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Property Description

Welcome to a rare opportunity to own a landmark property in the heart of Sandusky. Formerly known as the iconic Wagner Palace, this unique mixed-use investment features 4 commercial storefronts, 3 spacious residential apartments, and an additional lot zoned for local business.The commercial level includes four storefronts, two occupied by long-term tenants. Three commercial units have updated furnaces, with two also featuring central air and newer hot water tanks. Upstairs, all three apartments are occupied by long-term tenants and have been updated over the past decade with remodeled kitchens, appliances, newer furnaces, central air, hot water tanks, select replacement windows, and individual laundry. Each apartment has its own HVAC system, hot water tank, and laundry. A beautiful new roof was completed in 2025.The property generates approximately $96,600 in gross annual income with estimated operating expenses of $16,100, resulting in an impressive Net Operating Income of approximately $80,500 per year.Includes 801, 806, 823 & 904 Hayes Ave. and 901 & 903 Columbus Ave., Sandusky, OH. A rare opportunity to own one of Sandusky’s most recognizable investment properties offering multiple income streams, long-term tenants, commercial frontage, residential units, and outstanding future potential.

Features
Waterfront:
No
Address Map
Country:
US
County:
Erie
City:
Sandusky
Zipcode:
44870
Street:
Hayes
Street Number:
801
Street Suffix:
Avenue
Longitude:
E0° 0' 0''
Latitude:
N0° 0' 0''
MLS Addon
Office Name:
Berkshire Hathaway HomeServices Pro. - Sandusky
Agent Name:
Jeffrey S Smith
Property Subtype 1:
5-15 Units
Listing Agent MLS ID:
JSSMITH
Listing Office MLS ID:
1705
Parcel ID:
5705051000
Area:
N/A
School System:
Sandusky

Multiple Units For Sale

801 Hayes Avenue, Sandusky, 44870

13,468 Sqft
$749,900
Listing ID #20262055
Basic Details
Property Type :
Multiple Units
Listing Type :
For Sale
Listing ID :
20262055
Price :
$749,900
Square Footage :
13,468 Sqft
Year Built :
1930
Lot Area :
6,098 Sqft
Status :
Active
Agent info
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