Towne Square Arts and Business - LoopNet...Towne Square Arts and Business $350,000 Solid masonry...

Towne Square Arts and Business125 S Main St, Fostoria, OH 44830

Allan MeyetteIlink Real Estate Co.LLC517 Mettabrook Dr,Swanton, OH 43558allanmeyette@gmail.com(419) 367-2486

Price: $350,000

Property Type: Office

Property Sub-type: Loft/Creative Space

Building Class: C

Sale Type: Investment

Cap Rate: 6.29%

Lot Size: 0.13 AC

Rentable Building Area: 26,648 SF

Rentable Building Area: 26,648 SF

No. Stories: 4

Year Built: 1932

Tenancy: Multiple

Zoning Description: Commercial

APN / Parcel ID: P51030947080000

Walk Score ®: 64 (Somewhat Walkable)

Towne Square Arts andBusiness$350,000

Solid masonry brick and marble with terrazzo floors,marble in entrance and bank lobby. Full service 5 floorelevator. New four 400 AMP services one for each floor.HVAC 1999 all rooms have forced air over hot/coldwater most efficient comfort for all tenants. Coolingsystem two 30 ton compressors with 60 ton evaporatoron roof. Heating four 175,000 btu efficient boilers -usually one heats whole building. Computercontrolled....

Historical 4 story bank building solid brick and marble.Completely remodeled in 1999 with four (one 400 amp 3phase to each floor), 60 tons of AC and 7000,00 btu ofavailable high efficiency heating throughout the facilityand in every room and suite multiple air handlers forextreme comfort delivered by a closed water system.New rubber roof and HVAC. HVAC and elevator servicedregularly. There are a total...

Bank was known to have been robbed by John

Dillinger in 1934. Bank currently used as a banquethall. 10 current tenants with space for more.

Long term tenants lease on month to month basis.

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Major Tenant Information

Tenant SF Occupied Lease Expired

Fostoria Arts Council 1,200 March 2023

Hoover Law and Title 1,200 February 2022

Moseka Records 1,100 January 2025

125 S Main St, Fostoria, OH 44830

Solid masonry brick and marble with terrazzo floors, marble in entrance and bank lobby. Full service 5 floorelevator. New four 400 AMP services one for each floor. HVAC 1999 all rooms have forced air over hot/coldwater most efficient comfort for all tenants. Cooling system two 30 ton compressors with 60 ton evaporator onroof. Heating four 175,000 btu efficient boilers - usually one heats whole building. Computer controlled. 10suites fully remodeled with full occupancy. New rubber roof. HVAC and elevator all serviced working 100% Toomany offices to show in pictures. 9 bathrooms including handicapped accessible. Full basement with tiledrestrooms and kitchenette. Green space across the street. Property qualifies as a Historical Site.

Property Photos

Front door to elevator

lots of marble

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Dillinger Article

Bank entrance/marble staircase

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Bank lobby

Teller counters to the right

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4P0A3382

4P0A3384

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Safe

inside safe/500 safety deposit boxes with keys

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bank office

bank office

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historic bathroom

office rented

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office rented

music studio

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music studio

office rented

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office rented

office rented

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office rented

Photo studio lobby

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Photo studio lobby

photo studio

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second floor

third floor vacant lobby

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multiple offices available off lobby

vacant office

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vacant office

vacant office

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hallway

another music lobby

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music studio

Mechanicals

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Computerized High Efficiency Heating