Chippewa Lake Land, Lake Road, Chippewa Lake, OH

Description

Property Description: The Chippewa Lake land of 95± acres includes the original amusement park land with lakeshore frontage, plus 40 adjacent acres of undeveloped farm land. The Medina County Park District owns and manages the lake which has public access.  The sale acreage includes private lake rights, permitting use for swimming, boating, and fishing, as well as the rights to construct docks and boat ramps for a total of 100 power and sail boats.

Now Only $30,000/acre for Lake Front Commercial & Residential Land 

The 350 acres known as Chippewa Lake was formed by a glacier and is spring fed, and is the largest natural lake in the State of Ohio.  Because of it’s purity, the lake’s ice was harvested in the 1800’s by many ice houses and transported to cities in Ohio and Pennsylvania.

As early as the mid 1800’s, Chippewa Lake was known for its fishing, boat rides, and beautiful picnic areas, the precursors to amusement parks.  The land was developed into a popular vacation resort that included a boardwalk, a hotel, a bathhouse, and a dance hall.  Trains ran to the park day and night, and over the Fourth of July weekend in 1892, a crowd of over 20,000 was recorded.

By 1937, when Parker Beach purchased the Chippewa Lake Park, the number of amusement parks in the United States had gone from 1,500 in 1919 to only 500.  Beach reinvigorated the park after the Great Depression, and it became famous for its midway rides, pristine beach, picnic pavilion, miniature golf course, restaurant, and grand ballroom.  The 1940’s brought in the big band era and they all found their way to Chippewa Lake Park.  Benny Goodman, Lawrence Welk, Glenn Miller, and Guy Lombardo all made appearances.  The lake, amusement park and adjacent farm were purchased by CBE, Inc. in 1969. The amusement park continued operation until 1978. The lake was sold to the Medina County Park District in 2007.

 Location Description:  The property is bordered by Lake Road to the east, Longacre Lane to the north, Chippewa Lake to the west, and Beau Bay Boulevard and Lorrie Lane to the south. The property is located in Lafayette and Westfield Townships in southern Medina County and Northeast Ohio.  It is accessible from Interstates 71 and 76, at the Lodi, Ohio exit, on Lake Road.  This property is approximately 35 minutes from downtown Cleveland, and less than 20 minutes from downtown Akron.

Additional Info

Within City Limits:
No
Ceiling Clear:
Construction Type:
Distance from Nearest Interstate:
2.8 miles to I-71 and I-76 interchanges
Former Use:
Primary Building Type:
Zoning:
CRO-Chippewa Resort Overlay and Suburban Residential

Property Location

Specifications

Status:
For Sale
Sale Price:
$ 2,900,000
Property Type:
Land
Locality:
Chippewa Lake
Acreage:
95.00
City:
Chippewa Lake
Corner Property:
No
  • Troy Gerspacher, CCIM, SIOR

    Troy Gerspacher
    Real Estate Broker & President
    Troy@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    216.470.4545
    Fax: 
    330.723.6330

    Troy Gerspacher, President of Gerspacher Real Estate Group is a 3rd generation real estate broker & investor in commercial real estate. He began in sales over 20 years ago with Aerotek, a global staffing company. In 1998 he helped start a commercial skilled trades division for the Cleveland and Akron markets. Over a 7 year period he established over 100 new clients for the company with a payroll of over 200 contract employees with 30 different companies by 2003. 

    In 2004  he began as a real estate agent mentoring his uncle James Gerspacher till 2007. In 2007 Troy become President, Broker and  owner of the Gerspacher Real Estate Group. Since his ownership he has grown the company from a company of 4 to 10 employees and agents.   He along with his team have been integral in growing the listings from  75 to over 150 listing totaling over $150 million in real estate inventory.  In that time he has completed nearly 500 sale and lease transactions. In 2012 he earned the elite  CCIM designation for investment commercial brokers (Certified Commercial Investment Member) and recently in 2017 he earned the SIOR Designation (Society of Office & Industrial Realtors.) Only 3000 practioniaires in the world have earned this highly honored designation. In addition he has invested, re-developed, owns and manages multiple commercial office, retail and apartments buildings.  

    He lives in Medina, married to Heather with 3 children, Gavin, Marin and Aylin.

    Licenses/Designations

    • Ohio Licensed Real Estate Managing Broker
    • Certified Commercial Investment Member - CCIM
    • Society of Office & Industrial Realtors-SIOR
    • National Association of Realtors-Affiliate Member

    Education

    • Bachelor of Arts, Baldwin Wallace University, Berea OH
    • Member - CCIM

    Affiliations

    • Medina County Economic Development Corp. Board Member
    • Medina County Board of Realtors Commercial Committee
    • Leadership Medina County Graduate
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Greater Akron Chamber of Commerce
    • Previous St. Matthews Church Personnel Committee Chair 
    • Previous Phi Kappa Tau Fraternity, Past Social Chair, Vice President, President
    • Previous PKT Board of Governors

    Awards

    • Crain’s Cleveland Business “Forty Under 40 for 2013”
    • 2014 Cleveland Marathon Finisher
    http://www.linkedin.com/pub/troy-gerspacher-ccim/7/462/756
    https://twitter.com/TGerspacher
  • Michelle Masica

    Michelle Masica
    Real Estate Agent & Consultant
    Michelle@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    330.590.7401
    Fax: 
    330.723.6330

    Michelle Masica was born in Arkansas and moved to Medina in 1979 when her father’s work brought the family to the area. She has stayed in the north and made Medina County her home. After completing college, Michelle worked in sales and communications. When Michelle joined her husband’s business, Masica Builders, she obtained her brokers license and sold property for their real estate company, MSL Realty. In 2008, the real estate company was sold and Michelle became the Executive Director of the Wadsworth Area Chamber of Commerce. In 2011, Michelle returned to real estate as a broker with the Gerspacher Real Estate Group. Her knowledge of the county, and real estate development and sales give her clients a real advantage.

    Education

    • Bachelor of Arts in Mass Communications, Miami University, Oxford OH
    • Ohio Real Estate License, Hondros College, Akron OH
    • CCIM Coursework

    Affiliations

    • Faith in Action Board of Trustees
    • Gamma Phi Beta, Alumni Treasurer
    • Medina County Economic Development Corp.
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Leadership Medina County Graduate
    • LMC Alumni Development Committee
    • Medina County Convention and Visitors Bureau, Past President
    http://www.linkedin.com/pub/michelle-masica/8/65a/48b
    https://twitter.com/mmasica