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Property profile & analytics
OFF-MARKET Estimated value $840,000
Turn key restaurants

3330 Liberty Ave Vermilion, OH 44089-2454

13,050 SF 8.05 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US66-5220653
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 13,050 SF
Lot 8.05 ac (350,658 SF)
APN 01-00-004-109-006
UPID US66-5220653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • German's Villa Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$852k
Blend (final) Blend
$840k
Owner & transaction history
Germans Villa On The Lake INC · 7 yrs held
Germans Villa On The Lake INC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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