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    2901 Liberty Ave Vermilion, OH 44089

    For Sale
    $2,250,000

    NNN lease property adjacent to a 700-home development.

    Property size:
    25,000 SF
    Lot size:
    2.62 Acres

    Property Features for 2901 Liberty Ave

    General Information

    Size
    25,000 SF
    Lot size
    2.62 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Roman Stuart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property Near New Development

    This retail property offers a long-term lease designed for sustained growth. The absolute NNN lease structure provides a hassle-free investment with no landlord responsibilities, ensuring a passive income stream. Benefit from predictable cash flow with built-in annual rent escalations that enhance long-term returns. The property is strategically situated adjacent to a new housing development of 700 homes, offering potential for increased foot traffic and demand. It is located in a thriving area with an average household income of $92,484 within a 5-mile radius, indicating strong purchasing power and market viability. The property has a size of 25000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Vermilion Farm Market Grocery Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vermilion
    County
    Erie
    State
    Ohio
    Longitude
    -82.3034194
    Latitude
    41.4248048

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    FAQs

    What type of property is this?
    Retail space - NNN lease property adjacent to a 700-home development.
    Where is this retail space located?
    The property is located at 2901 Liberty Ave Vermilion, OH.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - PRIME LOCATION: Adjacent to a new 700-home development.; - HIGH AVERAGE HOUSEHOLD INCOME: Located in an area with a $92,484 average household income within a 5-mile radius.; - ABSOLUTE NNN LEASE: A hassle-free investment with no landlord responsibilities.
    (952) 356-2999
    Request Owner's contact information
    2901 Liberty Ave Vermilion, OH 44089
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    Vermilion, OH 44089
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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
    2901 Liberty Ave Vermilion, OH 44089
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