Retail Space / Ohio / Celina / 45822 / 221 Summit Street

221 Summit Street

Celina, OH 45822

Listing ID: 237611

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$2,500,000

For Sale

Property Type Retail for Sale : Shopping Center
Lot Size Acres 9.398
Building Sq Ft 82,964
Building Price per Sq Ft $30.13
Land Sq Ft 409,376
Land Price per Sq Ft $6.11

221 Summit Street | for Sale | Thumbnail 2

Property Highlights

• Monument signage

• 1.01-acre outparcel available for sale for $175,00

• Long term regional grocer occupied

• Upside potential through below-market rents

• Lease-up, and conversion to triple net leases

• Significantly below replacement cost

Description

The Gilbert Group has been exclusively retained by ownership to sell the 90% leased Chief's Plaza in Celina, Ohio. The subject property is 82,964 square feet and includes a 1.01-acre outparcel. The property has great visibility and plenty of parking. The asset is being offered at below replacement cost of $28.33 per square foot and shall deliver a cash-on-cash return of 14.71 percent.
Celina, Ohio is located about 58 miles northwest of Dayton, Ohio, and is situated on the Northwestern shores of Grand Lake St. Marys. Area retailers include CVS, Menards, Gordmans, Family Dollar, Walmart, and Aldi.

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Listing Demographics for 221 Summit Street Celina, OH 45822

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		4,290	13,009	17,472
Population Median Age		38	40	41
Population by Age	0-9 Yrs	567 (13%)	1481 (11%)	1924 (11%)
	10-19 Yrs	707 (16%)	1823 (14%)	2436 (13%)
	20-29 Yrs	528 (12%)	1735 (13%)	2141 (12%)
	30-39 Yrs	432 (10%)	1345 (10%)	1832 (10%)
	40-49 Yrs	412 (9%)	1579 (12%)	2117 (12%)
	50-59 Yrs	703 (16%)	1834 (14%)	2470 (14%)
	60-69 Yrs	558 (13%)	1663 (12%)	2465 (14%)
	70+ Yrs	384 (8%)	1549 (11%)	2085 (11%)

Median HH Income		$47,877	$49,352	$53,711
Total Household Income	< 24K	289 (16%)	1043 (18%)	1298 (17%)
	25-49K	639 (36%)	1834 (32%)	2255 (29%)
	50-74K	407 (23%)	1427 (25%)	1878 (24%)
	75-99K	70 (3%)	483 (8%)	854 (11%)
	100-199K	311 (17%)	809 (14%)	1191 (15%)
	200K+	36 (2%)	77 (1%)	149 (1%)

Highest Education Level	No Diploma	191	885	1106
	Diploma or GED	1261	3778	5105
	Some College	545	1758	2414
	Assoc. Degree	271	745	1096
	Bachelors Degree	195	788	1201
	Higher Degree	284	772	1038

Total Housing Units		1,933	6,667	9,116
--Owner-Occupied		1,167	3,550	5,120
--Renter-Occupied		585	2,122	2,506
Owner-Occupied Values	< 100K	419	1410	1823
	100-199K	524	1328	1955
	200-299K	176	557	854
	300-399K	47	205	324
	400-499K	1	23	71
	500K+	1	27	93

Total Working Age Population		3,281	10,460	14,112
In Work Force		2,128	6,779	9,359
Not In Work Force		1,153	3,681	4,754
Workforce Employed		2,105	6,592	9,042
Workforce Unemployed		23	187	317
Civlian Workforce		2,128	6,779	9,359
Military Workforce		0	0	0

Total Households		1,752	5,672	7,625
Family Households		1,089	3,529	4,884
Non-Family Households		663	2,144	2,741
Married Couple		730	2,445	3,556
Other Family		359	1,084	1,328
Married w/Child		230	751	1,102
Single Male w/Child		110	247	299
Single Female w/Child		116	411	487

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Ohio	11,353,140	+2	11,536,504	0	11,574,870	0	11,615,100
Mercer County	40,924	0	40,814	+1	41,040	0	41,230

Total Working Age Population:

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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