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    421 Madison Ave Russells Point, OH

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    For Sale
    $499,000

    2,550 sq ft property in high-traffic area near Indian Lake.

    Property size:
    2,550 SF
    Lot size:
    0.64 Acres

    Property Features for 421 Madison Ave

    General Information

    Size
    2,550 SF
    Lot size
    0.64 Acres

    Source: Howard Hanna Real Estate | Groveport Agent Jennifer Simpson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant with Drive-Through

    This commercial property, formerly a restaurant with a drive-through, is available for sale. The 2,550 sq ft property is located in a high-traffic area in Indian Lake. The property includes two restrooms, a walk-in freezer, and a walk-in cooler. It is situated on four parcels and features a large parking lot with easy access due to a nearby traffic light. The property is within walking distance of a new hotel and conference center and is located steps from Indian Lake. The property is suitable for a restaurant, coffee shop, or retail space.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Russells Point
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1540659
    Latitude
    39.6801641

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    FAQs

    What type of property is this?
    Drive through restaurant - 2,550 sq ft property in high-traffic area near Indian Lake.
    Where is this drive through restaurant located?
    The property is located at 421 Madison Ave Russells Point, OH.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - High-traffic location in Indian Lake with excellent visibility.; - Includes a drive-through, walk-in freezer, and walk-in cooler.; - Large parking lot with easy access via a traffic light.
    (937) 441-4469
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    Realmo Value Estimation

    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.

    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.

    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
    421 Madison Ave Russells Point, OH
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