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    2253 Colorado Ave Lorain, OH 44052

    For Sale
    Contact for pricing

    Commercial land with high visibility and close to national retailers.

    Lot size:
    2.99 Acres

    Property Features for 2253 Colorado Ave

    General Information

    Lot size
    2.99 Acres

    Source: NAI Pleasant Valley - Independence Agent Deborah Maggard

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

    Overview

    Commercial Land Near Downtown Lorain

    This commercial land is located minutes from Downtown Lorain and offers strong visibility with approximately 350 feet of frontage along Colorado Ave, which sees a traffic volume of 15,025 vehicles per day. Zoned B-2 General Commercial, the site is suitable for a variety of uses, particularly retail and Quick Service Restaurants (QSR). The property is in close proximity to national retailers and adjacent to a growing residential area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zoltan C. Laszlo, ... Pharmacy Pharmacy Pharmacy Discount Drug Mart ... Deli Western Union Money Transfer Service Amazon Locker - Major Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.146136
    Latitude
    41.465576

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility and close to national retailers.
    Where is this commercial land located?
    The property is located at 2253 Colorado Ave Lorain, OH.
    What are key features of this property?
    This property features: - High-visibility location with ~350 feet of frontage on Colorado Ave (15,025 VPD).; - Zoned B-2 General Commercial, suitable for diverse business applications.; - Minutes from Downtown Lorain.
    (216) 496-3777
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    2253 Colorado Ave Lorain, OH 44052
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    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
    2253 Colorado Ave Lorain, OH 44052
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