Ice Cream Restaurant with
1044 E Spring Street, Saint Marys, OH 45885
For Sale
New
$475,000
Commercial Sale, Saint Marys, OH
Property Size1,176 SF
Price / SF$403.91
Days on Market5
Property Features for 1044 E Spring Street
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Directions
Standard status
APN
Size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Additional Structures
Listing Agency:
Binkley Real Estate- Wapakoneta
(419) 738-3232
Listed By:
Jeremy Huebner
(567) 204-5590
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 312161
Copyright © 2026 West Central Association 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.
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Investment Insights
Based on property information with market context.
This 1,176-square-foot restaurant property in Saint Marys is associated with Two Scoops Ice Cream. The sale includes the real estate, equipment, furnishings, fixtures, and inventory. Built in 1999, the building has block and stucco construction, forced-air natural gas heat, and central air conditioning.
At 1044 E Spring Street, the property has a parking lot and connections to public water and sewer. Commercial zoning is listed for the site.
At 1044 E Spring Street, the property has a parking lot and connections to public water and sewer. Commercial zoning is listed for the site.
Key Highlights
- 1,176‑square‑foot restaurant property
- Sale includes equipment, furnishings, fixtures, and inventory
- Built in 1999 with block and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,320
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,400
$306.4K
Cap Rate 7%
$218,857
$218.9K
Cap Rate 9%
$170,222
$170.2K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$21.2K $18.00/SF
− Vacancy
−$741 −$0.63/SF
EGI
$20.4K $17.37/SF
− OpEx
−$5.1K −$4.34/SF
NOI
$15.3K $13.03/SF
Area
Auglaize County, OH
Vacancy
3.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,400
Cap Rate 7%
$218,857
Cap Rate 9%
$170,222
Alternative Uses
Best Use
Specialty Retail
$218.9K
$191.5K – $255.3K
NOI $15,320 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.9K
$207.3K – $276.4K
NOI $16,581 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45885, OH
12,863
Population
5,734
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
95%
High-School Grad
72.4 sq mi
ZIP Area
178
Density / Sq Mi
$75,054
Median Household Income
$43,812
Median Earnings
$882
Median Rent
$153,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering combines the real estate with furnishings, fixtures, equipment, and inventory.
Where is this conventional restaurant located?
The property is located at 1044 E Spring Street Saint Marys, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,176‑square‑foot restaurant property; Sale includes equipment, furnishings, fixtures, and inventory; Built in 1999 with block and stucco construction
