Three-Story Office
For Sale
$799,900
520 Broadway, Lorain, OH 44052
CommercialSale, Lorain, OH
Property Size15,000 SF
Lot Size0.14 Acres
Price / SF$53.33
Days on Market102
Property Features for 520 Broadway
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Parking
10
Parking features
Off Street
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
off broadway
Standard status
Active
APN
02-01-004-103-020
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9585
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
street-front signage visibility
full basement
lobby with tile accents
abundant windows
rear alley access
Building Details
Year built
1920
Roof type
Fiberglass, Asphalt
Listing Agency:
Coldwell Banker Schmidt Realty · Coldwell Banker Real Estate
(440) 327-2123
Listed By:
Christopher A Frederick · License #426983
(216) 210-7653
Added: May 15
Changed: Aug 20
Last Checked: Aug 24 at 2:06AM
MLS# 5202333
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.
This approximately 15,000-square-foot professional office building contains three stories, a finished lobby, elevator access, two stairwells, and a full basement used for utility and storage functions. Individual floors can be secured separately, and each level includes two restrooms. Updated air-conditioning systems, elevator improvements, a newer fiberglass and asphalt roof, central air, forced-air natural gas heating, and extensive windows support day-to-day office operations. Off-street parking is available, with public water and public sewer serving the property.
The building occupies 0.14 acres at 520 Broadway in downtown Lorain, near the Port Authority and within walking distance of the lake. Its street-facing position provides exposure along a busy downtown corridor, while access to the improved rear alley adds another point of convenience. The property is nearly fully occupied, with approximately 500 square feet currently available; existing occupants include attorneys, insurance professionals, and property management users.
The building occupies 0.14 acres at 520 Broadway in downtown Lorain, near the Port Authority and within walking distance of the lake. Its street-facing position provides exposure along a busy downtown corridor, while access to the improved rear alley adds another point of convenience. The property is nearly fully occupied, with approximately 500 square feet currently available; existing occupants include attorneys, insurance professionals, and property management users.
Key Highlights
- Approximately 15,000 SF office building on 0.14 acres
- Three‑story layout with elevator and two stairwells
- Approximately 500 SF currently available; building is nearly fully occupied
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with elevator service, adaptable floor layouts, and a full basement for storage or building utilities.
Where is this office building located?
The property is located at 520 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Approximately 15,000 SF office building on 0.14 acres; Three‑story layout with elevator and two stairwells; Approximately 500 SF currently available; building is nearly fully occupied
