Minster Commercial Property with
11003 State Route 362 Minster, OH 45865
For Sale
$447,000
Pending
COMMERCIAL - Minster, OH
Property Size4,080 SF
Lot Size1.27 Acres
Days on Market276
Property Features for 11003 State Route 362
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 35
- Basement
- Partial
- Standard status
- Pending
- APN
- 300711200004
- Size
- 4,080 SF
- Lot size
- 1.27 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Sewer type
- Public Sewer
- Heating system
- Geothermal (Heating)
- Cooling system
- Central Air
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1958
- Building materials
- Cement Siding, Vinyl Siding
Listing Agency:
Eiting Real Estate
(419) 629-2623
Listed By:
Jeffrey Bertke
(419) 629-2623
Added: Oct 25, 2025
Changed: Jun 17
Last Checked: Jul 27 at 7:06AM
MLS# 1042921
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.
Investment Insights
Based on property information with market context.
This commercial property, situated on 1.27 acres in a Recreational district, presents multiple income streams. The property includes a restaurant and bar, a small event venue suitable for catering, two separate Air BNB rental units, a seasonal bait shop, and a seasonal ice-cream and pizza shop. A major addition to the building was completed in 2005, with further renovations in 2013. The property is located directly west of the Lake Loramie Campgrounds, which features approximately 170 campsites. The restaurant, bar, ice cream shop, and bait shop equipment are included in the sale, with a detailed list to be provided prior to closing. The property is suitable for hospitality, retail, or specialty commercial ventures. The building size is 4,080 square feet. The property is located in Minster, Ohio.
Key Highlights
- Five income streams: Restaurant/bar, event venue/catering, two Air BNB units, seasonal bait shop, and seasonal ice‑cream/pizza shop.
- Located directly west of Lake Loramie Campgrounds with approximately 170 campsites, providing a built‑in customer base.
- 1.27‑acre property in a Recreational district, offering potential for further development with zoning approval.
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.9k | $18.60 |
| − Vacancy | −$14.1k | −$3.46 |
| EGI | $61.8k | $15.14 |
| − OpEx | −$32.4k | −$7.95 |
| NOI | $29.3k | $7.19 |
4,080 SF · lease $18.60/SF/yr · vacancy 18.60% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$759.3K
$664.4K – $885.9K
NOI $53,152 @ 7.0% cap · market cap 11.89%
Second Best
Hotel Hospitality
$419.2K
$366.8K – $489.0K
NOI $29,342 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$821.8K
$719.1K – $958.8K
NOI $57,527 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
FAQs
What type of property is this?
Bar & Pub - Commercial property featuring multiple income streams near Lake Loramie.
Where is this bar & pub located?
The property is located at 11003 State Route 362 Minster, OH.
What is the asking price?
The asking price for this property is $447,000.
What are key features of this property?
This property features: Five income streams: Restaurant/bar, event venue/catering, two Air BNB units, seasonal bait shop, and seasonal ice‑cream/pizza shop.; Located directly west of Lake Loramie Campgrounds with approximately 170 campsites, providing a built‑in customer base.; 1.27‑acre property in a Recreational district, offering potential for further development with zoning approval.
