518 Jackson St - Loft/Creative Space FOR SALE


Saint Marys, OH 45885
$249,900 USD
937-307-0178
518 Jackson St, Saint Marys, OH for Sale
$249,900 USD
Loft/Creative Space - FOR SALE
1/2
null | Request Cap Rate

518 Jackson St
Saint Marys, OH 45885


HIGHLIGHTS

  • Large historic building, many possibilities
  • Two studio apartments at back of main building and a small house with metal roof currently used as residential rentals
  • Redevelopment opportunity, gas station, convenience store, event center/wedding venue
  • Perfect for any retail establishment – bakery, salon, restaurant, brewery, insurance office, bed & breakfast, coffee house, speakeasy

OVERVIEW

Unlock the potential of this expansive 7,800 sq. ft. historic mixed-use building in the heart of St. Marys, Ohio, a vibrant community nestled along the shores of Grand Lake St. Marys. This versatile property, steeped in charm and character, offers a unique opportunity for investors, entrepreneurs, or developers looking to capitalize on its prime location, diverse income streams, and redevelopment potential. Situated in a welcoming town known for its rich history, thriving local businesses, and proximity to major employers like Rheinmetall, this property is a gateway to endless possibilities. Property Highlights: Spacious & Historic Main Building: Approximately 7,800 sq. ft. of flexible space, currently operating as a beloved antique store, ideal for a variety of retail or commercial ventures such as a bakery, salon, restaurant, brewery, insurance office, bed & breakfast, coffee house, speakeasy, or event center/wedding venue. Income-Producing Apartments: Two studio apartments at the back of the main building provide immediate rental income, perfect for tenants or live-work arrangements. Additional Rental Income: A charming small house with a durable metal roof at the back of the property is currently rented, contributing to the property’s cash flow. Under-Market Rents: Generating $1,850/month in rental income, with room to increase revenue due to below-market rates. Redevelopment Potential: Zoned for multiple uses, this property is primed for transformation into a gas station, convenience store, event center, or other creative ventures, capitalizing on St. Marys’ growing economy and tourist traffic. Prime Location: Located in St. Marys, a community known for its proximity to Grand Lake St. Marys, a popular destination for boating, fishing, and outdoor recreation, drawing both locals and tourists year-round. Easy access to US-33 connects to nearby Lima and Wapakoneta, enhancing visibility and accessibility. Ample Space for Customization: With its large footprint and historic charm, the property offers flexibility for reconfiguration to suit a wide range of business models or mixed-use developments. Whether you’re looking to continue its current use, reimagine the space for a new retail or hospitality venture, or pursue a larger redevelopment project, this property offers unmatched potential in a growing market. St. Marys’ small-town charm, combined with its proximity to major employers and recreational attractions, makes this an ideal investment for those seeking both immediate income and long-term growth.

FOR SALE DETAILS

PRICE

$249,900 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,700 SF

ZONING

C4 Neighborhood Commerc

APN/PARCEL ID

K32-045-023-00

ASK ABOUT THIS PROPERTY

Carmen OsenbaughIrongate RealtorsMore Info
937-307-0178

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Carmen OsenbaughIrongate RealtorsMore Info
937-307-0178

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