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    628 Main St Vermilion, OH 44089

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    For Sale
    $649,000

    Fully leased mixed-use building in Vermilion's Historic Downtown District.

    Property size:
    5,940 SF
    Lot size:
    0.30 Acres

    Property Features for 628 Main St

    General Information

    Size
    5,940 SF
    Lot size
    0.30 Acres

    Source: CBRE | Cleveland Agent Mike Petrigan, SIOR

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

    Overview

    Vermilion Mixed-Use Investment Opportunity

    This investment opportunity features a fully-leased 5,940 SF mixed-use building located on Main Street in Vermilion, Ohio. The property is situated in the heart of Vermilion’s Historic & Downtown District, boasting a prime Main Street location near Route 6, offering access & visibility. Built in 1871, this well-maintained building offers a blend of historic charm & modern functionality. It generates income from office, retail, and residential tenants, plus exterior parking, offering a diverse income stream.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ihor N. Suszko ... Dentist Harbour Town Dentistry Dentist Makeaway Dumpster Rental Waste Management Service Kyle S. Eberhardt ... Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Vermilion
    County
    Erie
    State
    Ohio
    Longitude
    -82.3650072
    Latitude
    41.4225341

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building in Vermilion's Historic Downtown District.
    Where is this mixed-use property located?
    The property is located at 628 Main St Vermilion, OH.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Fully-Leased: Immediate and consistent income for investors.; - Excellent Location: Prime Main Street location in Vermilion's Historic & Downtown District, near Route 6.; - Diverse Income Streams: Income from office, retail, residential tenants, and exterior parking.
    (216) 363-6435
    Request Owner's contact information
    628 Main St 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
    628 Main St Vermilion, OH 44089
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