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    5573 Ridge Rd Madison, OH 44057

    Sponsored
    For Sale
    $450,000

    17.9 Acres, High Visibility, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 17.9-acre development site presents a rare opportunity in Madison, Ohio. Located on the north side of heavily trafficked North Ridge Road (Rt. 20), this property boasts an impressive 400 feet of road frontage. The site comprises two parcels, offering significant flexibility for development. The larger parcel extends approximately 2,000 feet in depth. The zoning is mixed, featuring approximately 500 feet of B-2 (Regional Business) zoning, allowing for a variety of commercial uses including restaurants, fast food establishments, office spaces, and retail outlets. The remaining northern portion is zoned A-1 (Agricultural). Utilities are readily available, including municipal water (Aqua Ohio), electricity (Illuminating Company), natural gas (Enbridge Gas), and Spectrum services. An existing septic system is in place. A sizable pond is situated on the northern section of the property. The previous use of the land was a used car business. This prime location and substantial acreage offer immense potential for a wide range of commercial ventures. The property is priced at $450,000. Contact to schedule a viewing.

    Property Features for 5573 Ridge Rd

    General Information

    Property type
    Retail properties
    Lot Size
    779,724 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.08897
    Latitude
    41.79617

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    FAQs

    What type of property is this?
    Retail property - 17.9 Acres, High Visibility, Prime Location
    Where is this retail property located?
    The property is located at 5573 Ridge Rd Madison, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    (440) 255-5500
    Request Owner's contact information
    5573 Ridge Rd Madison, OH 44057
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    Madison, OH 44057
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    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
    5573 Ridge Rd Madison, OH 44057
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