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    4645 Oberlin Ave Lorain, OH 44053

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    For Sale
    $469,000

    Mixed-use property featuring office, apartments, and warehouses.

    Property size:
    7,466 SF
    Lot size:
    1.85 Acres

    Property Features for 4645 Oberlin Ave

    General Information

    Size
    7,466 SF
    Lot size
    1.85 Acres

    Source: Hanna Commercial Real Estate | Cleveland Agent Gregory B. West

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

    Overview

    Mixed-Use Investment Property For Sale

    This mixed-use investment property includes approximately 1,750 square feet of office space available for an owner-user. The property also features seven fully leased apartments and fully leased warehouses. The property size is 7,466 square feet and the lot size is 1.85 acres.
    Location Intelligence

    Current Use by Public Records

    Murello Incorporated Property Management Company

    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
    -82.1843395
    Latitude
    41.4277965

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring office, apartments, and warehouses.
    Where is this mixed-use property located?
    The property is located at 4645 Oberlin Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: - 1.85 Acres of land; - Seven fully leased apartments on site, providing steady income; - Fully leased warehouses on site
    (216) 861-7200
    Request Owner's contact information
    4645 Oberlin Ave Lorain, OH 44053
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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
    4645 Oberlin Ave Lorain, OH 44053
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