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    6521 Ridge Rd Madison, OH 44057

    For Sale
    Contact for pricing

    Prime 1-Acre Commercial Lot in Madison, OH

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the heart of Madison, Ohio's thriving retail corridor. Situated on North Ridge Road (US-20), this property boasts over 16,000 vehicles per day, ensuring high visibility and accessibility for your business. The site is ideally positioned within Madison's main retail trade area, surrounded by a robust mix of nationally recognized retailers and restaurants. Nearby establishments include ALDI, Walmart Supercenter, Giant Eagle, Marc's, McDonald's, Wendy's, Taco Bell, Burger King, and Arby's, creating a dense concentration of consumer traffic. The strong demographics further enhance the property's appeal, with an average household income exceeding $77,000 within a 5-mile radius. This location offers unparalleled potential for a variety of commercial developments, capitalizing on the high traffic volume and established retail environment. The property's address is 6521 N Ridge Rd, Madison, OH 44057, in Lake County. This is a rare chance to acquire a highly visible and strategically located commercial lot in a rapidly growing market. The property is ready for development and offers immediate access to a substantial customer base. Don't miss this opportunity to establish your business in a prime location with exceptional visibility and strong surrounding demographics.

    Property Features for 6521 Ridge Rd

    General Information

    Property type
    Land

    HighLights

    • 1‑acre commercial land parcel in Madison, OH's prime retail corridor.
    • High‑traffic location on US‑20 (North Ridge Road), exceeding 16,000 vehicles daily.
    • Surrounded by national retailers (ALDI, Walmart, Giant Eagle, etc.) and restaurants.
    • Strong demographics: Average household income over $77,000 within a 5‑mile radius.
    • Development‑ready site at 6521 N Ridge Rd, Madison, OH 44057 (Lake County).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ALDI Supermarket

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.055238461892
    Latitude
    41.802967887471

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    FAQs

    What type of property is this?
    Land - Prime 1-Acre Commercial Lot in Madison, OH
    Where is this land located?
    The property is located at 6521 Ridge Rd Madison, OH.
    What are key features of this property?
    This property features: 1-acre commercial land parcel in Madison, OH's prime retail corridor.; High-traffic location on US-20 (North Ridge Road), exceeding 16,000 vehicles daily.; Surrounded by national retailers (ALDI, Walmart, Giant Eagle, etc.) and restaurants.
    (216) 381-8200
    Request Owner's contact information
    6521 Ridge Rd Madison, OH 44057
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    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
    6521 Ridge Rd Madison, OH 44057
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