1550 Lewis Center Road, Lewis Center, OH 43035 (MLS# 225043256)

1550 Lewis Center Road, Lewis Center, OH 43035

$1,235,000

Front of building with parking off of Lewis Center Rd

West side of building with patio for Whit's guests

Suite D - Studio Rental - View from kitchen

Suite D - Studio Rental - Full bathroom w/ washer/dryer

Suite E - CHOP Hair Salon - Subleased space

Suite J - Lewis Center Barbershop - Front office

Suite J - Lewis Center Barbershop - Guest waiting area

Suite J - Lewis Center Barbershop - Rear storage room

Suite J - Lewis Center Barbershop - Half bathroom

Farmers Insurance 1st floor conference room

Building's front entrance leads to owner's suite and kitchen

Property Type: Commercial Square Footage: 7,325 Lot Size (sq. ft.): 17,424 Status: Active

Current Price: $1,235,000 List Date: 11/17/2025 Last Modified: 9/11/2026

Overview

Description

Historical building located in the heart of Lewis Center! This 7,325sqft mixed-use commercial building is situated on a prime .403-acre lot with 150ft of frontage along Lewis Center Rd. 10 of 11 units currently leased to long-term tenants. 2nd floor office ready to owner-occupy or further rent out. This investment opportunity offers a competitive cap rate and strong in-place income. The property is currently 91% occupied and will generate a projected Net Operating Income (NOI) of $86,488 in 2026. With an asking price of $1,295,000, the asset is priced at $177/SF, providing investors with a solid return (6.7% cap rate) in a prime location. Development in the area includes: Evan's Farm -- a sprawling, unique community which will include 2,200 single-family homes on 1,250 acres along with commercial development along Lewis Center Rd. Jennings Sports Park -- a 56-acre park featuring multi-sport fields with synthetic turf and lights, heated batting cages, and a multi-level pavi ... (Read more)

Listing Details MLS# 225043256

Location Property Info

Original List Price: 1295000
Property Sub Type: Mixed Use
Street #: 1550
Street Name: Lewis Center
Street Suffix: Road
County: Delaware
State: OH
Zip Code: 43035
Township: Orange

OfficeContract Info

MLS Entry Date: 2025-11-17

General Property Info

Total SqFt Available: 7325
Bldg Sq Ft: 7325
Max Cont Sqft Avail: 7325
Minimum Sqft Avail: 7325
# of Docks: 30
# of Floors Above Gr: 2
Total Parking: 30
Year Built: 1850
Use Code: 471 - DWELLING CONVERTED TO RETAIL
Acreage: 0.4

Tax Info

Parcel #: 318-213-07-002-000
Mult Parcels/Sch Dis: No
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 7221

Financials

Financials ForYearOf: 2025
Gross Rental Income: 131172.42

Auction Info

Auction/Online Bidding Y/N: No

More Information

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: Building Insurance; Janitorial; Repairs; RE Taxes T Reimburses L: Utilities T Contracts Directly: Janitorial; Repairs Heat Fuel: Gas Heat Type: Forced Air Water Source: Public Sewer: Private Sewer Services Available: Electricity Available; Natural Gas Available; Water Available Business Type: Financial; Professional/Office; Residential; Retail New Financing: Conventional; Other MLS Primary PhotoSrc: Realtor Provided

Documents

Upcoming Roof Repair ›

2026 Expenses & Income ›

2026 Monthly Rent Roll ›

Listing Office: EXP Realty, LLC

Listing Agent: Matthew Hance

Last Updated: September - 11 - 2026

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