Country Resort & Animal
3020 Chesterville Sparta Rd Fredericktown, OH 43019
3020 Chesterville Sparta Rd, Fredericktown, OH, 43019
$1,199,900
For Sale
$1,199,900
Operating resort on roughly 10 wooded acres with four rental units generating about $6,900 per month.
Property Size5,400 SF
Lot Size10.00 Acres
Price / SF$222.20
Days on Market103
Property Features for 3020 Chesterville Sparta Rd
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 10.00 Acres
Listing agency
RE/MAX Connection
(614) 882-6725
Listed by
DeLena Ciamacco · License #367326
(614) 882-6725
Source
Exprealty
Added: Apr 10 Updated: Jul 20 at 9:42PM Checked: Jul 20 at 9:42PM
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 RE/MAX Connection
Investment Insights
Based on property information with market context.
The Heartland Country Resort & Animal Sanctuary is a for-sale hospitality and equestrian property built around multiple living spaces and onsite amenities. The grounds sit on approximately 10 scenic, wooded, and gently rolling acres and include multiple outbuildings, a 3+ stall barn, two fenced pastures, and a pond with a beach and gazebo. A pavilion is also on site.
The property currently operates as an established business with four rental units generating approximately $6,900 per month. There are over 5,400 SF across five residences, including the Harmony and Serenity suites (a tri-plex) with kitchens or kitchenettes, vaulted great rooms, jetted tubs, and front porches. “The Lodge” accommodates up to 12 guests and features a massive great room, full kitchen, loft, and a 3-season room. The main log home includes 1–2 bedrooms, 1.5 baths, an expansive great room, and a full basement.
Located just minutes from I-71, the property can be used to continue operating as a hospitality retreat or reconfigured for private estate and farm-style living.
The property currently operates as an established business with four rental units generating approximately $6,900 per month. There are over 5,400 SF across five residences, including the Harmony and Serenity suites (a tri-plex) with kitchens or kitchenettes, vaulted great rooms, jetted tubs, and front porches. “The Lodge” accommodates up to 12 guests and features a massive great room, full kitchen, loft, and a 3-season room. The main log home includes 1–2 bedrooms, 1.5 baths, an expansive great room, and a full basement.
Located just minutes from I-71, the property can be used to continue operating as a hospitality retreat or reconfigured for private estate and farm-style living.
Key Highlights
- Operating country resort on approx. 10 wooded, gently rolling acres with animal sanctuary amenities
- Generates approx. $6,900/month from four rental units and is set up to continue operating as a hospitality business
- Over 5,400 SF across five residences, including Harmony Serenity and Tranquility suites (tri‑plex) with kitchens/kitchenettes and vaulted great rooms
Local Financial Insights For Multifamily LT 5
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 | $82.9k | $15.36 |
| − Vacancy | −$5.9k | −$1.09 |
| EGI | $77.0k | $14.27 |
| − OpEx | −$23.1k | −$4.28 |
| NOI | $53.9k | $9.99 |
5,400 SF · lease $15.36/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.4K
$674.1K – $898.8K
NOI $53,927 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$711.1K
$622.3K – $829.7K
NOI $49,780 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,435 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Resorts
Similar For Sale Nearby
FAQs
What type of property is this?
Resort - Operating resort on roughly 10 wooded acres with four rental units generating about $6,900 per month.
Where is this resort located?
The property is located at 3020 Chesterville Sparta Rd Fredericktown, OH.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Operating country resort on approx. 10 wooded, gently rolling acres with animal sanctuary amenities; Generates approx. $6,900/month from four rental units and is set up to continue operating as a hospitality business; Over 5,400 SF across five residences, including Harmony Serenity and Tranquility suites (tri‑plex) with kitchens/kitchenettes and vaulted great rooms
