Brief and clear: This is how the layout of this property presents itself in numbers.

“Property description and features”

Representative residential and commercial building with character

This striking residential and commercial building is located in a very central location directly on Probstzella's market square. The property consists of a long-term leased commercial unit on the ground and lower floors (approximately 200 sq m), as well as several residential units on the upper floors (approximately 162 sq m) and the attic (approximately 149 sq m).
The building was originally constructed in solid construction and features a characteristic façade design with sandstone elements on the window surrounds and cornices, clinker brick surfaces in the base area, and plastered and partially slate-clad gable and courtyard areas – a stylistically distinctive appearance with a regional reference.
In 1992, a comprehensive renovation was carried out, including replacing or repairing the electrical system, plumbing, all windows, the roof, and the heating system. The well-maintained condition testifies to regular maintenance by the owners' association.
In 2022, parts of the roof were replaced, and in 2023, the municipal utility company installed a modern gas boiler as part of a district heating contract. A satellite system is available. Adequate public parking is available along the street; no parking spaces or garages are assigned to the property itself.

The commercial space extends over the ground floor and parts of the basement and includes a service area, a separate consulting room, and a functional back office. Thanks to the large window front, the unit is bright and well-visible – ideal for customer traffic.
The residential units above are accessible via a bright staircase with natural stone steps and a metal railing. The apartments' floor plans offer modern layouts with separate kitchens, bathrooms, and several bedrooms – ideal for both families and couples. Two self-contained units were created on the top floor.
The basement contains storage rooms and cellar compartments with wooden slatted doors. The rear courtyard is accessible via a driveway and offers seating, garbage disposal areas, and a mailbox system.
Particularly attractive for investors: The existing leases – including an index-linked commercial and residential lease with an established bank – ensure stable income with long-term appreciation potential. The mix of residential and commercial use, the central location, and the solid building structure offer a sustainable foundation for permanently secure returns.
The current tenant structure consists of a long-standing residential use and the commercial anchor tenant on the ground floor. The lease with the bank has been in place for many years and was recently indexed to reflect price developments – an important basis for inflation-proof returns. The apartments are fully leased; the residents are characterized by a quiet, stable tenancy.
For investors focused on sustainable asset quality, the property offers a stable foundation with attractive rental returns thanks to its solid construction, long-term tenant loyalty, and established location in the town center. The location's development prospects—not least its transport links, regional development, and the resurgent rural housing sector—make this property a valuable investment in a manageable market segment with potential for development.
Of particular note is the clear structural separation between commercial and residential units. This creates long-term flexibility – for example, with regard to the conversion, division, or resale of individual units as part of strategic decisions. The property offers further long-term potential – for example, through selective modernizations in the residential units, the addition of digital metering technology, or the evaluation of energy-efficient upgrades (e.g., photovoltaics on the roof). This makes the property suitable not only as a stable investment but also for forward-looking investors.
The property is primarily managed by the owner himself, with the support of a cost-effective, locally based property management company that handles organizational tasks, tenant communication, and minor maintenance. This enables efficient management while keeping operating costs low.

The combination of a central location, a well-thought-out mix of uses, and a well-maintained condition makes this property an attractive investment with stable return potential.

“Location, surroundings and leisure activities”

The property is centrally located directly on the market square of Probstzella – a charming town with good infrastructure and direct rail connections to Saalfeld and Lichtenfels. The surrounding area is characterized by well-maintained, small-town development with restaurants and local amenities in the immediate vicinity. The location is ideal for investors focusing on existing residential and commercial properties.

Probstzella is picturesquely situated in the valley of the Loquitz, a tributary of the Saale River, and is surrounded by the wooded slopes of the Thuringian Slate Mountains/Upper Saale Nature Park. The community has a population of around 3,000 and offers a high quality of life – close to nature yet well-connected. The town is particularly known for the House of the People – an architecturally outstanding example of the New Building style from the 1920s, which today serves as a hotel, event venue, and monument to Bauhaus architecture. The historic train station, with its function as a border station during the division of Germany, also lends the town a special historical significance.

A primary school, daycare centers, medical care, as well as supermarkets and small specialty shops are available locally. The rail connection provides regular connections to Saalfeld, Sonneberg, and Lichtenfels – an attractive option for commuters as well. Numerous hiking trails, the wild and romantic Loquitz Valley, and excursion destinations such as the Saalfeld Fairy Grottoes and Lauenstein Castle are easily accessible, offering local recreation right on your doorstep.


Probstzella combines history, nature, and practical infrastructure – a location with stable value for investors and owner-occupiers alike.