Log In/Sign Up
Your email has been sent.
Investment Highlights
- Prime location in the heart of downtown Celina’s revitalization district
- High-visibility corner lot with excellent foot and vehicle traffic
- Open floor plans offer flexible configuration for a wide variety of uses-Ideal for retail, office, event space, creative studios, or mixed-use concept
- Two floors of commercial space above the established 202 Tavern – 4,500 sq. ft. on the second floor – 3,500 sq. ft. on the third floor
- Within blocks of Grand Lake St. Marys, a major regional attraction
- Owners willing to consider multiple development options- Lease options available with terms negotiable based on intended use and build-out needs
Executive Summary
Positioned in the heart of downtown Celina, this three-story historic building presents a rare opportunity for investors and established restaurant operators alike. Ideally located on a main highway with exceptional visibility and consistent traffic flow, the property is just a few blocks from Grand Lake St. Marys—a premier destination that draws both year-round residents and seasonal visitors.
The first floor is currently leased and operating as restaurant space, providing immediate, stable income. The existing layout offers a turnkey setup for continued restaurant use, making it an attractive option for operators seeking a second location, flagship presence, or a rebranded dining concept in a thriving lake community.
The upper two floors are vacant and ready for customization, offering significant value-add potential. These spaces are well-suited for a variety of uses, including residential loft apartments, short-term rentals, private dining or event space, office suites, or a fully integrated multi-level hospitality concept. The flexibility of the layout allows for multiple revenue streams and long-term appreciation.
With its prime downtown location, proximity to lake-driven traffic, and a blend of income-producing and redevelopment opportunities, this property is well-positioned for those looking to invest, expand, or establish a destination presence in the growing Celina market.
The first floor is currently leased and operating as restaurant space, providing immediate, stable income. The existing layout offers a turnkey setup for continued restaurant use, making it an attractive option for operators seeking a second location, flagship presence, or a rebranded dining concept in a thriving lake community.
The upper two floors are vacant and ready for customization, offering significant value-add potential. These spaces are well-suited for a variety of uses, including residential loft apartments, short-term rentals, private dining or event space, office suites, or a fully integrated multi-level hospitality concept. The flexibility of the layout allows for multiple revenue streams and long-term appreciation.
With its prime downtown location, proximity to lake-driven traffic, and a blend of income-producing and redevelopment opportunities, this property is well-positioned for those looking to invest, expand, or establish a destination presence in the growing Celina market.
Property Facts
Sale Type
Investment
Property Type
Building Size
15,680 SF
Building Class
B
Year Built
1876
Price
$2,200,000
Price Per SF
$140.31
Percent Leased
30%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,556 SF
Building FAR
2.40
Lot Size
0.15 AC
Zoning
B-2 - Central Business
Parking
100 Spaces (6.38 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Outdoor Seating
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-079200.0000 | Improvements Assessment | $24,590 |
| Land Assessment | $10,290 | Total Assessment | $34,880 |
Property Taxes
Parcel Number
27-079200.0000
Land Assessment
$10,290
Improvements Assessment
$24,590
Total Assessment
$34,880
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
202 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.



