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Commercial: MLS #5025741 Vermilion, OH $ 1,500,000
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$ 1,500,000 Get more info
Commercial: MLS #5025741
$ 1,500,000
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Commercial: MLS #5025741

Vermilion, OH, 44089
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 10,478

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Studio

Commercial Property for sale in Vermilion, OH

for $1,500,000. This building was built in 1984 on a lot size of 8.05.

Excellent Location! Don’t miss out on this amazing opportunity to own a well maintained 13,000 SF building on 8 acres of land near the lake in Vermilion Ohio. Currently operates as a 40 year successful turnkey Event Center but the possibilities are endless it can remain as is or become a perfect spot for a Brewery, Restaurant, Sports Bar, Condos, Apartments, Nursing Home, Manufacturing, Private Club, and much more. Parking as it sits now for 300+, enough property upfront to put additional business on or whatever your business plan may be. Vermilion is named one of Ohio’s best LakeFront Cities w/room for business development. As the building sits it can accommodate 700+ guests, there is a knockout wall in the back that was done in case of expansion, in 2023 a New Roof & Freezer was purchased. It comes with a Full Commercial Kitchen, Liquor License, Equipment & Supplies. Close to all major highways for easy access. Make your Appointment Today!

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Commercial Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 19,428

Style

Lot Size

8.05

Year Built

1984

Town/City

Vermilion

County/Region

Lorain

MLS | Web ID

5025741
Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession Other
Roof Asphalt Fiberglass
Security Features SecuritySystem FireAlarm
Year Built 1984
Stories 1
Township Brownhelm Twp
Levels One
Property SubType MixedUse
Tax Year 2023
Current Use Commercial MixedUse
Business Type FoodBeverage Hospitality
County Lorain
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Building Features Cafeteria PrivateRestrooms PublicRestrooms ReceptionArea Signs Storage
Status Active
Directions I 90 to Baumhart Road to Liberty Ave.
City Vermilion
Buyer Agent Compensation 2/1.75
View Y/N N
Senior Community Y/N N
High School District Vermilion LSD - 2207
Zoning Description Commercial
Waterfront Y/N N
Carport Y/N N
Street Name Liberty
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 19428.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Middle/Junior School District Vermilion LSD - 2207
Elementary School District Vermilion LSD - 2207
Year Built Source Owner
Property Sub Type Additional MixedUse
Buyer Agent Compensation Type Item1
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Interior
Basement None
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Fencing None
Parking Features AdditionalParking Asphalt Common DirectAccess Driveway Lighted Outside ParkingLot
Water Source Public
Total Parking 300.0
Lot Size Area 8.05
Spa N
Building Area Total 13050.0
Lot Size Acres 8.05
Lot Size Units Acres
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3330
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* Excluded Features
List By
Bernadette Stitchick

Listing Agent

Russell Real Estate Services

Broker

bernniemarie1@gmail.com

Email

Affordability Calculator

$12,097
Per Month
87%
13%
0%
Monthly Principal & Interest
$10,478
Monthly Property Taxes
$1,619
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457779 Elementary School
4457848 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/23/2024$1,500,000 Listed Price

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