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Executive Summary
1600 Sheridan Drive | Lancaster, Ohio Built in 1972, this former bank, most recently used as a medical facility, offers exceptional flexibility for a wide range of future uses. With approximately 2,669 square feet on the main level plus 800 square feet of finished lower-level space, this property provides functional square footage for office, medical, retail, institutional, or service-oriented users. The building retains its original drive-in window, opening the door to banking, pharmacy, food service, or other customer-facing operations. The lower level includes finished space along with additional utility rooms, adding storage and operational flexibility. Major mechanical updates include heating and cooling systems installed circa 2018 and a new sump pump in 2025, helping reduce near-term capital expenses. The site features approximately 20 dedicated parking spaces, a significant advantage for medical or professional use. Ideally located near a retail shopping corridor along Sheridan Drive and within close proximity to Fairfield County offices, this property benefits from steady traffic and a growing Lancaster market. Suitable for: medical, office, retail, school, church, or other adaptive reuse opportunities. Bottom line: If you're looking for a well-located, adaptable commercial building with solid infrastructure and parking, 1600 Sheridan Drive deserves a closer look.
Agent to Agent Remarks
Please send all offers to Joe Jackson rjoe@kw.com and Rachel Alley rachel@millenniumregroup.com Seller would appreciate a deposit of 1% within 3 days of acceptance. Please include a recent lender letter of pre-qualification or proof of funds with offer.
Agent to Agent Remarks
Please send all offers to Joe Jackson rjoe@kw.com and Rachel Alley rachel@millenniumregroup.com Seller would appreciate a deposit of 1% within 3 days of acceptance. Please include a recent lender letter of pre-qualification or proof of funds with offer.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,469 SF
Building Class
C
Year Built
1972
Price
$475,000
Price Per SF
$136.93
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,469 SF
Building FAR
0.11
Lot Size
0.72 AC
Zoning
CG - Zoning info in documents
Parking
16 Spaces (4.21 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 05-34202-700 | Total Assessment | $154,330 (2025) |
| Land Assessment | $32,930 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $121,400 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
05-34202-700
Land Assessment
$32,930 (2025)
Improvements Assessment
$121,400 (2025)
Total Assessment
$154,330 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1600 Sheridan Dr
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