Bowling Alley Building With
For Sale
$799,900
125 Main Street Huron, Huron, OH 44839
One-story commercial building with retained furniture, fixtures, equipment, and separate restaurant-side access and utilities.
Property Size16,985 SF
Price / SF$47.09
Days on Market54
Property Features for 125 Main Street Huron
General Information
Standard status
Active
Size
16,985 SF
Total Parking Spaces
70
Zoning
Commercial
Amenities
ON
Appraiser
183x198
Public
70.00
0.7520
1063696.81
No
Brick,Vinyl Siding,Wood
Building Details
Year Built
1947
Stories
1
Listing Agency:
(419) 670-7781
Listed By:
Tiffany Mather
(419) 670-7781
Source:
Quality-realty
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 4:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tiffany Mather
Investment Insights
Based on property information with market context.
This one-story commercial property includes 16,985 square feet within a building constructed in 1947. The improvements were previously used for bowling and lounge operations and include existing furniture, fixtures, and equipment. A separate entrance and separate utilities serve the restaurant side, creating distinct areas within the building. D5 and D6 liquor licenses are included.
The 0.7520-acre site occupies the northwest corner of Main Street and South Street in Huron, Ohio, with a 183x198 site configuration. Commercial zoning supports the property’s existing hospitality and entertainment profile, while the building layout may accommodate continued bowling-related use or other commercial concepts supported by the existing improvements.
The 0.7520-acre site occupies the northwest corner of Main Street and South Street in Huron, Ohio, with a 183x198 site configuration. Commercial zoning supports the property’s existing hospitality and entertainment profile, while the building layout may accommodate continued bowling-related use or other commercial concepts supported by the existing improvements.
Key Highlights
- 16,985 SF one‑story commercial building constructed in 1947
- 0.7520‑acre corner site at Main Street and South Street
- Previously operated as a bowling alley and lounge
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,137,160
$1.1M
Cap Rate 7%
$812,257
$812.3K
Cap Rate 9%
$631,756
$631.8K
Market Conditions
NOI Build-Up for 16,985 SF
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.
Gross rent
$99.5K $5.86/SF
− Vacancy
−$8.6K −$0.50/SF
EGI
$91.0K $5.36/SF
− OpEx
−$34.1K −$2.01/SF
NOI
$56.9K $3.35/SF
Area
Erie County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,137,160
Cap Rate 7%
$812,257
Cap Rate 9%
$631,756
Alternative Uses
Best Use
Specialty Retail
$3.51M
$3.07M – $4.09M
NOI $245,584 @ 7.0% cap · market cap 30.70%
Second Best
Mixed Use
$812.3K
$710.7K – $947.6K
NOI $56,858 @ 7.0% cap · market cap 7.11%
Theoretical Best
Multifamily LT 5
$186.92M
$163.55M – $218.07M
NOI $13,084,270 @ 7.0% cap · market cap 1,635.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
BP
Shops & Services
5,894 visits/mo
0.4 miles
Dollar Tree
Shops & Services
4,286 visits/mo
0.4 miles
Huntington Bank
Shops & Services
3,414 visits/mo
0.3 miles
Sunoco
Shops & Services
3,050 visits/mo
0.4 miles
Valley Ford Of Huron, Inc
Shops & Services
1,062 visits/mo
0.4 miles
Demographics for 44839, OH
12,472
Population
6,786
Households
1.8
Avg Household Size
50
Median Age
40%
College-Educated
97%
High-School Grad
36.1 sq mi
ZIP Area
345
Density / Sq Mi
$77,377
Median Household Income
$40,250
Median Earnings
$888
Median Rent
$234,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bowling alley - One-story commercial building with retained furniture, fixtures, equipment, and separate restaurant-side access and utilities.
Where is this bowling alley located?
The property is located at 125 Main Street Huron Huron, OH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 16,985 SF one‑story commercial building constructed in 1947; 0.7520‑acre corner site at Main Street and South Street; Previously operated as a bowling alley and lounge
