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    551 N Main St Grafton, OH 44044

    Sponsored
    For Sale
    $115,000

    COMMERCIAL - Grafton, OH

    Lot size:
    1.02 Acres
    Days on Market:
    77
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 551 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    11-00-100-101-037
    Parking features
    Paved or Surfaced
    Lot size
    1.02 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Additional Structures
    Shed(s)

    Coldwell Banker Schmidt Realty (440) 572-0220 [email protected]

    Listing agent Christopher A Frederick (216) 210-7653 License #426983

    Listing date Oct 21, 2025

    MLS# 5096218 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

    High-Visibility Commercial Lot Opportunity

    This expansive 1.02-acre commercial lot is situated in a prime location with high visibility. The property is surrounded by businesses and located adjacent to a newer Dollar General. The lot includes a 3-bedroom, 2-bath home that requires extensive repairs. The value lies primarily in the land, offering possibilities for either rehabilitating the existing structure or constructing a new commercial building. Utilities, including gas, water, and electric, are located at the street, with the buyer responsible for verifying all connections. This area is experiencing new commercial construction, making it suitable for retail, office, or mixed-use development. The property is being sold as-is. The land is easily viewable for serious inquiries.
    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
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -82.063595
    Latitude
    41.278253

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    FAQs

    What type of property is this?
    Commercial land - Prime 1+ acre commercial lot in high-traffic Grafton location.
    Where is this commercial land located?
    The property is located at 551 N Main St Grafton, OH.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Prime commercial lot in a high-traffic, high-visibility location.; - Over 1 acre of land suitable for commercial development.; - Located adjacent to a newer Dollar General, indicating established commercial viability.
    (216) 210-7653
    Request Owner's contact information
    551 N Main St Grafton, OH 44044
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    Grafton, OH 44044
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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
    551 N Main St Grafton, OH 44044
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