116 Auglaize StWapakoneta, OH 45895

Property Details for 116 Auglaize St

Year built

1950

Lot size

1.47 AC

Property size (Sq ft)

17,192 SF

Property type

Retail space

APN

B07-002-057-00

APU

B0700205700

Description

This exceptional retail property, known as the Wapakoneta Shoppes, presents a prime opportunity for businesses seeking a high-visibility location in the heart of downtown Wapakoneta, Ohio. Situated at 116 E Auglaize St, 45895, this single-story shopping center boasts a total of 16,819 square feet, offering flexible space options. Currently, there is significant vacant space available, ranging from 3,000 to 11,540 square feet, ideal for a variety of retail uses. The property sits on a 1.4-acre lot and provides ample parking with 60 spaces. The Wapakoneta Shoppes benefits from its strategic location in a thriving community of nearly 10,000 residents, experiencing rapid growth in west central Ohio. Its position at the intersection of I-75 and US 33 ensures excellent accessibility and high traffic volume. This is one of the largest retail spaces in Wapakoneta's central business district, offering unparalleled exposure and potential for significant return on investment. The property is easily accessible and offers a strong foundation for a successful retail venture. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $4,849,357

  6.5%

  $4,476,330

  7%

  $4,156,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $853,046

  Geo Method

  $853,046

• Alternative Use

  Use

  Valuation

  Residential

  $3,775,952

  Hospitality

  $3,458,751

  Educational

  $2,877,640

  Medical

  $2,976,607

  Retail

  $4,476,330

Location Insight

City

Wapakoneta

County

Auglaize

State

Ohio

Latitude

40.5712

Longitude

-84.1918

CBSA code

47540

CBSA name

WAPAKONETA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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