Mixed-Use Building With 3
For Sale
$140,000
1605 Broadway, Lorain, OH 44052
CommercialSale, Lorain, OH
Property SizeContact for details
Lot Size0.15 Acres
Days on Market517
Property Features for 1605 Broadway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Multi-Family
Subdivision
Chamberlains Add 01
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
On Broadway, next to Gyro House
Standard status
Active
APN
02-01-003-142-001
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CHAM & VAC ST 86 X 76 S/L 1-3
Tax Annual Amount
1848
Legal Description
CHAM & VAC ST 86 X 76 S/L 1-3
Building Details
Year built
1920
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Paul Lawson · License #2022003651
(440) 787-6330
Added: Apr 7, 2025
Changed: Aug 20
Last Checked: Sep 5 at 9:06PM
MLS# 5112612
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located at 1605 Broadway in Lorain, this 1920-built mixed-use property combines a commercial lower level with three upper-level living units. The lower floor has city approval for restaurant use, while the upper portion is configured for residential occupancy. Structural work has been completed in portions of the building, and two of the upper units include some finished framing and plumbing.
Blueprints have been prepared for both levels, providing documented plans for the remaining work. The property sits on approximately 0.15 acres in downtown Lorain and was recently rezoned for mixed-use purposes. Its existing layout brings together street-level commercial space and multiple residential units within one building.
Blueprints have been prepared for both levels, providing documented plans for the remaining work. The property sits on approximately 0.15 acres in downtown Lorain and was recently rezoned for mixed-use purposes. Its existing layout brings together street-level commercial space and multiple residential units within one building.
Key Highlights
- Lower level approved by the city for restaurant use
- Three upper‑level living units
- Two upper units include some completed framing and plumbing
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Advance Auto Parts
Shops & Services
3,204 visits/mo
0.3 miles
Family Dollar
Shops & Services
2,597 visits/mo
0.2 miles
Tuffy Tire & Auto Service
Shops & Services
432 visits/mo
0.2 miles
Demographics for 44052, OH
29,249
Population
13,673
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
83%
High-School Grad
9.5 sq mi
ZIP Area
3,079
Density / Sq Mi
$42,298
Median Household Income
$31,985
Median Earnings
$840
Median Rent
$104,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use zoning accommodates a lower-level commercial space and upper-level residential units.
Where is this mixed-use property 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: Lower level approved by the city for restaurant use; Three upper‑level living units; Two upper units include some completed framing and plumbing
