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    1037 Bank St Painesville, OH 44077

    For Sale
    Contact for pricing

    25 Acres of Prime Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 25-acre commercial land parcel presents a unique investment opportunity in Painesville, Ohio. Located at 1037 Bank St, this property boasts a highly desirable location within Lake County, offering easy access to major transportation routes and a thriving local economy. The expansive lot size provides ample space for a wide range of commercial developments, from large-scale industrial projects to retail centers or mixed-use developments. The property's APN is 11-A-006-0-00-004. Its strategic location in Painesville, OH, zip code 44077, offers significant potential for growth and return on investment. The geographical coordinates are 41.707241 latitude and -81.233768 longitude. This prime commercial land is ready for immediate development, presenting a rare chance to acquire a substantial property in a dynamic market. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is classified as commercial land and is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request. This is an excellent opportunity for developers and investors seeking a significant land holding in a growing Ohio market. The property is currently vacant and ready for immediate development.

    Property Features for 1037 Bank St

    General Information

    Property type
    Land
    Lot Size
    1,089,000 SF

    HighLights

    • 25‑acre commercial land parcel.
    • Located at 1037 Bank St, Painesville, OH 44077.
    • Lake County, Ohio location.
    • APN: 11‑A‑006‑0‑00‑004.
    • Property Type: Commercial Land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.233768
    Latitude
    41.707241

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    FAQs

    What type of property is this?
    Land - 25 Acres of Prime Commercial Land
    Where is this land located?
    The property is located at 1037 Bank St Painesville, OH.
    What are key features of this property?
    This property features: 25-acre commercial land parcel.; Located at 1037 Bank St, Painesville, OH 44077.; Lake County, Ohio location.
    (216) 621-1800
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    1037 Bank St Painesville, OH 44077
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    Painesville, OH 44077
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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
    1037 Bank St Painesville, OH 44077
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