Retail Space - For Sale
221 Summit Street Celina, OH 45822
Details & Description
Price: $2,500,000
  • 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
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.    
Property Highlights
Listing Agents
Joe Nazar
Gilbert Group Retail Real Esta
O: 614-228-2222
M: 614-674-5523
jnazar@gilbertgrouprealestate.com
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.

221 Summit Street

Celina, OH 45822

Listing ID: 237611
$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 Celina, OH 45822 | for Sale | Photo 1
  • 221 Summit Street Celina, OH 45822 | for Sale | Photo 2
221 Summit Street | for Sale | Thumbnail 1
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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Celina Area Market Trends

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 Population4,29013,00917,472
Population Median Age384041
Population by Age0-9 Yrs567 (13%)1481 (11%)1924 (11%)
10-19 Yrs707 (16%)1823 (14%)2436 (13%)
20-29 Yrs528 (12%)1735 (13%)2141 (12%)
30-39 Yrs432 (10%)1345 (10%)1832 (10%)
40-49 Yrs412 (9%)1579 (12%)2117 (12%)
50-59 Yrs703 (16%)1834 (14%)2470 (14%)
60-69 Yrs558 (13%)1663 (12%)2465 (14%)
70+ Yrs384 (8%)1549 (11%)2085 (11%)
Median HH Income$47,877$49,352$53,711
Total Household Income< 24K289 (16%)1043 (18%)1298 (17%)
25-49K639 (36%)1834 (32%)2255 (29%)
50-74K407 (23%)1427 (25%)1878 (24%)
75-99K70 (3%)483 (8%)854 (11%)
100-199K311 (17%)809 (14%)1191 (15%)
200K+36 (2%)77 (1%)149 (1%)
Highest Education LevelNo Diploma1918851106
Diploma or GED126137785105
Some College54517582414
Assoc. Degree2717451096
Bachelors Degree1957881201
Higher Degree2847721038
Total Housing Units1,9336,6679,116
--Owner-Occupied1,1673,5505,120
--Renter-Occupied5852,1222,506
Owner-Occupied Values< 100K41914101823
100-199K52413281955
200-299K176557854
300-399K47205324
400-499K12371
500K+12793
Total Working Age Population3,28110,46014,112
In Work Force2,1286,7799,359
Not In Work Force1,1533,6814,754
Workforce Employed2,1056,5929,042
Workforce Unemployed23187317
Civlian Workforce2,1286,7799,359
Military Workforce000
Total Households1,7525,6727,625
Family Households1,0893,5294,884
Non-Family Households6632,1442,741
Married Couple7302,4453,556
Other Family3591,0841,328
Married w/Child2307511,102
Single Male w/Child110247299
Single Female w/Child116411487

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Ohio11,353,140+211,536,504011,574,870011,615,100
Mercer County40,924040,814+141,040041,230

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

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Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
Fort Wayne International Airport (FWA) 44
James M Cox Dayton International Airport (DAY) 49
Toledo Express Airport (TOL) 81
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