Retail Storefront with
For Lease
$2,000/Mo
506 Broadway, Lorain, OH 44052
CommercialLease, Lorain, OH
Space SizeContact for details
Property Size4,000 SF
Lot Size0.01 Acres
Days on Market178
Property Features for 506 Broadway
General Information
Property type
Commercial Lease
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
Broadway Redev Condo
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
West Erie To Broadway
Standard status
Active
APN
02-01-004-700-001
Lot size
0.01 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
Russell Real Estate Services
(440) 282-4444
Listed By:
Denise M Rakich · License #413724
(440) 320-3611
Added: Mar 15
Changed: Aug 20
Last Checked: Sep 8 at 12:06PM
MLS# 5193489
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Investment Insights
Based on property information with market context.
This storefront property at 506 Broadway provides nearly 4,000 square feet of commercial space in a building constructed in 1900. The premises were previously operated as a clothing, uniform, and tuxedo rental shop, providing an established retail-oriented layout for a new occupant. A basement adds storage or back-of-house capacity.
The property is situated in downtown Lorain and is served by public water and public sewer. Building systems include central air conditioning and forced-air heat powered by natural gas. On-street parking is available. The space may accommodate retail sales, restaurant use, professional office occupancy, or separate sections for multiple businesses, subject to applicable approvals and leasing terms.
The property is situated in downtown Lorain and is served by public water and public sewer. Building systems include central air conditioning and forced-air heat powered by natural gas. On-street parking is available. The space may accommodate retail sales, restaurant use, professional office occupancy, or separate sections for multiple businesses, subject to applicable approvals and leasing terms.
Key Highlights
- Nearly 4,000 square feet of commercial storefront space
- Building constructed in 1900
- Basement provides additional space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 28%
Dining 24%
Electronics 9%
Save-A-Lot
Groceries
5,136 visits/mo
0.2 miles
Dollar General
Shops & Services
3,725 visits/mo
0.1 miles
SUBWAY
Dining
3,503 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
3,290 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
1,109 visits/mo
0.1 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?
Storefront property - Nearly 4,000 square feet of former specialty retail space with central air, forced-air heating, and a basement.
Where is this storefront property located?
The property is located at 506 Broadway Lorain, OH.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Nearly 4,000 square feet of commercial storefront space; Building constructed in 1900; Basement provides additional space
