518 JACKSON ST Saint Marys OH 45885-2173

Historic Mixed-Use Property for Sale in St. Marys, OH – Endless Possibilities

Unlock the potential of this expansive 7,800 sq. ft. historic mixed-use building in the heart of St. Marys, Ohio, a vibrant community nestled along the shores of Grand Lake St. Marys. This versatile property, steeped in charm and character, offers a unique opportunity for investors, entrepreneurs, or developers looking to capitalize on its prime location, diverse income streams, and redevelopment potential. Situated in a welcoming town known for its rich history, thriving local businesses, and proximity to major employers like Rheinmetall, this property is a gateway to endless possibilities.

Property Highlights:

• Spacious & Historic Main Building: Approximately 7,800 sq. ft. of flexible space, currently operating as a beloved antique store, ideal for a variety of retail or commercial ventures such as a bakery, salon, restaurant, brewery, insurance office, bed & breakfast, coffee house, speakeasy, or event center/wedding venue.

• Income-Producing Apartments: Two studio apartments at the back of the main building provide immediate rental income, perfect for tenants or live-work arrangements.

• Additional Rental Income: A charming small house with a durable metal roof at the back of the property is currently rented, contributing to the property’s cash flow.

• Under-Market Rents: Generating $2,750/month in rental income, with room to increase revenue due to below-market rates.

• Redevelopment Potential: Zoned for multiple uses, this property is primed for transformation into a gas station, convenience store, event center, or other creative ventures, capitalizing on St. Marys’ growing economy and tourist traffic.

• Prime Location: Located in St. Marys, a community known for its proximity to Grand Lake St. Marys, a popular destination for boating, fishing, and outdoor recreation, drawing both locals and tourists year-round. Easy access to US-33 connects to nearby Lima and Wapakoneta, enhancing visibility and accessibility.

• Ample Space for Customization: With its large footprint and historic charm, the property offers flexibility for reconfiguration to suit a wide range of business models or mixed-use developments.

Whether you’re looking to continue its current use, reimagine the space for a new retail or hospitality venture, or pursue a larger redevelopment project, this property offers unmatched potential in a growing market. St. Marys’ small-town charm, combined with its proximity to major employers and recreational attractions, makes this an ideal investment for those seeking both immediate income and long-term growth.

• Large historic mixed-use building with many possibilities (apprx 7,800 sf)
• Main building currently used as an antique store
• Two studio apartments at back of main building
• Small house with metal roof at back of property (currently rented)
• Redevelopment opportunity, gas station, convenience store, event center/ wedding venue
• Perfect for any retail establishment – bakery, salon, restaurant, brewery, insurance office, bed & breakfast, coffee house, speakeasy
• Currently under market rents totalling $1,850/month