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    FOR SALE
    Grocery and convenience stores

    6521 N Ridge Rd, Madison, OH 44057

    18,178 SF 3.82 ac lot Built 2016
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US66-1380407
    Property summary
    AI-generated overview

    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the heart of Madison, Ohio's thriving retail corridor. Situated on North Ridge Road (US-20), this property boasts over 16,000 vehicles per day, ensuring high visibility and accessibility for your business. The site is ideally positioned within Madison's main retail trade area, surrounded by a robust mix of nationally recognized retailers and restaurants. Nearby establishments include ALDI, Walmart Supercenter, Giant Eagle, Marc's, McDonald's, Wendy's, Taco Bell, Burger King, and Arby's, creating a dense concentration of consumer traffic. The strong demographics further enhance the property's appeal, with an average household income exceeding $77,000 within a 5-mile radius. This location offers unparalleled potential for a variety of commercial developments, capitalizing on the high traffic volume and established retail environment. The property's address is 6521 N Ridge Rd, Madison, OH 44057, in Lake County. This is a rare chance to acquire a highly visible and strategically located commercial lot in a rapidly growing market. The property is ready for development and offers immediate access to a substantial customer base. Don't miss this opportunity to establish your business in a prime location with exceptional visibility and strong surrounding demographics.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2016
    Total area 18,178 SF
    Lot 3.82 ac (166,269 SF)
    Zoning code B2
    APN 01-B-108-0-00-032-0
    UPID US66-1380407
    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
    • ALDI Specialty Food Shop Supermarket
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.85M
    Blend (final) Blend
    $1.67M
    Owner & transaction history
    Aldi INC Ohio · 10 yrs held
    Aldi INC Ohio
    since 2016
    2 recorded transactions
    2016
    2015
    $1.2M
    Zoning & alternative use
    B2 · Madison, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.6M +128.7%
    Auto repair, garage $1.5M +33.7%
    Office building $1.3M +15.3%
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    More about this property
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