Turnkey Tavern Near Huron
For Sale
$769,900
54 MCKINLEY Street, Huron, OH 44839
Profitable tavern with loyal clientele, near marina and waterfront.
Property Size1,986 SF
Price / SF$387.66
Days on Market324
Property Features for 54 MCKINLEY Street
General Information
Standard status
Active
Size
1,986 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,922
Amenities
Central Air, Wall Air Conditioning
3
Building Details
Year Built
1945
Listing Agency:
BHHS Professional Realty
(419) 625-7888
Listed By:
Tarina Sidoti
(419) 706-2365
Source:
Xome
Added: Oct 21, 2025
Changed: Sep 8
Last Checked: Sep 9 at 6:49AM
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 BHHS Professional Realty
Investment Insights
Based on property information with market context.
The Sandbar Tavern, situated minutes from the marina and waterfront, is an income-producing property with an established local customer base. The property features a blend of character and modern upgrades, presenting a turnkey operation. All major systems and kitchen equipment have been replaced within the last six years. The business maintains a strong lottery and charity partnership, with solid projected returns. This property is located in Huron.
Key Highlights
- Proven, income‑producing property with a rich local following.
- Prime location minutes from the marina and waterfront.
- Turnkey operation with character and modern upgrades.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.73%
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 198.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
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
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Similar Off Market Nearby
- i-5's Bar and Grill/ THEE WHARF — 356 Main St, Huron, OH 44839
- Sand Bar — 54 McKinley St, Huron, OH 44839
- The Pier Pub — 38 main st, huron, oh 44839
- Old Fish House-Huron — 30 Main St, Huron, OH 44839
Frequently Asked Questions
What type of property is this?
Bar & Pub - Profitable tavern with loyal clientele, near marina and waterfront.
Where is this bar & pub located?
The property is located at 54 MCKINLEY Street Huron, OH.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Proven, income‑producing property with a rich local following.; Prime location minutes from the marina and waterfront.; Turnkey operation with character and modern upgrades.
