41 Main St Niles, OH 44446-5011
This exceptional downtown Niles restaurant presents a unique investment opportunity. The property boasts a prime location on S Main Street, capitalizing on high traffic from two major throughways, thanks to multiple entrances. The attractive brick building features sleek design, abundant glasswork, and multiple patio areas, including a charming rear patio perfect for warm weather dining. A large refrigeration unit simplifies deliveries. Inside, a welcoming lobby offers fresh baked goods, leading to a spacious dining room with booths and tables, complemented by industrial-style ceilings. A prominent fireplace and mantle serve as a focal point, mirroring the bar area which includes a central fountain, wine wall, hidden coolers, and a jukebox. Tastefully updated restrooms are conveniently located. An enclosed courtyard provides an open-air dining experience with gas fireplaces, couches, and roll-up doors opening to the patio. The fully equipped kitchen features four broiler ovens, a range, flattop, fry section, hot and cold prep areas, canning and ice chests, and a dishwashing station. The lower level includes multiple offices, two restrooms, basement cooler access, and ample storage. The 0.46-acre lot provides ample space. This turnkey operation is ready for a new owner to take it to the next level.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.