104 W Madison St - Retail FOR SALE


Gibsonburg, OH 43431
$499,900 USD
419-333-8326
104 W Madison St, Gibsonburg, OH for Sale
$499,900 USD
Retail - FOR SALE
1/17
null | Request Cap Rate

104 W Madison St
Gibsonburg, OH 43431


OVERVIEW

The PRIDE OF GIBSONBURG continues with YOU! Family owned and operated for 103 years, Kirwen's Grocery Store is the hub of activity in the heart of downtown Gibsonburg and is ready for a new owner. All buildings (6 parcels) and business fixtures are included in the sale. Food/product inventory not included, to be purchased separately. This is a turn key operation that is near-and-dear to all of the locals. The sale includes a C2 liquor license (beer and wine only, no Sunday sales), subject to any required government approvals. Current owner also offers Lottery sales, new owner would need to apply to continue if desired. Grocery store has 6 aisles of shelving and/or refrigeration units, 3 check-out lanes, fresh meat preparation station, deli display cases, deli order prep area, storage room, office, large deli prep kitchen, 28'x9' walk-in refrigerator/freezer space, break room, all LED lighting, and 2 bathrooms. Store has entrance at corner of State Routes 300 & 600 as well as an entrance off of parking lot behind the building. Upper level of buildings contains 3 apartments, all currently rented. Electric and gas separate for all units, water/sewer/garbage included in rent. Additional area in upper level has office size spaces as well as large storage spaces. Recent updates to Grocery store features new flooring (2022), kitchen venting updated in 2025 and new heat exchangers in both furnaces in 2024. All showings to be during business hours: Monday-Saturday 8a-8p, Sunday 9a-5p Listing Agent to accompany showings. One apartment will be available at showings, others will be made available if there is further interest from your client. Financials will be made available to qualified, interested clients. Confidentiality agreement will need to be signed and agreed to before financials released.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kirwen's Super Market

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

27-50-00-0608-00,27-50-00-0609-00,27-50-00-0610-00,27-50-00-0611-00,27-50-00-0612-00,27-50-00-0613-00

ASK ABOUT THIS PROPERTY

Jamie RitchieWendt Key Team RealtyMore Info
419-333-8326

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Jamie RitchieWendt Key Team RealtyMore Info
419-333-8326

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