Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2508 Oh-60 Wakeman, OH 44889

    For Sale
    $550,000

    12 Acres, C2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12.38-acre commercial land parcel presents a compelling investment opportunity in Erie County, Ohio. Located at 2508 SR 60 in Wakeman, Ohio, 44889, this property boasts a prime location on a major north-south thoroughfare, offering unparalleled visibility and accessibility. The site features 370 feet of frontage along a two-lane highway that expands to four lanes just north of the property, ensuring high traffic exposure. Convenient access is provided by a single curb cut on the north side. Zoned C2-General Commercial, this land is ready for immediate development. All utilities are conveniently located on-site. The property includes an existing barn and mature trees, adding to its character and potential. Situated in Vermillion Township, just south of the City of Vermillion, this location benefits from the growth and amenities of a nearby established community. The APN is 12-00287.000. This property is a quarter-mile south of the SR 2 interchange, further enhancing its strategic location and accessibility. The asking price is $550,000.

    Property Features for 2508 Oh-60

    General Information

    Property type
    Land
    Lot Size
    539,273 SF

    HighLights

    • All utilities available on‑site.
    • On‑site barn included.
    • Landscaped with mature trees.
    • Vermillion Township location, south of Vermillion city limits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wakeman
    County
    Erie
    State
    Ohio
    Longitude
    -82.399384
    Latitude
    41.2062462

    Nearby Comparable

    • $195,000

      Wakeman, OH Multi-Family Investment

      Three-unit multi-family property in Wakeman, Ohio, with cash flow.
      22 Main St, Wakeman, OH 44889
      View Details
    • $390,000
      14.84 Acres

      Wakeman, OH Agricultural Land

      14.8 acre parcel zoned General Business with outbuilding.
      6175 Us Highway 20, Wakeman, OH 44889
      View Details
    • $4,300,000
      56.00 Acres

      Sandstone Quarry with Water Rights

      56-acre quarry featuring sandstone reserves and spring water asset.
      14647 State Route 511, Oberlin, OH 44074
      View Details
    • $6,500,000
      9,700 SF

      Oberlin Industrial Quarry: Prime Investment

      56-Acre Quarry, Abundant Resources, High ROI Potential
      14647 State Route 511, Oberlin, OH 44074
      View Details
    • $359,900
      1,840 SF

      New London Investment Opportunity

      Turnkey, cash-flowing investment property in New London, Ohio.
      41 Railroad Ave, New London, OH 44851
      View Details

    Nearby Similar for Sale

    • $390,000
      14.84 Acres

      Wakeman, OH Agricultural Land

      14.8 acre parcel zoned General Business with outbuilding.
      6175 Us Highway 20, Wakeman, OH 44889
      View Details
    • $195,000

      Wakeman, OH Multi-Family Investment

      Three-unit multi-family property in Wakeman, Ohio, with cash flow.
      22 Main St, Wakeman, OH 44889
      View Details

    FAQs

    What type of property is this?
    Land - 12 Acres, C2 Zoning, High Visibility
    Where is this land located?
    The property is located at 2508 Oh-60 Wakeman, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: All utilities available on-site.; On-site barn included.; Landscaped with mature trees.
    Request Owner's contact information
    2508 Oh-60 Wakeman, OH 44889
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2508 Oh-60
    Wakeman, OH 44889
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2508 Oh-60 Wakeman, OH 44889
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.