101 N Sandusky Ave 5 Unit Apartment Building $380,476 CAD ($76,095 CAD/Unit) 10.15% Cap Rate Bucyrus, OH 44820

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.