3330 Liberty Ave Vermilion, OH 44089-2454
This exceptional 13,050-square-foot mixed-use building sits on a sprawling 8.05-acre lot in Vermilion, Ohio, a prime lakeside location. Currently operating as a thriving, established event center with a 40-year history, this turnkey property offers immense versatility. The existing structure comfortably accommodates over 700 guests and includes a full commercial kitchen, a valid liquor license, and all necessary equipment and supplies. Recent upgrades include a new roof (2023) and a new freezer (2023). Ample parking is available for 300+ vehicles, with additional space on the property for expansion or the addition of another business. A knockout wall in the rear facilitates potential expansion. The property's location near major highways ensures easy accessibility. Its potential uses are diverse, including but not limited to: brewery, restaurant, sports bar, condominiums, apartments, nursing home, manufacturing facility, or private club. Vermilion's designation as one of Ohio's best lakefront cities, coupled with its potential for business development, makes this a truly unique investment opportunity. Priced at $1,500,000.
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German's Villa Wedding Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.