3537 Liberty Avenue Vermilion, OH $ 1,200,000
3537 Liberty Avenue
$ 1,200,000
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3537 Liberty Avenue

Vermilion, OH, 44089
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 8,382

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Studio

Commercial Property for sale in Vermilion, OH

for $1,200,000. This building was built in 1950 on a lot size of 1.14.

Welcome to an exceptional investment opportunity nestled in the heart of Vermilion, Ohio. Presenting 3537 Liberty Rd, a lucrative real estate offering featuring a 17-unit motel with instant cash flow. Situated near downtown Vermilion and just a few blocks away from the serene shores of Lake Erie, this property boasts both convenience and charm. In addition to the thriving motel business, this property includes a cozy 2-bedroom house, perfect for generating additional rental income or providing accommodation for an on-site manager, enhancing the property's management efficiency. Moreover, convenience is key with an on-site coin-operated laundry room, ensuring added convenience for both guests and tenants. The property also features a spacious 1200 sq ft 2-story high pole barn, providing ample storage space or potential for further rental opportunities. Expanding the income potential even further, a vast 180 x 70 vacant lot is situated at the rear of the property, offering endless possibilities for expansion or development. Don't miss out on this rare opportunity to own a lucrative real estate asset in Vermilion, Ohio. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a profitable venture, 3537 Liberty Rd offers the perfect blend of income potential and location convenience. Schedule your viewing today and unlock the doors to endless possibilities!

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,488

Style

Lot Size

1.14

Year Built

1950

Town/City

Vermilion

County/Region

Lorain

MLS | Web ID

5028703

Features
General
Sewer PublicSewer
Heating Baseboard Gas Radiators
Cooling WallUnits
Possession Negotiable
Roof Asphalt Fiberglass
Year Built 1950
Township Vermilion
Property SubType HotelMotel
Tax Year 2023
Business Type HotelMotel
Community Features Park
Additional Parcels Description 0100003129002 0100003129003 0100003129004 0100003129005
Business Name Village Inn
County Lorain
Net Operating Income 95426.0
Operating Expense 58055.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Vermilion/Lk 02/Krough Syn
Garage Y/N N
Building Features Other ReceptionArea
Status Active
Directions Liberty Ave (Rt. 6) in Vermilion between Guilford Rd and Marlborough Rd
City Vermilion
Buyer Agent Compensation 2
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 12488.0
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 1
Building Area Units SquareFeet
Standard Status Active
Middle/Junior School District Vermilion LSD - 2207
Elementary School District Vermilion LSD - 2207
Year Built Source Other
Property Sub Type Additional HotelMotel
Buyer Agent Compensation Type Item1
Legal Description VER ON LAKE 2 FRNT 0180.00 DPTH 0137.48 VILLAGE MOTEL
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Interior
Basement Full Other
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features Coinoperated
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 CircularDriveway Concrete Gravel OnSite ParkingLot
Water Source Public
Lot Size Area 1.14
Spa N
Building Area Total 7963.0
Lot Size Acres 1.14
Lot Size Units Acres
Lot Size Source Assessor
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 3537
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* Excluded Features
List By
Steven Lawson

Listing Agent

Russell Real Estate Services

Broker

stevelawson@superstevesells.com

Email

Affordability Calculator

$9,423
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
$1,041
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457779 Elementary School
4457848 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/5/2024$1,200,000 Listed Price

Map


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3537 Liberty Avenue, Vermilion, OH, 44089 is a Commercial Property for sale at $1,200,000 with a lot size of 1.14. 3537 Liberty Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 44089 which is in Vermilion, OH