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    7511 Lafayette Rd Lodi, OH 44254-9735

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    7511 Lafayette Rd Lodi, OH 44254-9735


    • Turn key restaurants
    • 2,600 SF
    • 1.59 lot acres
    Off-Market
    Last Sale Jul 13, 2020
    $87,500
    Property ID
    US66-0660603
    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.

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    Current Use by Public Records

    • Turn key restaurants

    Property Details for 7511 Lafayette Rd

    Year built
    1948
    Construction
    WOOD
    Lot size
    1.59 lot acres
    Property size
    2,600 SF
    Property type
    Turn key restaurants
    APN
    020-10C-31-013
    APU
    02010C31013

    Description

    This exceptional mixed-use property in Lodi, Ohio, presents a unique investment opportunity. Located on a spacious 1.59-acre lot at 7511 Lafayette Rd, this 4,320 square foot building boasts a fully equipped restaurant and a 2-bedroom, 1-bathroom apartment. Previously operated as a restaurant from 2016-2022, the commercial space includes all contents: two walk-in coolers, a full bar, kitchen equipment, seating, and patio furniture. Significant recent upgrades enhance its appeal: a new gas line (2022), new furnace and electrical system (2022) for the restaurant, and a new commercial septic system (2022). Further improvements include newer windows, siding, roof, and well (2016-2019). The property is handicap accessible and zoned for restaurant/bar use. The asking price is $189,900, translating to $43.96 per square foot. With ample parking for 50 vehicles, this Class C building, constructed in 1948 and renovated in 2016, offers significant potential for a variety of uses. The property is being sold "as is." This is a rare chance to acquire a turn-key operation with substantial recent investments in a desirable Medina County location. The property is currently vacant.


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    Location Insight

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    • Local Demand
    City
    Lodi
    County
    Medina
    State
    Ohio
    Longitude
    -81.9672
    Latitude
    41.068
    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
    $1,507
    $24,880
    $36,530
    $61,410
    -
    $71,090
    $104,360
    $175,450
    More about this property
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