Fully Renovated Restaurant
For Sale
$700,000
28926 Euclid Ave, Wickliffe, OH 44092
Fully renovated restaurant property with commercial kitchen, banquet space, and a covered outdoor patio with full bar.
Property Size7,032 SF
Price / SF$100
Days on Market129
Property Features for 28926 Euclid Ave
General Information
Standard status
Active
Size
7,032 SF
Total Parking Spaces
30
Property subtype
Restaurant
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Building Size
7,032 SF
Year Built
1966
Listing Agency:
RIOsource Group
Listed By:
Douglas Klang
(937) 206-1925
Source:
Thebrokerlist
Added: Jun 16
Changed: Oct 16
Last Checked: Oct 20 at 5:09PM
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 RIOsource Group
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Investment Insights
Based on property information with market context.
A fully renovated restaurant building currently operating as Casa Di Vino Italian Restaurant. The property includes a commercial kitchen with a full appliance package and two expansive walk-in coolers, plus banquet hall space and an outdoor covered patio with a full bar. Additional improvements include six remodeled bathrooms, supporting a turnkey food-and-beverage operation.
The property is located on Euclid Avenue in Wickliffe, OH, and offers over 30 parking spaces for guests and staff.
Also included is a D-5L liquor license, which aligns with the on-site full bar and beverage service operations.
The property is located on Euclid Avenue in Wickliffe, OH, and offers over 30 parking spaces for guests and staff.
Also included is a D-5L liquor license, which aligns with the on-site full bar and beverage service operations.
Key Highlights
- Fully renovated 7,000+ SF commercial building built in 1966
- Restaurant setup includes a commercial kitchen with full appliance package and 2 expansive walk‑in coolers
- Banquet hall and outdoor covered patio space with a full bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,944
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,880
$538.9K
Cap Rate 7%
$384,914
$384.9K
Cap Rate 9%
$299,378
$299.4K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$40.0K $5.71/SF
− Vacancy
−$1.5K −$0.21/SF
EGI
$38.5K $5.50/SF
− OpEx
−$11.5K −$1.65/SF
NOI
$26.9K $3.85/SF
Area
Lake County, OH
Vacancy
3.70%
Lease Rate
$5.71 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,880
Cap Rate 7%
$384,914
Cap Rate 9%
$299,378
Alternative Uses
Best Use
Specialty Retail
$1.07M
$939.1K – $1.25M
NOI $75,128 @ 7.0% cap · market cap 10.73%
Second Best
Industrial
$384.9K
$336.8K – $449.1K
NOI $26,944 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,172 @ 7.0% cap · market cap 16.17%
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
608
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44092, OH
16,786
Population
8,258
Households
2
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
2,268
Density / Sq Mi
$67,907
Median Household Income
$41,236
Median Earnings
$1,059
Median Rent
$167,100
Median Home Value
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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 - Fully renovated restaurant property with commercial kitchen, banquet space, and a covered outdoor patio with full bar.
Where is this conventional restaurant located?
The property is located at 28926 Euclid Ave Wickliffe, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fully renovated 7,000+ SF commercial building built in 1966; Restaurant setup includes a commercial kitchen with full appliance package and 2 expansive walk‑in coolers; Banquet hall and outdoor covered patio space with a full bar
