112 W MAIN ST, DESHLER, OH 43516 For Sale

Cash-Flowing 3-Story Building with Strong Income & Significant Upside Potential

Presenting an exceptional mixed-use opportunity in the heart of downtown Deshler, Ohio. This three-story building is already generating solid cash flow from its occupied residential units, while offering substantial value-add potential through expansion and repositioning.

Property Highlights

• Two Main-Level Storefronts – Ideal for retail, restaurant, office, or service users. These can remain separate or be easily combined into a single larger space to suit a larger tenant.
• Potential Third Storefront – Additional storage area at the back of one unit can be converted into a third retail space with direct alley access.
• Second Floor – Four currently occupied, cash-flowing rental apartments. Construction is partially complete and ready to add 2–3 additional units, or converted into professional office space.
• Third Floor – Ideal for 2 additional residential rental units or flexible office leasing.
• New Roof (2023) – Major capital expenditure already completed.
• All-Electric Apartments – Lower maintenance and attractive to tenants.
• Excellent Access – Easy alley access with two roll-up doors at the rear for deliveries, storage, or additional functionality.

Investment Opportunity

This is a cash-flowing asset with immediate income from the existing four residential units. Buyers can continue the value-add program by renting out the 2- 3 storefronts on the main level and either finishing the additional residential units for higher rental income or reposition parts of the building for office use to meet local demand. The mixed-use configuration provides multiple revenue streams and flexibility for future market conditions.

Total Existing Income-Producing Units: 4 residential apartments. Expansion Potential: 2 commercial storefronts (with potential for a third), up to 6–7 residential units total.

Location

Located in downtown Deshler (Henry County), this property sits in a stable small-town market with convenient access to major routes. Deshler offers a tight-knit community atmosphere with steady demand for both retail services and quality rental housing. The building benefits from high visibility and foot traffic typical of a traditional Main Street location.

Whether you are an investor looking for a performing asset with built-in upside, a developer ready to complete the residential conversion, or an owner-user seeking flexible commercial space, this property delivers immediate returns and long-term potential.