FOR SALE $1,250,000 8.75% CAP · HER Commercial Real Estate Services –7625 Paragon Rd. Suite E....

HER Commercial Real Estate Services – 7625 Paragon Rd. Suite E. Dayton, OH 45459

$1,250,000 8.75% CAPFOR SALE

305 N. Walnut St., Yellow Springs, OH 45387

Features

David Nianouris

Commercial & Investment Real Estate Specialist

[email protected]

herrealtors.com/david.nianouris

937-431-6489

937-431-3561 Fax

- 11 structures,

totaling approx.

*49,000 sq ft

- Cap Rate 8.75%

- 4 Acres located

along bike path

- Almost fully

occupied, 7 tenants

- Zoning Light

Industry

- Located in Greene

County*Information obtained from

owner

COMMERCIAL INVESTMENT

MILLWORKS BUSINESS CENTER

Industrial and Office Complex

mailto:[email protected]


Property Description

PROPERTY DESCRIPTION

The MillWorks Business Center complex consists of

11 structures, each ranging from 1500-6800 square

feet, totaling approximately *49,000 square feet. The

property situates on 4.1544 acres, which includes a 1

acre lot (with structure) available for development.

This property has over 570 feet of bike path frontage.

This historically runs at near full occupancy housing

7 diverse tenants. Light Industry permits artist

studios, offices, production, warehouse, brewery,

distillery, and research & development.

LOCATION DESCRIPTION

The MillWorks Business Center is located in the

quaint village of Yellow Springs, OH. Addresses

include: 303 N. Walnut Street and 185 Yellow

Springs Fairfield Road.

*Information obtained from owner


267

259

H

I

J

K

G FE

D

AB

C

Building Index


Property Details

PROPERTY NAME: MillWorks Business Center

SALE PRICE: $1,250,000

PROPERTY ADDRESS: 303 N. Walnut St /

185 Yellow Springs Fairfield Rd

Yellow Springs, OH 45387

ZONING: Light Industry

BUILDING SIZES: 1000 (J), 2520 (K), 3200 (E), 3335 (D),

4177 (B), 4757 (H), 5012 (F), 6000 (I),

6077 (C), 6161 (A), 6776 (G) (sq ft)

See Building Index

ACRES: 4.1544 (4 parcels)

PARKING SPACES: Potential of up to 100 (partly paved,

mostly gravel)

YEAR BUILT/REHABBED: 1900, 1952, 1966/Recent

ROOF: Metal standing seam, asphalt shingle, build up

ELECTRICAL: Single & 3 phase, heavy power

(see individual building descriptions)

CONSTRUCTION: Metal, cement block, and post beam


Property Details

UTILITIES: Electric, natural gas, water and sewer

FIRE SUPPRESSION: None

COMMON BATHS: Yes, Men’s & Women’s in Building A

ENVIRONMENTAL: Phase I and II completed with

remediation in 1991

SPECIAL FEATURES:

- 2 points of access from North Walnut Street and Yellow

Springs Fairfield Road

-Situated along the Little Miami Bike Trail with over 570’ of

frontage

-This is 1 of only 3 small industrial sites in Yellow Springs

NOTES: To receive the full financial details, a signed Confidentiality

Agreement will be needed. Please fax to 937-433-3561 or email to

[email protected].

mailto:[email protected]


History of Yellow Springs and MillWorks

The village of Yellow Springs was founded in 1825 by William Mills and

approximately 100 families. It takes its name from a natural spring located in the

nearby Glen Helen Nature Preserve which is rich in iron ore, leaving a yellowish-

orange coloring on the rocks. The village drew many people as they hoped the spring

water would cure them of various ailments. It was also known as a resort town for

people to escape from city life and to enjoy the beauty of nature. The beautiful 752 acre

John Bryan State Park is just one of the many draws to the area. Yellow Springs was

incorporated in 1856. Antioch College, another local attraction was founded in 1852

by the Christian Connection.

The MillWorks property began as a canning factory in the 1890s. In 1936, the

property was purchased by DeWine & Hamma Feeds & Seed Co. and it became the

DeWine Seeds’ complex. The current owners purchased the property in 1991 where it

has since been known as the MillWorks Business Center. It offers affordable office,

light industrial, and artisan space with ample parking in a village that has few such

spaces.


Zoning Map

There is a limited market in Yellow Springs for

industrial use.


Additional Photos – S and G Artisan Distillery

S&G Tasting Room

Bottling Room Area & Office


Additional Photos – Michael Jones Ceramics


Additional Photos – Yellow Springs Brewery


Additional Photos - EnviroFlight


Additional Photos


Additional Photos - Miscellaneous

Parking Loading Docks

Extra 1 acre lot S&G Tasting Room and Still Shop


Additional Photos - Miscellaneous


Regional Map


Location Maps


Demographics Report – Greene County

https://www.census.gov/quickfacts/fact/table/greenecountyohio/

FOR SALE $1,250,000 8.75% CAP · HER Commercial Real Estate Services –7625 Paragon Rd. Suite E....

Documents

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