201 Reed Street Spencer, OH ^$ 770,000

201 Reed Street

^$ 770,000

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201 Reed Street

Spencer, OH, 44275

^$ 770,000

Studio Baths0.0 Sq 10,032

Monthly Estimate*

^$ 5,379

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Studio

Commercial Property for sale in Spencer, OH

for $770,000. This 10,032 square foot building was built in 1966 on a lot size of 3.43.

Multiunit buildings, totally full on large parcel of land. Land can be filled out with many storage units, flex space for additional rental income. Currently they are all full and bring in approximately 4500+ a month rent. The true value in this property is the additional acres to develop for mini storage units, flex space and can be developed for many different uses -all commercial.

Commercial Active

Price

^$ 770,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,230

Style

Lot Size

3.43

Year Built

1966

Town/City

Spencer

County/Region

Medina

MLS | Web ID

4451586

Features

General

Sewer PublicSewer

Heating ForcedAir Propane

Cooling CentralAir

Possession DeliveryOfDeed

Roof Asphalt Fiberglass

Year Built 1966

Property SubType Industrial

Additional Parcels Description 037-27A-05-079

County Medina

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Building Features PrivateRestrooms

Other Structures Barns

Status Active

Directions 301 South Of 162-west On Forest

City Spencer

Buyer Agent Compensation 3/2

View Y/N N

Senior Community Y/N N

High School District Black River LSD - 5201

Waterfront Y/N N

Carport Y/N N

Street Name Reed

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 1230.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 306

Standard Status Active

Middle/Junior School District Black River LSD - 5201

Elementary School District Black River LSD - 5201

Property Sub Type Additional Industrial

Exterior

Parking Features Driveway Unpaved

Water Source Public

Lot Size Area 3.43

Number of Buildings 0

Spa N

Building Area Total 10032.0

Lot Dimensions 0

Lot Size Acres 3.43

Lot Size Units Acres

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 10032.0

Street Suffix Street

Electric On Property Y/N N

Main Level Bathrooms 0

Above Grade Finished Area Source Realist

Internal Only

Street Number 1 201

* Excluded Features

List By

Roger L Nair

Listing Agent

Keller Williams Elevate

Broker

rnairair@aol.com

Affordability Calculator

$5,481

Per Month

Monthly Principal & Interest: $5,379
Monthly Property Taxes: $103
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Spencer, OH

Average List Price ^$770,000

Percent of Sale Price 0%

About Spencer, OH

664 Population

11% Since 2002

^$58,419 Median Income

40.41 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4458766 Elementary School

4458952 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
7/7/2023	$770,000	-2.53%	Price Down
4/21/2023	$790,000		Listed Price

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201 Reed Street, Spencer, OH, 44275 is a Commercial Property for sale at $770,000 with 10,032 sqft and a lot size of 3.43. 201 Reed Street is a studio with 0.0 baths and was built in 1966. The property's zip code is 44275 which is in Spencer, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the YES MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the YES MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/16/2024.

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201 Reed Street

Commercial Property for sale in Spencer, OH

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