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    4486 Liberty Ave Vermilion, OH 44089-1908

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    4486 Liberty Ave Vermilion, OH 44089-1908


    • Strip malls
    • 5,529 SF
    • 1.25 lot acres
    Off-Market
    Last Sale Nov 21, 2022
    $555,000
    Property ID
    US66-2180143
    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
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 4486 Liberty Ave

    Year built
    2004
    Lot size
    1.25 lot acres
    Property size
    5,529 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    01-00-001-103-122
    APU
    100001103122

    Description

    Portland Plaza offers exceptional retail opportunities in a vibrant Lorain County neighborhood. This attractive strip center boasts two available spaces, one measuring approximately 945 square feet and another approximately 1,236 square feet, both immediately available. The property enjoys a highly visible corner lot location at the intersection of Liberty Avenue (Route 6), a major thoroughfare connecting Lorain and Vermilion, and Portland Drive. This strategic positioning ensures significant traffic exposure and easy accessibility for customers. The center features ample surface parking for convenient customer access. The larger space, approximately 1,236 square feet, is ready for immediate occupancy. The smaller space, approximately 945 square feet, was previously occupied by a vape shop. The property benefits from two convenient points of ingress and egress, enhancing traffic flow and accessibility. Furthermore, Portland Plaza's location directly across from the Lakeshore Shopping Center, anchored by a Giant Eagle supermarket, provides significant synergistic benefits and exposure to a substantial customer base. This is a rare opportunity to secure prime retail space in a thriving community with excellent visibility and convenient access. The property is classified as a multi-tenant retail strip center in Lorain County.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $435,000
      ML approach
      $495,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $695,000
      Market price range: $202k - $714k
      AI Estimate
      $353,000
      Market price range: $121k - $354k
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $425,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $770,000
      Change: +81% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $570,000
      Change: +34% Conversion: Easy
      MEDICAL BUILDING
      $515,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $500,000
      Change: +18% Conversion: Easy
      AUTO REPAIR, GARAGE
      $455,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Vermilion
    County
    Lorain
    State
    Ohio
    Longitude
    -82.3441
    Latitude
    41.4254
    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
    $22,098
    $77,536
    $191,023
    $268,559
    -
    $221,530
    $545,780
    $767,310
    More about this property
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