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    Oh-528 Madison, OH 44057

    For Sale
    $4,500,000

    Prime Ohio Interstate Land, $4.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 30-acre commercial land parcel presents a unique investment opportunity in Madison Village, Ohio. Strategically located at the southwest quadrant of Interstate 90 and State Route 528 (S Madison Rd), this property boasts unparalleled visibility and accessibility. The site offers a significant 1,200± feet of frontage on I-90 and 324.98± feet on SR 528. Zoned B-5 (Interstate Business), it's ideal for a variety of commercial developments. The property includes three distinct sections: a 24-acre parcel with extensive I-90 frontage, a 6-acre parcel also with I-90 frontage, and an 8.83-acre parcel (available separately) providing additional access to both I-90 and SR 528. All utilities, including water and sewer, are available on SR 528. This location offers easy access to Lake Erie, metro park systems, and is conveniently situated between Chicago and New York, only 35 minutes from Cleveland. The property is adjacent to a new fire station and benefits from its proximity to the Spire Institute and Northeast Ohio's wine country. Significant economic incentives, including potential water tower district and economic incentive grants, are available. The property's APN is 02A002A00002, 02A002A00004, and 02A002A00005. The asking price is $4,500,000.

    Property Features for 0 Oh-528

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.0470707
    Latitude
    41.7454447

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    FAQs

    What type of property is this?
    Land - Prime Ohio Interstate Land, $4.5M
    Where is this land located?
    The property is located at Oh-528 Madison, OH.
    What is the asking price?
    The asking price for this property is $4,500,000.
    (440) 255-5552
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    Oh-528 Madison, OH 44057
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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
    Oh-528 Madison, OH 44057
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