Restaurant Building with Commercial
429 E Walton St, Willard, OH 44890
For Sale
New
Contact for pricing
Commercial Sale, Willard, OH
Property Size4,858 SF
Lot Size1.80 Acres
Days on Market2
Property Features for 429 E Walton St
General Information
Property type
Property subtype
Standard status
Lot size
Building Details
Buildings
Listing Agency:
RES Auction Services
Listed By:
Andy White
(330) 466-5471
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 4:06AM
MLS# 12061799
Copyright © 2026 My State MLS. 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.
Set on 1.8 acres, this 4,858-square-foot restaurant property has three dining areas, including one with a gas fireplace. The commercial kitchen is equipped with three hood systems, including a 16-foot hood, plus a walk-in cooler and freezer. A fire suppression system for the hoods was updated in 2025. The building also includes public men's and women's restrooms, an employee restroom, a break room, an office, and storage. Heating includes two newer units serving two dining areas and baseboard heat; gas service and three-phase electrical service are also present.
The property occupies a signalized corner at State Route 99 and US Route 224 in Willard. Its B-1 zoning and existing commercial improvements support restaurant, retail, or other commercial use, as described in the property information.
The property occupies a signalized corner at State Route 99 and US Route 224 in Willard. Its B-1 zoning and existing commercial improvements support restaurant, retail, or other commercial use, as described in the property information.
Key Highlights
- 4,858‑square‑foot building on 1.8 acres
- Three dining areas; one includes a gas fireplace
- Commercial kitchen with three hood systems, including a 16‑foot hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,679
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,580
$1.4M
Cap Rate 7%
$1,009,700
$1.0M
Cap Rate 9%
$785,322
$785.3K
Market Conditions
NOI Build-Up for 4,858 SF
Gross rent
$97.4K $20.04/SF
− Vacancy
−$3.1K −$0.64/SF
EGI
$94.2K $19.40/SF
− OpEx
−$23.6K −$4.85/SF
NOI
$70.7K $14.55/SF
Area
Huron County, OH
Vacancy
3.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,580
Cap Rate 7%
$1,009,700
Cap Rate 9%
$785,322
Alternative Uses
Best Use
Specialty Retail
$1.01M
$883.5K – $1.18M
NOI $70,679 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
82k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 39%
Hotels & Casinos 1%
Circle K
Shops & Services
17,338 visits/mo
0.1 miles
McDonald's
Dining
16,821 visits/mo
0.4 miles
Wendy's
Dining
9,234 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,295 visits/mo
0.2 miles
Burger King
Dining
7,972 visits/mo
0.1 miles
Demographics for 44890, OH
10,759
Population
4,705
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
84.7 sq mi
ZIP Area
127
Density / Sq Mi
$64,971
Median Household Income
$39,490
Median Earnings
$834
Median Rent
$136,900
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 - A multi-area dining layout, existing kitchen equipment, and B-1 zoning support restaurant or other commercial use.
Where is this conventional restaurant located?
The property is located at 429 E Walton St Willard, OH.
What are key features of this property?
This property features: 4,858‑square‑foot building on 1.8 acres; Three dining areas; one includes a gas fireplace; Commercial kitchen with three hood systems, including a 16‑foot hood
