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    1605 Broadway Lorain, OH 44052

    For Sale
    $140,000

    SINGLE_FAMILY - Lorain, OH

    Type:Retail
    Lot size:
    0.15 Acres
    Days on Market:
    216
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 1605 Broadway

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    02-01-003-142-001
    Lot size
    0.15 Acres

    Building Details

    Year built
    1920

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Paul Lawson (440) 787-6330 License #2022003651

    Listing date May 14, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lorain Mixed-Use Landmark Building

    This landmark building, formerly the Broadway Feed and Pet Supply, is located in Lorain. It has been recently rezoned for mixed-use, offering income potential. The lower level is approved for a restaurant and suitable for other business ventures. Structural work has been performed. The upper level features three units of living space. Two of the units have some framing and plumbing complete. Blueprints have been drawn for both levels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.167089
    Latitude
    41.456961

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    FAQs

    What type of property is this?
    Retail space - Mixed-use building with retail and residential income potential.
    Where is this retail space located?
    The property is located at 1605 Broadway Lorain, OH.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Landmark building in Lorain's downtown area with mixed-use zoning, offering diverse income potential.; - Lower level approved for a restaurant, suitable for various business ventures.; - Upper level features 3 residential units, providing significant rental income potential.
    (440) 787-6330
    Request Owner's contact information
    1605 Broadway Lorain, OH 44052
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1605 Broadway Lorain, OH 44052
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