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    214 Herrick Ave Wellington, OH 44090-1317
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    Property profile & analytics

    214 Herrick Ave Wellington, OH 44090-1317


    • Assisted living facilities
    • 4,028 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Nov 17, 2022
    $70,000
    Property ID
    US66-1424207
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 214 Herrick Ave

    Year built
    1880
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    4,028 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    18-00-022-102-018
    APU
    1800022102018

    Description

    This 16,000 square foot, vacant medical office building in Wellington, Ohio, presents a unique investment opportunity. Situated on a 0.61-acre lot, this Class C property comprises two buildings with three stories, offering ample space for various medical uses. Built in 1880 and extensively renovated in 2023, the property features a mix of ground-level resident rooms with ensuite bathrooms, upper-level offices, an elevator, and a finished lower level including a kitchen and recreation room. The property includes a paved parking lot with space for nine vehicles, plus potential for additional parking with village approval. Recent improvements include fresh paint and drywall, ceiling repairs, and cosmetic updates. A wet fire suppression sprinkler system is in place, recently updated and tested. The property is currently vacant and zoned for a use subject to review. Showings are by appointment only for qualified buyers who submit a signed non-disclosure agreement and proof of funds exceeding 50% of the asking price. The property's layout includes a reception area and is suitable for a variety of medical uses. On-street parking is also available.


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    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2142
    Latitude
    41.1682
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,803
    $19,058
    $13,930
    $32,988
    -
    $54,450
    $39,800
    $94,250
    More about this property
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