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Property profile & analytics
OFF-MARKET
Commercial land

5573 North Ridge Rd Madison, OH 44057

Individually Owned 2-yr Hold
Property ID
US66-0222876
Property summary
AI-generated overview

Development site available that includes 17.9 acres of land on the north side of North Ridge Road (Rt. 20) in Madison, Ohio. Previous use included used car business. Two parcels included in sale with 400' of frontage of North Ridge Road. Large parcel is approximately 2,000' deep. Current zoning is mixed with B-2 (Regional Business) approximately 500' deep and A-1 (Agricultural) to the north. Multiple uses are allowed for the commercial zoned section that include restaurants, fast food, office, and retail. A large pond sits on the northern part of the site. Municipal water (Aqua Ohio), electric (Illuminating Company), gas (Enbridge Gas), and Spectrum is available to the site. A septic system is on site. Please call for all tours. ["Discover a prime investment opportunity with this exceptional property in the Madison area. Boasting a 3,224 SF building", "constructed in 1965", "and zoned B2", "this property offers immense potential for Land/Retail investors seeking a strategic venture. Ideally located in a thriving commercial hub", "the property presents an ideal canvas for diverse retail or commercial endeavors. With its historical charm and versatile zoning", "this property is perfectly positioned for those seeking to capitalize on the dynamic market in the Madison area. Unlock the possibilities and envision the lucrative prospects that await with this remarkable investment opportunity."]

Property profile
Verified
Property type Commercial land
UPID US66-0222876
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Norbert Mechenbier · 2 yrs held
Norbert Mechenbier
since 2023
3 recorded transactions
2023
$150,000
2022
$87,500
2021
$49,900
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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