424 E Main Street, Russells Point, OH 43348
COMMERCIAL - Russells Point, OH
- Added:
- Feb 27, 2026
- Days on Market:
- 122
- Last Refresh:
- Jun 29 at 12:06 am
Property Features for 424 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Dining Room
- Parking
- 17
- Patio and Porch features
- Patio
- Appliances
- Built-In Gas Oven, Dishwasher, Gas Water Heater, Refrigerator, Water Softener Owned
- Standard status
- Active
- APN
- 520321006001002
- Size
- 2,789 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1975
- Building materials
- Brick, Cedar
Listing agent Doug Zimmerman (937) 592-4896
Listing office Zimmerman Realty Ltd. 143 W Chillicothe Ave., Bellefontaine, OH (937) 592-4896
Listing date Feb 27, 2026
Copyright © 2026 West Metro Board 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.
HighLights
- Established and thriving pizza business with property included in the sale.
- Includes a valuable D‑1 liquor license.
- Remodeled in 1999 with meticulous maintenance and numerous updates.
- Located in the lakeside town of Russells Point at Indian Lake, offering waterfront features.
- Fully equipped with all current equipment and inventory.
- ADA compliant with seating for 64 and parking for 17.
Overview
The property is located at 424 E Main Street in Russells Point, Ohio, a lakeside town at Indian Lake. It sits on a 0.27-acre lot and is positioned between US 33 and OH-708 (Main Street), providing a straightforward retail-restaurant frontage along the established corridor.
This configuration can fit an owner-operator looking to step into an operating pizza concept with existing equipment and inventory included, or a buyer seeking to acquire both the foodservice business and the facility in one transaction. The restaurant’s ADA-compliant layout, dedicated staff and guest restrooms, and on-site parking support day-to-day hospitality operations. Proof of funds or a letter of financial approval is required prior to review of financials.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $18.00 |
| − Vacancy | −$3.9k | −$1.39 |
| EGI | $46.3k | $16.61 |
| − OpEx | −$11.6k | −$4.15 |
| NOI | $34.8k | $12.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Russells Point
- County
- Montgomery
- State
- Ohio
- Longitude
- -83.890339
- Latitude
- 40.469413
