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Investment Highlights

  • U.S. Postal Service tenant in place with renewal option through 2027
  • Rear shop and workspace offer flexibility for business or storage use
  • Upper-level apartment provides residential rental potential
  • Block construction and updated heating system support long-term operation

Executive Summary

Exceptional investment opportunity with multiple income streams and outstanding flexibility! This well-maintained multi-use commercial property features several rental units, including a long-term tenant occupied by the U.S. Postal Service with a five-year renewal option already in place, providing stable income. An additional commercial unit is leased to a local community office, while another garage bay with an overhead door is currently rented on a month-to-month basis. The property also includes a spacious upstairs apartment offering an abundance of living space. The apartment features a huge living room, an eat-in kitchen, one bedroom, a large full bathroom, washer and dryer hookups, and extensive storage throughout, making it ideal for owner occupancy or additional rental income. A large garage/storage area is currently utilized by the owner for personal storage, offering the potential for additional income or business use. Recent exterior painting enhances the property's curb appeal, while the updated hot water heating system provides efficient comfort throughout the building. Whether you're looking to expand your investment portfolio or occupy part of the property while generating rental income, this versatile commercial property offers excellent cash flow potential and long-term value.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,704 SF
Building Class
C
Year Built
1940
Price
$139,390 CAD
Price Per SF
$51.55 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.09 AC
Parking
4 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
84’ on Hickory Ln
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
I36-2-111-15-02-01-11200
Land Assessment
$1,877 CAD
Improvements Assessment
$24,630 CAD
Total Assessment
$26,508 CAD
  • Listing ID: 41576389

  • Date on Market: 2026-08-06

  • Last Updated:

  • Address: 105 W Cross St, Palestine, OH 45352

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