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101 N Sandusky Ave 5 Unit Apartment Building $275,000 ($55,000/Unit) 10.15% Cap Rate Bucyrus, OH 44820
Investment Highlights
- Fully leased ground-floor retail providing consistent income of $2,325 per month.
- Two upper floors available for redevelopment or additional revenue generation.
- Positioned near major routes for convenient regional access and connectivity.
- Tenant pays all operating expenses on a long-term lease, reducing landlord risk.
- High-visibility location in downtown Bucyrus close to businesses and services.
Executive Summary
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.
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.
Property Facts
| Price | $275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $55,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 10.15% | Building Size | 9,120 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | $275,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| Cap Rate | 10.15% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 9,120 SF |
| No. Stories | 3 |
| Year Built | 1900 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $61,750 | |
| Land Assessment | $4,190 | Total Assessment | $65,940 |
Property Taxes
Parcel Numbers
Land Assessment
$4,190
Improvements Assessment
$61,750
Total Assessment
$65,940
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101 N Sandusky Ave