4580 Liberty Ave, Vermilion, OH 44089
- Individual retail properties
- 11,724 SF
- 1.20 lot acres
Current Use by Public Records
- Rite Aid / Pharmacy
- Rite Aid Pharmacy / Pharmacy
- Frank S. Bodnar, RPh / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- Western Union / Bank / Credit Union
Property Details for 4580 Liberty Ave
- Year built
- 1997
- Lot size
- 1.20 lot acres
- Property type
- Individual retail properties
- APN
- 01-20-027-101-007
- APU
- 120027101007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 6, 2022 | — | 4580 Vermillion Oh LLC | — | Deed · related | $1.4M · Credit Union 1 |
| Jul 19, 2022 | $1,854,200 | 4580 Vermillion Oh LLC | Raymond J Vellinga | Limited Warranty Deed | $1.4M · Credit Union 1 |
| Mar 25, 2022 | — | Raymond J Vellinga | Verhio LLC | Limited Warranty Deed | — |
| Aug 29, 2019 | — | Sher,charles J & Donna S F Trust | Sher,charles J | Quit Claim Deed · related | — |
Description
This exceptional 11,724-square-foot freestanding retail building, formerly a Rite Aid, presents a unique investment opportunity in Vermilion, OH. Situated on a 1.64-acre lot at a signalized intersection on Liberty Avenue, this property boasts high visibility and significant traffic volume (14,612 vehicles per day). The building offers excellent frontage along both Salem Drive (290 feet) and Liberty Avenue (236 feet), ensuring maximum exposure to potential customers. The property includes a convenient double-lane drive-thru, ideal for businesses requiring quick customer service, and ample parking with over 75 spaces. The location benefits from strong demographics, with average household incomes exceeding $101,334 within a 5-mile radius. Nearby established businesses include Giant Eagle, Dollar General, Dollar Tree, Goodwill, McDonald's, Wendy's, Huntington Bank, Verizon Wireless, Discount Drug Mart, Pizza Hut, and Liberty Ford Vermilion, creating a vibrant and thriving commercial environment. The entire 11,724 square feet is currently vacant and available for sale or lease. This property is perfect for a variety of retail uses. The address is 4580 Liberty Ave, Vermilion, OH 44089.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,455,000
- ML approach
- $1,495,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,965,000
- 6.5%
- $1,815,000
- 7%
- $1,685,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,464,000
- AI Estimate
- $1,464,000
Market price range: $544k - $1.46MMarket price range: $559k - $1.46M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,065,000 Current use
- RESTAURANT
- $1,840,000 Change: +73% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,635,000 Change: +54% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,210,000 Change: +14% Conversion: Easy
- MEDICAL BUILDING
- $1,090,000 Change: +3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $965,000 Change: -9% Conversion: Difficult
- WAREHOUSE, STORAGE
- $955,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vermilion
- County
- Lorain
- State
- Ohio
- Longitude
- -82.3477
- Latitude
- 41.4256
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
