Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1040 S Wayne St Saint Marys, OH 45885

    View on Map
    Sponsored
    For Sale
    $200,000

    COMMERCIAL - Cape Cod - Saint Marys, OH

    Property size:
    2,558 SF
    Lot size:
    1.05 Acres
    Days on Market:
    28
    Last Refresh:
    Mar 14 at 6:06 pm

    Property Features for 1040 S Wayne St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room
    APN
    K3205100100
    Interior features
    Ceiling Fan(s), No Window Coverings
    Basement
    Block, Partial, Crawl Space
    Appliances
    Built-In Electric Oven, Cooktop, Electric Water Heater, Microwave, Range, Refrigerator
    Size
    2,558 SF
    Lot size
    1.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Space Heater
    Cooling system
    Central Air, Wall Unit(s)

    Building Details

    Year built
    1911
    Building materials
    Aluminum Siding, Vinyl Siding
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Brandi Wagner
    Brandi Wagner

    Century 21 Master Key Realty (419) 586-2313

    Listing agent Brandi Wagner (419) 586-2313

    Listing date Feb 14, 2026

    MLS# 1042951

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant and Bar Opportunity

    This is an opportunity to own and operate an establishment currently known as The Wayne St. Bar & Grill, a full-service restaurant. The sale includes the building, licenses (D-1 Beer, D-2 Wine, D-3 Liquor 1am), land, equipment, and inventory. The equipment includes an outside cooler, inside walk-in cooler, stoves, ovens, and fryers. The property is located in Saint Marys, OH. The building has 2558 square feet of space and sits on a 1.05-acre lot. The second story is currently used for storage but could be converted into a serving area or game room. It includes a shower, bathroom, and bedroom, suitable for an owner/operator/occupant, with an outside entrance and window unit air conditioning. The first floor has two new air/heat wall units installed in November 2019, along with an older GFA system. Recent updates include new booths and flooring.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    J-Bird's Lounge at Varsity Lanes, Wayne Street bar and grill

    Location Insight

    • Map
    • Local Demand
    City
    Saint Marys
    County
    Auglaize
    State
    Ohio
    Longitude
    -84.389471
    Latitude
    40.531482

    Nearby Similar for Sale

    • $250,000
      7,644 SF

      Versatile Commercial Property in Saint Marys

      7,600+ sq ft commercial property suitable for various ventures.
      510 Clinton St, Saint Marys, OH 45885
      View Details
    • $275,000
      8,000 SF

      Fitness Center and Tanning Facility

      Fitness and tanning facility with equipment and recent remodeling.
      1280 Indiana Ave, Saint Marys, OH 45885
      View Details
    • $250,000
      4,264 SF

      Former Bank Building in Downtown

      Former Chase Bank building in the heart of downtown.
      125 W Spring St, Saint Marys, OH 45885
      View Details
    • $250,000
      3,131 SF

      Historic Georgian Home For Sale

      Iconic St. Marys property with historic charm and modern updates.
      405 E Spring St, Saint Marys, OH 45885
      View Details
    • $295,000
      2,838 SF

      Saint Marys Church For Sale

      Beautiful church property in Saint Marys, Ohio, ideal for redevelopment.
      500 E High St, Saint Marys, OH 45885
      View Details
    • $249,900
      7,730 SF

      Unique Mixed-Use Property, Saint Marys

      Unique mixed-use property with original woodwork and parking lot.
      518 Jackson St, Saint Marys, OH 45885
      View Details
    • $150,000
      3,012 SF

      Historic Mixed-Use Property in Ohio

      Unique 3012 SF property with income potential in Saint Marys.
      134 N Front St, Saint Marys, OH 45885
      View Details
    • Contact for pricing
      10,640 SF

      New Dollar General NNN Lease

      New construction Dollar General Market store with long-term NNN lease.
      1435 E Spring St, St Marys, OH 45885
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Fully equipped restaurant and bar with licenses included for sale.
    Where is this bar & pub located?
    The property is located at 1040 S Wayne St Saint Marys, OH.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Full-service restaurant with D-1 Beer, D-2 Wine, and D-3 Liquor licenses (1 am).; - Sale includes building, land, equipment, and inventory.; - Fully equipped kitchen featuring outside cooler, inside walk-in cooler, stoves, ovens, and fryers.
    (419) 586-2313
    Request Owner's contact information
    1040 S Wayne St Saint Marys, OH 45885
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1040 S Wayne St
    Saint Marys, OH 45885
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 S Wayne St Saint Marys, OH 45885
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brandi Wagner
    Brandi Wagner
    Real Estate License ID: BRKP2015003550
    (419) 586-2313 (419) 305-1186
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!