Are You Looking for Bank Buildings for Sale?

Bank Buildings for SaleDowntown Willoughby is famous as the location of the historic US Bank building. The spectacular building is now available for sale. If you are looking for bank buildings for sale, this one is a property that you should consider.

The exact location of the building is 4084-4098 Erie St.

Built in 1901, the building has 18 apartments, a wine bar, restaurant, a bank, and jeweler. The office space there is something to talk about.

The present owner of this iconic building, Jim Danford, sees the building as a “labor of love”.

Danford and his brother, Robert, bought the property back in 1983. Since then, they have been preserving this historic structure’s elements.

“I loved the property from the day I saw it,” said Danford when asked about his feeling about the building. Obviously, there are many bank buildings for sale; but only a few can be a match for this.

The bank building boasts historic architectural properties like glass cabinetry, milled woodwork bay windows, old steam radiators, and original claw foot bathtubs.

It has been 37 years since the brothers purchased this real estate gem. Now they want to retire, and so, listed the property for sale at $2.6 million.

Local councilman Christopher W. Woodin believes that the whole process will bring a positive change in the city.

“If someone is willing to come into the city and spend $2.6 million on a historical building, we can only expect to see great things,” he said.

The building has the opportunity to be turned into an inn, upon buying. And many in the area think that would be something ideal.

According to a resident, turning it into an apartment complex would be problematic, as the establishment will be affected by noises from nearby bars. So, making it an Inn will be the best thing to do.

Making it an Inn will attract visitors from outside the community and allow them to spend a few days there, he added.

About the Author

Dwaine L. Clarke is the Founder and President of GCT Net Lease. GCT Net Lease is an investment real estate services firm exclusively focusing on Single and Mult-Tenant Net Lease Properties. The firm provides a full range of brokerage and advisory services nationwide to High Net worth Investors, Developers, REITs and Institutional Investment Funds. GCT Net Lease is headquartered in Windsor Connecticut.

Dwaine is also a nationally recognized speaker and consultant. He is also the author of three best selling commercial real estate investing books. Mr. Clarke’s experience branches through close to over a decade of working with and for some of the nation’s top investors to purchase, underwrite, develop and manage millions of dollars in commercial investment real estate. For his case, he has not only assisted these investors, but also became a student of theirs. Through careful analysis he started to understand what these investment experts were doing, using top strategies to buy, manage and sell their investment properties for maximum profit. He especially took note of how these investors were leveraging their time and how they made their decisions without interfering with their personal or business lives. Mr. Clarke is also active in investing and creating real estate partnerships, providing a vehicle for high net-worth individuals to own income producing real estate.

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