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    Mccormick St Wellington, OH 44090

    For Sale
    $299,000

    Prime Commercial Land, High Visibility, Route 58

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.65-acre commercial land parcel presents a unique investment opportunity in Wellington, Ohio. Strategically located on McCormick Street, this property boasts unparalleled visibility from Route 58, a major thoroughfare with a high volume of daily traffic (11,701 vehicles per day). The property's Commercial zoning allows for a variety of development options, making it ideal for businesses seeking a prominent location. Potential uses include light industrial, medical facilities, or retail establishments. The lot size provides ample space for construction and expansion. Wellington's convenient location offers easy access to major metropolitan areas. It's situated just 20 miles from both Downtown Elyria and Downtown Medina, and a 50-minute drive from both Akron and Cleveland, ensuring a strong regional market reach. The property's proximity to Downtown Wellington further enhances its appeal. The Lorain County location, with APN 18-00-020-000-140, provides a stable and desirable business environment. This is a rare opportunity to acquire a highly visible and versatile commercial property in a thriving Ohio community. The asking price is $299,000.

    Property Features for 0 Mccormick St

    General Information

    Property type
    Land
    Lot Size
    115,434 SF

    HighLights

    • 2.65‑acre commercial land parcel in Wellington, Ohio.
    • High visibility from Route 58 (11,701 VPD).
    • Commercially zoned for diverse development (light industrial, medical, retail).
    • Ample space for construction and expansion.
    • Convenient access to Elyria, Medina, Akron, and Cleveland.
    • APN 18‑00‑020‑000‑140.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wellington
    County
    Lorain
    State
    Ohio
    Longitude
    -82.216025495612
    Latitude
    41.181092117766

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, Route 58
    Where is this land located?
    The property is located at Mccormick St Wellington, OH.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 2.65-acre commercial land parcel in Wellington, Ohio.; High visibility from Route 58 (11,701 VPD).; Commercially zoned for diverse development (light industrial, medical, retail).
    (216) 363-6435
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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
    Mccormick St Wellington, OH 44090
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