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Property profile & analytics
OFF-MARKET
Retail space

728 Main St Vermilion, OH 44089-1314

6,230 SF 0.19 ac lot Built 1886
Individually Owned Free & Clear
Property ID
US66-2130946
Property summary
AI-generated overview

This exceptional 15,000 square foot storefront, located at 728 Main St, Vermilion, OH 44089, presents a unique investment opportunity. Originally constructed in 1886 as the town's first congregational church, this two-story building boasts a rich history and has been meticulously maintained. Currently operating as an antique marketplace, the property offers incredible versatility, adaptable to a wide range of commercial uses. The spacious layout includes numerous rooms, providing ample flexibility for diverse business needs. A significant advantage is the inclusion of a two-bedroom apartment, ideal for owner-occupancy or generating supplemental rental income. Situated in the heart of historic downtown Vermilion, Ohio, this property enjoys a prime location just blocks from picturesque Lake Erie, ensuring high visibility and foot traffic. The property benefits from excellent curb appeal, enhanced by its proximity to a beautiful park. Zoned B-2, the permitted uses are extensive, making this a truly remarkable investment. The asking price is $450,000, translating to $30 per square foot. This is a rare chance to acquire a piece of Vermilion's history with significant potential for future growth and profitability. Don't miss this chance to own a landmark property in a thriving community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1886
Total area 6,230 SF
Lot 0.19 ac (8,102 SF)
APN 18-02202-000
UPID US66-2130946
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
  • Millett Auction House & Market Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
ELIZABETH A MILLETT
ELIZABETH A MILLETT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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