Listing Agency: Ron Spencer Real Estate

Listed By: Randy Faulder · License #OH

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:54PM

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Investment Insights

Based on property information with market context.

This conventional restaurant property includes a grill operation along SR 235 and Lee Street, with off-street parking serving the site. The offering also includes a separate retail storefront at 104 S. Main Street in Alger.

The additional storefront contains apx. 1700 sq.ft., providing a second commercial component alongside the restaurant use. Together, the two locations offer restaurant and retail space within the same offering.

Key Highlights

• Grill/restaurant located along SR 235 and Lee Street
• Off‑street parking included
• Additional retail storefront at 104 S. Main Street

Property Analytics

Property Profile

Current Use

Conventional restaurants

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Demographics for 45812, OH

1,835

Population

817

Households

2.2

Avg Household Size

42

Median Age

11%

College-Educated

85%

High-School Grad

38.8 sq mi

ZIP Area

47

Density / Sq Mi

$41,230

Median Household Income

$34,006

Median Earnings

$646

Median Rent

$118,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property with off-street parking and a separate retail storefront component.

Where is this conventional restaurant located?

The property is located at 107 Lee St Alger, OH.

What are key features of this property?

This property features: Grill/restaurant located along SR 235 and Lee Street; Off‑street parking included; Additional retail storefront at 104 S. Main Street