Renovated Restaurant with
153 Main Street, Loudonville, OH 44842
For Sale
$1,490,000
Food & Beverage,Retail, Loudonville, OH
Property Size4,532 SF
Lot Size0.09 Acres
Price / SF$328.77
Days on Market203
Property Features for 153 Main Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Building Details
Year built
Listing Agency:
Howard Hanna Real Estate Services- Mohican Office
(419) 920-4100
Listed By:
Tracy Kauffman · License #2002002519
(330) 231-4044
Added: Apr 19
Changed: Oct 12
Last Checked: Nov 7 at 11:06PM
MLS# 9073059
Copyright © 2026 Mansfield 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 restaurant property occupies a 4,532 SF building originally constructed in 1900 and subsequently fully renovated. Improvements include updated electrical service, HVAC, kitchen equipment, and interior finishes. The sale includes FF&E, a liquor license, and trained staff. A 1,600 SF paved parking area supports the operation, while natural gas heat and public sewer serve the property.
Located at 153 Main Street in Loudonville, Ohio, the property is within the Mohican tourism region and carries City/Village zoning. The 0.09-acre site combines an established restaurant building with the operational equipment and personnel included in the offering.
Located at 153 Main Street in Loudonville, Ohio, the property is within the Mohican tourism region and carries City/Village zoning. The 0.09-acre site combines an established restaurant building with the operational equipment and personnel included in the offering.
Key Highlights
- 4,532 SF fully renovated restaurant building
- Updated electrical, HVAC, kitchen equipment, and interior finishes
- Sale includes all FF&E, liquor license, and trained staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,844
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,880
$976.9K
Cap Rate 7%
$697,771
$697.8K
Cap Rate 9%
$542,711
$542.7K
Market Conditions
NOI Build-Up for 4,532 SF
Gross rent
$68.0K $15.00/SF
− Vacancy
−$2.9K −$0.63/SF
EGI
$65.1K $14.37/SF
− OpEx
−$16.3K −$3.59/SF
NOI
$48.8K $10.78/SF
Area
Ashland County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,880
Cap Rate 7%
$697,771
Cap Rate 9%
$542,711
Alternative Uses
Best Use
Specialty Retail
$697.8K
$610.6K – $814.1K
NOI $48,844 @ 7.0% cap · market cap 3.28%
Second Best
Retail
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$855.2K
$748.3K – $997.8K
NOI $59,866 @ 7.0% cap · market cap 4.02%
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
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
McDonald's
Dining
15,920 visits/mo
0.4 miles
BP
Shops & Services
7,979 visits/mo
0.2 miles
Taco Bell
Dining
7,343 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
5,072 visits/mo
0.5 miles
Park National Bank
Shops & Services
3,907 visits/mo
0.1 miles
Demographics for 44842, OH
5,643
Population
2,480
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
72.8 sq mi
ZIP Area
78
Density / Sq Mi
$71,524
Median Household Income
$39,444
Median Earnings
$665
Median Rent
$186,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated restaurant property with upgraded building systems, kitchen equipment, and paved on-site parking.
Where is this conventional restaurant located?
The property is located at 153 Main Street Loudonville, OH.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 4,532 SF fully renovated restaurant building; Updated electrical, HVAC, kitchen equipment, and interior finishes; Sale includes all FF&E, liquor license, and trained staff
