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    551 N Main St Grafton, OH 44044

    New
    For Sale
    $115,000

    land - GRAFTON, OH

    Lot size:
    1.02 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 551 N Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.02 Acres

    Building Details

    Architectural style
    Other

    Coldwell Banker Schmidt Family Of Companies [email protected]

    Listing agent Christopher Frederick (440) 777-8500

    Listing date Dec 1, 2025

    MLS# 5096218 Listing URL

    Copyright © 2025 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lot Opportunity

    This expansive 1.02-acre commercial lot is situated in a prime, high-traffic location, offering significant exposure. The property is located in GRAFTON, OH. It is surrounded by established businesses and located adjacent to a newer Dollar General. The lot currently features a 3-bedroom, 2-bath home in need of extensive repairs. Utilities, including gas, water, and electric, are located at the street. This area is experiencing new commercial construction, making it suitable for retail, office, or mixed-use development.
    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
    -84.6364833
    Latitude
    40.2184941

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    FAQs

    What type of property is this?
    Commercial land - Expansive 1+ acre commercial lot in high-traffic 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 development opportunity on a 1+ acre lot.; - High-traffic, high-visibility location with unmatched exposure.; - Situated in a rapidly growing market with new commercial construction.
    (440) 777-8500
    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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