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    23889 Lorain Rd North Olmsted, OH 44070

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    For Sale
    $300,000

    2,400± SF converted home suitable for office or retail.

    Property size:
    2,400 SF
    Lot size:
    0.33 Acres

    Property Features for 23889 Lorain Rd

    General Information

    Size
    2,400 SF
    Lot size
    0.33 Acres

    Source: Global Real Estate Advisors Agent Timothy Sawicki

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Converted Home for Office/Retail

    This property features a 2,400± SF converted home suitable for office or retail use. Constructed in 1928, the building includes a 960± SF retail/office area on the first floor, which comprises four offices, a kitchen, and a restroom. The second floor offers an additional 480± SF of retail/office space with two offices. A 960± SF basement provides storage. The property is situated on a 0.33± acre lot with approximately 50’± of frontage on Lorain Rd. Zoned B1, Local Business, the building is air conditioned and provides easy access from Interstate 480. The location is on Lorain Rd, between Clague Rd and Columbia Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8861388
    Latitude
    41.4307435

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      North Olmsted Office Building For Sale

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      Retail Property with Diverse Tenants

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    FAQs

    What type of property is this?
    Retail space - 2,400± SF converted home suitable for office or retail.
    Where is this retail space located?
    The property is located at 23889 Lorain Rd North Olmsted, OH.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Converted home suitable for office/retail use with 2,400± SF total area.; - Prime location on Lorain Rd with 50’± frontage and easy access to Interstate 480.; - Zoned B1, Local Business, allowing for a variety of commercial uses.
    (440) 283-5143
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    23889 Lorain Rd North Olmsted, OH 44070
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    North Olmsted, OH 44070
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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
    23889 Lorain Rd North Olmsted, OH 44070
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