Restaurant and
New
For Sale
$599,000
54 Mckinley Street, Huron, OH 44839
Established food-and-beverage operation with kitchen equipment and major systems updated within the past six years.
Property Size1,986 SF
Price / SF$301.61
Days on Market2
Property Features for 54 Mckinley Street
General Information
Standard status
Active
Size
1,986 SF
Zoning
Commercial
Additional Details
Business Included
Yes
Currently Operating
Yes
Amenities
ON
Public Records
Public
25.00
0.2000
2995000.00
No
Vinyl Siding,Other
Building Details
Year Built
1945
Stories
1
Listing Agency:
(419) 422-4082
Listed By:
Lial Volsch
Source:
Koehlerrealty
Added: Oct 29
Last Checked: Oct 29 at 2:37PM
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 Lial Volsch
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Sandbar Tavern is a restaurant property at 54 McKinley Street in Huron, Ohio. The building contains 1,986 square feet and dates to 1945. Kitchen equipment and major building systems were replaced within the past six years.
The property is described as minutes from the marina and waterfront. Its existing restaurant and tavern operation includes a lottery and charity partnership.
The property is described as minutes from the marina and waterfront. Its existing restaurant and tavern operation includes a lottery and charity partnership.
Key Highlights
- 1,986‑square‑foot restaurant property
- Built in 1945
- Major systems and kitchen equipment replaced within the past six years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,715
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,300
$574.3K
Cap Rate 7%
$410,214
$410.2K
Cap Rate 9%
$319,056
$319.1K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$39.8K $20.04/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$38.3K $19.28/SF
− OpEx
−$9.6K −$4.82/SF
NOI
$28.7K $14.46/SF
Area
Erie County, OH
Vacancy
3.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,300
Cap Rate 7%
$410,214
Cap Rate 9%
$319,056
Alternative Uses
Best Use
Specialty Retail
$410.2K
$358.9K – $478.6K
NOI $28,715 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$21.86M
$19.12M – $25.50M
NOI $1,529,901 @ 7.0% cap · market cap 255.41%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Home Improvements & Furnishings 30%
Mobil
Shops & Services
2,430 visits/mo
0.4 miles
Huron Ace Hardware
Home Improvements & Furnishings
2,364 visits/mo
0.4 miles
Citizens Bank
Shops & Services
2,142 visits/mo
0.4 miles
H&R Block
Shops & Services
863 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
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 - Established food-and-beverage operation with kitchen equipment and major systems updated within the past six years.
Where is this conventional restaurant located?
The property is located at 54 Mckinley Street Huron, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,986‑square‑foot restaurant property; Built in 1945; Major systems and kitchen equipment replaced within the past six years
