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Property profile & analytics
OFF-MARKET Estimated value $1,030,000
Strip malls

4208 Liberty Ave Vermilion, OH 44089-2114

28,720 SF 2.64 ac lot Built 1986
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US66-1959635
Property summary
AI-generated overview

This exceptional commercial property, located at 4208 Liberty Avenue in Vermilion, Ohio, offers a unique investment opportunity. The single-story building boasts a total of 28,720 square feet, encompassing both medical and traditional office spaces within a multi-tenant setting. Situated on a 2.64-acre lot, this property benefits from high visibility along State Route 6, experiencing significant traffic volume with 16,750 vehicles passing daily. Currently, a 1,000 square foot endcap space is available for lease within a thriving shopping center anchored by a Discount Drug Mart. The property's strategic location places it in close proximity to the Vermilion Historic District and a core retail area featuring national retailers, ensuring strong foot traffic and brand recognition. Its convenient location offers easy access to Downtown Cleveland, approximately 40 minutes away. Vermilion itself provides a vibrant community atmosphere, enriched by seasonal recreational activities including boating, museums, and entertainment, and is famously home to the Wooley Bear Festival. This property presents a compelling opportunity for businesses seeking a prominent presence in a bustling and attractive Ohio community. The property is located in Lorain County, within the Vermillion, Elyria, Norwalk submarket cluster. The property's zip code is 44089.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Total area 28,720 SF
Lot 2.64 ac (114,998 SF)
APN 01-00-001-108-078
UPID US66-1959635
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
  • Discount Drug Mart Pharmacy
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$841k
Blend (final) Blend
$1.03M
Owner & transaction history
EMMONS REALTY
EMMONS REALTY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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