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    2853 Grove Ave Lorain, OH 44055

    For Lease
    Contact for pricing

    Freestanding 11,312 SF building, high traffic, strong sales history.

    Property size:
    11,312 SF
    Lot size:
    1.14 Acres

    Property Features for 2853 Grove Ave

    General Information

    Size
    11,312 SF
    Lot size
    1.14 Acres

    Source: Hanna Commercial Real Estate | Cleveland Agent Vincenzo Calabrese

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

    Overview

    Former Rite Aid Retail Building

    This is a freestanding 11,312 square foot building that was formerly a Rite Aid. The location benefits from high traffic volume, with over 14,500 vehicles per day at the corner of Grove Avenue and East 28th Street. The surrounding area has a residential population of over 17,000 people within a 2-mile radius. The property is located less than 3 miles from both Interstate 90 and Interstate 80. The previous tenant, Rite Aid, historically experienced strong sales at this location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ashley J. Kenzik, ... Pharmacy Neil Messerly, RPH Pharmacy Rite Aid Drug Store Rite Aid Photo Photo Lab Western Union Money Transfer Service

    Suggested Use

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

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

    Similar Places Nearby

    Rite Aid Pharmacy, Ashley J. Kenzik, PharmD, Neil Messerly, RPH

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.119558
    Latitude
    41.444258

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    FAQs

    What type of property is this?
    Drug store - Freestanding 11,312 SF building, high traffic, strong sales history.
    Where is this drug store located?
    The property is located at 2853 Grove Ave Lorain, OH.
    What are key features of this property?
    This property features: - Freestanding 11,312 SF Former Rite Aid Building; - Over 14,500 VPD at the corner of Grove Ave & E 28th St; - Less than 3 miles away from I-90 and I-80
    (216) 861-5286
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    2853 Grove Ave 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
    2853 Grove Ave Lorain, OH 44055
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