41 N Sandusky Street, Delaware, OH 43015 (MLS# 221003334)

41 N Sandusky Street, Delaware, OH 43015

$1,350,000

Property Type: Commercial Square Footage: 17,945 Lot Size (sq. ft.): 4,356 Status: Closed

Current Price: $1,350,000 List Date: 2/02/2023 Last Modified: 2/11/2025

Description

[Property to be sold with 3-5 West Winter Street.] This beautiful 1924 four-story building offers many remodeled sections completed as recently as 2012. This property offers approximately 17,945 sq. ft. plus an additional 3,000 sq. ft. in the finished lower level area with separate side access to West Winter Street. The elevator is fully functioning. The front portion of this building is leased to First Commonwealth Bank, while a law firm occupies part of the 3rd floor, creating effectively monthly rent at $6,200 per month. A true cap rate cannot be calculated as the Delaware General Health District's (the owner) occupies most of the building as office space. ** The buildings next door (3-5 West Winter) are being sold with this property, and the additional parking spaces in the rear.

Supplements: ********

More Information MLS# 221003334

Location & Property Info

List Price/SqFt: 100.31 City (Mailing Addr): Delaware Corp LimitPerAuditor: Delaware

Office/Contract Info

For Sale: Yes Exchange: No For Lease: No Lease Rate $/Sq Ft: 0

General Property Info

Total SqFt Available: 17945 Bldg Sq Ft: 17945 Max Cont Sqft Avail: 13970 Minimum Sqft Avail: 13970 Total Parking: 7 # of Docks: 0 Lot Size (Side): 106 # of Floors Above Gr: 4 Year Built: 1914 Acreage: 0.1

Tax Info

Addl Parcel Numbers: (TP# 519-432-25-001-000, 519-432-25-002-000, 519-432-25-005-000, and 519-432-25-006-000) Tax Abatement: No Taxes (Yrly): 17696 Parcel #: 519-432-25-001-000 Tax Year: 2019

Remarks & Misc

Property Description: [Property to be sold with 3-5 West Winter Street.] This beautiful 1924 four-story building offers many remodeled sections completed as recently as 2012. This property offers approximately 17,945 sq. ft. plus an additional 3,000 sq. ft. in the finished lower level area with separate side access to West Winter Street. The elevator is fully functioning. The front portion of this building is leased to First Commonwealth Bank, while a law firm occupies part of the 3rd floor, creating effectively monthly rent at $6,200 per month. A true cap rate cannot be calculated as the Delaware General Health District's (the owner) occupies most of the building as office space. ** The buildings next door (3-5 West Winter) are being sold with this property, and the additional parking spaces in the rear.

Status Change Info

Sold Price/SqFt: 75.23 Under Contract Date: 2023-01-26 Sold Date: 2023-03-29 Sold Price: $1,350,000

Income/Expenses

Gross Income: 75474.96 Net Operating Income: 51413 Total Expenses: 24061.96

Addl Acceptance Cond

None Known: 1

Expenses Paid by L

All: 1

T Reimburses L

Curr Yr Est $/SF TRL: 0

Construction

Block: 1

Heat Fuel

Gas: 1

Services Available

Natural Gas Available: 1

Heat Type

Forced Air: 1 Other: 1

Auction Info

Auction/Online Bidding Y/N: No

Sprinkler

None: 1

Business Type

Financial: 1 Professional/Office: 1 Retail: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 2700000 Sold Price: $1,350,000 Property Sub Type: Mixed Use Street #: 41 Street PreDirection: N Street Name: Sandusky Street Suffix: Street County: Delaware State: OH Zip Code: 43015 Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2021-02-04

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: All Heat Fuel: Gas Heat Type: Forced Air; Other Services Available: Natural Gas Available Construction: Block Sprinkler: None Business Type: Financial; Professional/Office; Retail MLS Primary PhotoSrc: Realtor Provided

Listing Office: EXP Realty, LLC

Listing Agent: Sara L Walsh

Last Updated: February - 11 - 2025

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