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    697 Main St Grafton, OH 44044

    For Sale
    $589,900

    6.75 Acres, High Visibility, Multi-Use Potential

    Property size:
    6,380 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6.75-acre commercial property in Grafton, Ohio, presents a remarkable investment opportunity. Boasting over 1,500 feet of frontage along Main Street, Parsons Road, and McAlpin Court, this strategically located site enjoys high traffic visibility on Route 57 (North Main Street). Its prime position, south of the I-480/Rt 10/Rt 20/Rt 82 interchange, provides easy access to major highways including the Ohio Turnpike (I-80), I-90, and I-71, ensuring excellent connectivity. The property's 6,380 square feet of buildable space is ideally suited for a diverse range of commercial ventures, including a gas/fuel service station, mini-mart, shopping plaza, recreation center, or automobile sales facility. Its location between Grafton's downtown and business district makes it a true gateway property. The surrounding area offers a robust infrastructure and demographics, with nearby restaurants, a recreation center, auto parts stores, and a grocery store. This central Lorain County location provides convenient access to Lagrange, Wellington, Oberlin, and Elyria. An additional 1.2 acres of land, directly across the street on Route 57, is available for separate purchase. The property is situated within the C-B Central Business District.

    Property Features for 697 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,380 SF
    Lot Size
    294,030 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -82.06133
    Latitude
    41.2754

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    FAQs

    What type of property is this?
    Commercial real estate - 6.75 Acres, High Visibility, Multi-Use Potential
    Where is this commercial real estate located?
    The property is located at 697 Main St Grafton, OH.
    What is the asking price?
    The asking price for this property is $589,900.
    (440) 985-7653
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    697 Main St 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
    697 Main St Grafton, OH 44044
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