Vermilion Freestanding Commercial
14006 W Lake Rd, Vermilion, OH 44089
3,830 SF commercial building suitable for various uses.
Type:Mixed Use, Office, Retail, Special Purpose
Property size:
3,830 SFPrice / SF:
$207/SF- Added:
- Feb 24, 2026
- Days on Market:
- 123
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 14006 W Lake Rd
General Information
- Standard status
- Active
- Size
- 3,830 SF
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Building Details
- Year Built
- 1988
Listing office eXp Commercial
Listing date Feb 24, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
HighLights
- Highly improved 3,830 SF freestanding commercial building with flexible layout suitable for various uses.
- Major capital improvement: connection to city sewer (estimated $100,000 value).
- Strategically positioned on W Lake Road near Vermilion's Historic Harbor Town, offering excellent visibility and accessibility.
- Features multiple rooms, laundry room, kitchenette, abundant built‑in cabinetry, and extensive plumbing.
- Ample on‑site parking and a storage shed.
- Close proximity to Lake Erie, lakefront recreation, boating, beaches, and seasonal tourism.
Overview
This 3,830 SF freestanding commercial building, formerly a beauty salon, features a flexible layout suitable for a variety of uses. The property includes 3,013 SF on the first floor and 814 SF on the second floor, with multiple rooms, a laundry room, kitchenette, abundant built-in cabinetry, and extensive plumbing. A major capital improvement includes connection to city sewer. Additional improvements include four furnace units, two hot water tanks, new electrical subpanels, well-maintained landscaping, tile flooring, French doors leading to a rear patio, and a roof approximately 15 years old. The property offers ample on-site parking and a storage shed. With its existing infrastructure and room configuration, the building is well suited for salon or salon suites, wellness offices, restaurant, brewery, or wine bar conversion, assisted living or adult day care, professional office, or other service-oriented uses. Located on West Lake Road in Vermilion, the property offers visibility and accessibility less than one mile from Vermilion’s Historic Harbor Town. The site benefits from close proximity to Lake Erie, with easy access to lakefront recreation, boating, beaches, and seasonal tourism traffic. The property enjoys connectivity to surrounding communities and regional routes leading toward Sandusky, Eastlake, and Greater Northeast Ohio.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.4k | $27.00 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $99.1k | $25.87 |
| − OpEx | −$29.7k | −$7.76 |
| NOI | $69.3k | $18.11 |
3,830 SF · lease $27.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$990.7K
$866.8K – $1.16M
NOI $69,347 @ 7.0% cap · market cap 8.72%
Second Best
Specialty Retail
$791.1K
$692.2K – $923.0K
NOI $55,377 @ 7.0% cap · market cap 6.97%
Theoretical Best
Multifamily LT 5
$42.15M
$36.88M – $49.17M
NOI $2,950,412 @ 7.0% cap · market cap 371.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Above & Beyond Salon
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Vermilion
- County
- Erie
- State
- Ohio
- Longitude
- -82.3812085
- Latitude
- 41.4164935
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 3,830 SF commercial building suitable for various uses.
Where is this mixed-use property located?
The property is located at 14006 W Lake Rd Vermilion, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Highly improved 3,830 SF freestanding commercial building with flexible layout suitable for various uses.; Major capital improvement: connection to city sewer (estimated $100,000 value).; Strategically positioned on W Lake Road near Vermilion's Historic Harbor Town, offering excellent visibility and accessibility.
