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    1600 Kansas Ave Lorain, OH 44052

    For Sale
    $1,700,000

    35,559 SF main building and 2,977 SF bank building for sale.

    Property size:
    35,559 SF
    Lot size:
    2.46 Acres

    Property Features for 1600 Kansas Ave

    General Information

    Size
    35,559 SF
    Lot size
    2.46 Acres

    Source: CBRE | Cleveland Agent Kevin Moss

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

    Overview

    Lorain Industrial/Office Development Opportunity

    For sale is a property featuring a 35,559-square-foot main building and a 2,977-square-foot former bank building with a drive-thru. The total development site spans 3.31 acres. The main building is comprised of two sections: an 18,613-square-foot area that formerly housed a grocery store and is currently office space, and a 16,946-square-foot high-bay warehouse with an 18-foot clearance. The warehouse includes three loading areas with 15-foot-tall receiving doors located at the front and rear, and features a 74-foot-wide clear space. The main building is zoned I-1 Light Industrial, while the bank building is zoned B-2 General Commercial. The property is positioned minutes from downtown Lorain, in a dense market of 50,400 people in a 3 mile radius with .4% annual population growth. The main building is available for $1,700,000 and the bank building is available for $285,000. The Lorain Metro Housing Authority HQ will be relocating to downtown Lorain in 2025, making the property soon to be vacant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lorain Metropolitan Housing ... Housing Authority

    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.

    Similar Places Nearby

    Carmeuse Lorain Dock Operation

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1770327
    Latitude
    41.4641052

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    FAQs

    What type of property is this?
    Warehouse - 35,559 SF main building and 2,977 SF bank building for sale.
    Where is this warehouse located?
    The property is located at 1600 Kansas Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Vacant Lorain Metro Housing Authority HQ (LMHA) available in '25, offering immediate occupancy and redevelopment potential.; - Substantial 35,559 SF main building with office space and a **high-bay warehouse (16,946 SF with 18’ clearance and 3 loading areas)**.; - Large 3.31 AC development site with a main building and a 2,977 SF former bank building with a drive-thru.
    (216) 577-1517
    Request Owner's contact information
    1600 Kansas 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
    1600 Kansas Ave Lorain, OH 44052
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