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    822 Broadway Lorain, OH 44052

    For Sale
    $259,900

    Historic building, three levels, high potential.

    Property size:
    6,534 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property at 822 Broadway in Lorain, Ohio, presents a unique investment opportunity. Spanning 6,534 square feet on a 0.07-acre lot, this three-story building boasts a wealth of features. The main level features a private ceramic foyer entrance with a retractable door leading to a spacious, ceramic-tiled open floor plan. A large granite bar area, two ADA-compliant bathrooms, and a partially completed kitchen are also included. Rear building access is available. The second level offers stunning views of Broadway Avenue from a custom double door and balcony. A seating area and a large framed bar are present, with potential for additional restrooms. Access to the rear roof is also provided. The third level is ready for customization, offering significant potential for expansion or adaptation to suit various business needs. This historically significant building is ideally situated in downtown Lorain, offering convenient proximity to Lake Erie, the Black River landing, the Palace Theater, shopping, schools, and churches. The property's versatile layout and prime location make it an attractive prospect for a variety of commercial ventures. The asking price is $259,900.

    Property Features for 822 Broadway

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,534 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1916
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -82.17374
    Latitude
    41.46362

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, three levels, high potential.
    Where is this mixed-use property located?
    The property is located at 822 Broadway Lorain, OH.
    What is the asking price?
    The asking price for this property is $259,900.
    (440) 282-4444
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    822 Broadway Lorain, OH 44052
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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
    822 Broadway Lorain, OH 44052
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