Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    421 Madison St Russells Point, OH 43348

    For Sale
    $499,000

    Prime Restaurant Space, High Traffic Area, Drive-Thru

    Property size:
    2,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2,550 square foot commercial property, located at 421 Madison Street in Russells Point, Ohio, presents a unique investment opportunity. Built in 1997, this former restaurant boasts a desirable location in a high-traffic area near Indian Lake, offering excellent visibility and accessibility. The property sits on a sizable 11,761.2 square foot lot, encompassing four parcels, and includes convenient features such as a drive-through, two restrooms, a walk-in freezer, and a walk-in cooler. Its versatile layout makes it suitable for a variety of uses, including a restaurant, coffee shop, or other retail businesses. The large parking lot ensures ample space for customers, further enhanced by its proximity to a traffic light. The property's strategic location is complemented by its proximity to a newly constructed hotel and conference center, and its convenient walking distance to Indian Lake. The asking price is $499,000, translating to $195.69 per square foot. This represents a rare chance to acquire a well-situated commercial property in a thriving area with significant potential for growth and profitability. The entire 2,550 square feet is net rentable. This turnkey opportunity is ready for its next chapter.

    Property Features for 421 Madison St

    General Information

    Property type
    Restaurants
    Square Feet
    2,550 SF

    Building Details

    Year Built
    1997

    HighLights

    • 2,550 SF commercial building on a 11,761.2 SF lot in Russells Point, OH.
    • Located in a high‑traffic area near Indian Lake with excellent visibility and accessibility.
    • Features a drive‑through, two restrooms, walk‑in freezer, and walk‑in cooler.
    • Versatile layout suitable for various uses, including restaurant or retail.
    • $499,000 asking price ($195.69/SF), all 2,550 SF net rentable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Russells Point
    County
    Logan
    State
    Ohio
    Longitude
    -83.8905297
    Latitude
    40.4689279

    Nearby Comparable

    • $79,000
      0.09 Acres

      Land Near Indian Lake

      Versatile land near Indian Lake with mixed-use development potential.
      202 W Main St, Russells Point, OH 43348
      View Details
    • New
      $300,000
      988 SF

      Restaurant Opportunity on Indian Lake

      Restaurant with boat dock and seating on Indian Lake.
      302 W Main St, Russells Point, OH 43348
      View Details
    • $699,000
      6,400 SF

      Commercial Property in Russells Point

      2.4 acres with auto shop and heated block building.
      8187 Oh 708, Russells Point, OH 43348
      View Details

    Nearby Similar for Sale

    • $124,900
      1,200 SF

      Versatile Building Near Indian Lake

      Well-maintained building with concrete floor, electrical service, and ample parking.
      8128 Midway Dr, Russells Point, OH 43348
      View Details
    • New
      $300,000
      988 SF

      Restaurant Opportunity on Indian Lake

      Restaurant with boat dock and seating on Indian Lake.
      302 W Main St, Russells Point, OH 43348
      View Details
    • $699,000
      6,400 SF

      Commercial Property in Russells Point

      2.4 acres with auto shop and heated block building.
      8187 Oh 708, Russells Point, OH 43348
      View Details
    • $699,900
      1,891 SF

      Thriving Pizza Business Opportunity

      Established pizza business and property for sale in Russells Point.
      424 East Main St, Russells Point, OH
      View Details
    • $499,000
      2,550 SF

      Former Restaurant with Drive-Through

      2,550 sq ft property in high-traffic area near Indian Lake.
      421 Madison Ave, Russells Point, OH
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, High Traffic Area, Drive-Thru
    Where is this restaurant located?
    The property is located at 421 Madison St Russells Point, OH.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 2,550 SF commercial building on a 11,761.2 SF lot in Russells Point, OH.; Located in a high-traffic area near Indian Lake with excellent visibility and accessibility.; Features a drive-through, two restrooms, walk-in freezer, and walk-in cooler.
    Request Owner's contact information
    421 Madison St Russells Point, OH 43348
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    421 Madison St
    Russells Point, OH 43348
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Madison St Russells Point, OH 43348
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.