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    3964 Josephine St Lorain, OH 44052

    For Sale
    $275,000

    LAND - Lorain, OH

    Lot size:
    6.42 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 10 at 12:06 pm

    Property Features for 3964 Josephine St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    02-01-003-261-031
    Lot size
    6.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Ohio Broker Direct (614) 989-7215 [email protected]

    Listing agent Joan Elflein (614) 989-7215 License #386319

    Listing date Nov 6, 2025

    MLS# 5147929 Listing URL

    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

    Commercial Land in Lorain, OH

    This 6.42-acre parcel is zoned for commercial use, presenting various development opportunities. All utilities are available, and the land is fully buildable, making it suitable for commercial projects, single-family homes, multi-family residences, or a mixed-use complex. Rezoning may be possible to accommodate residential or multi-use development. This property is located in Lorain, OH, and is suited for builders and investors seeking flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.165891
    Latitude
    41.432343

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    FAQs

    What type of property is this?
    Land - 6.42-acre commercial land parcel with development potential.
    Where is this land located?
    The property is located at 3964 Josephine St Lorain, OH.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - 6.42-acre parcel zoned for commercial use with development possibilities.; - All utilities available and land is fully buildable.; - Suitable for commercial projects, single-family homes, multi-family residences, or mixed-use complex.
    (614) 989-7215
    Request Owner's contact information
    3964 Josephine St Lorain, OH 44052
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    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
    3964 Josephine St Lorain, OH 44052
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