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    1845 28Th St Lorain, OH 44055

    Sponsored
    For Sale
    $350,000

    Prime Lorain location, versatile space, high visibility.

    Property size:
    4,412 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use commercial property at 1845 E 28th Street, Lorain, OH, offers 4,412 square feet on a 0.46-acre lot. Currently configured as an online auction store, this light industrially zoned building boasts a rich history as an automotive repair and towing facility, leaving behind valuable infrastructure. The existing ventilation system, ideal for businesses requiring robust air circulation, is a significant asset, complemented by pre-installed compressed air plumbing. The property includes a private office, a waiting area, and a restroom, catering to both staff and client needs. Ample secure parking is available. A substantial loft provides additional storage space. Security monitoring is in place. The property's previous use as a U-Haul business presents an opportunity for continued operation in this sector. Its central Lorain location ensures high visibility and easy access to major roadways and local amenities, making it an attractive proposition for a diverse range of businesses. The asking price is $350,000. The seller is highly motivated.

    Property Features for 1845 28Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,412 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    #1 ONLINE AUCTIONS ... Auction House #1 ONLINE AUCTIONS ... Discount Store U-Haul Neighborhood Dealer Truck Rental Agency

    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
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.13451
    Latitude
    41.44578

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Lorain location, versatile space, high visibility.
    Where is this mixed-use property located?
    The property is located at 1845 28Th St Lorain, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    (440) 526-6700
    Request Owner's contact information
    1845 28Th St Lorain, OH 44055
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    Lorain, OH 44055
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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
    1845 28Th St Lorain, OH 44055
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