801 Hayes Ave, Sandusky, OH 44870

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.