413 Bank Street, Lodi, OH 44254 For Sale

Positioned along Bank Street, this 0.2557-acre commercial property offers a versatile opportunity for investors, entrepreneurs, or owner-users seeking both functionality and upside. The site features two separate structures, allowing for flexible use and multiple income streams. The main building consists of a 1,072 SF retail/office building (former ice cream stand) ideal for a food-service concept or retail/office conversion. In 2025, the property saw key improvements, including a new roof and furnace, reducing near-term capital needs. While the building currently does not have active power, electric service is available, along with city water and sewer, providing a strong foundation for future occupancy. Also included is an 800 SF three-door garage, currently leased to a longstanding tenant at $300/month, delivering immediate in-place income with potential for future upside. Additional Opportunity: An adjacent parcel is also available for purchase, featuring a five-unit income-producing multifamily property on 0.2379 acres. This creates a rare opportunity to combine commercial and residential assets for increased cash flow and long-term value. With its recent improvements, utility access, and income potential, 413 Bank St. presents a compelling value-add opportunity with both immediate revenue and future redevelopment potential.