

ASK ABOUT THIS PROPERTY

Michael LernerAdvocate Real Estate, LLCMore Info
614-378-2347

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Michael LernerAdvocate Real Estate, LLCMore Info
614-378-2347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.