Description
Rare 11.15-acre commercial/industrial compound located entirely in the Thompson Township Industrial District! Income producing property or live-work compound for an owner/operator. Perfect setup for contractors, mechanics, fabricators, or small business owners. The property features a massive 8,000+ sq. ft. commercial machine shop, an additional 32x24 detached frame garage, a large 40x32 outdoor pavilion, and an attached 2-car garage. Shop is equipped with 3-phase electric and has its own transformer. Fronting the property is a solid 3-bedroom ranch with 1,366 sq. ft. of main-level living space plus a 704 sq. ft. fully finished basement and a 572 sq ft 2 car attached garage. Residence needs a facelift but the bones are strong and is suitable for current tenant. It has been occupied by a stable, long-term tenant for over 7 years, giving you immediate rental income while you run your business. Outside includes a large 40x32 pavilion with electric and an in-ground pool (needs maintenance/repairs, sold as-is). Stop paying commercial rent. Run your business here and let the residential tenant offset your costs! Dual-parcel sale. All information provided is deemed reliable but is not guaranteed and should be independently verified by buyer. Property may contain unknown defects or conditions requiring repair. Buyer is solely responsible for verifying all property conditions, compliance, and suitability during due diligence.
Details
| MLS # | 5221407 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1959 |
| Days On Site | 58 |
| Listing Provided By | Keller Williams Greater Cleveland Northeast | Celeste Osborne |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,070 |
| Garage | 4 |
| Basement | Y |
| Pool | Yes |
| Story(s) | 1 |
| Acreage | 11.15 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Circular Driveway, Driveway, Garage |
Taxes
| Tax Annual Amount | 5075 |
|---|
Area Information
| State | OH |
|---|---|
| County | Geauga |
| City | Madison |
| Zip Code | 44057 |
| Community Name | Thompson |
| Listing VS Median (in Thompson) | |
Price: $449,000 low | high Med: $394,500 sqft: 2,070 low | high Med: 6,612 $ / sqft: $217 low | high Med: $113 On site: 58 low | high Med: 35.5 | |
Market Activity 44057
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Learn More About This Property
| State | OH |
|---|---|
| County | Geauga |
| City | Madison |
| Zip Code | 44057 |
| Community Name | Thompson |
| Listing VS Median (in Thompson) | |
Price: $449,000 low | high Med: $394,500 sqft: 2,070 low | high Med: 6,612 $ / sqft: $217 low | high Med: $113 On site: 58 low | high Med: 35.5 | |