421 Madison St Russells Point, OH 43348
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.