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    2343 N Ridge Rd E Lorain, OH 44055

    For Sale
    Contact for pricing

    Commercial land suitable for various business ventures, great location.

    Lot size:
    0.14 Acres

    Property Features for 2343 N Ridge Rd E

    General Information

    Lot size
    0.14 Acres

    Source: Russell Real Estate Services | North Ridgeville Agent Nancy Lynne Mullins

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

    Overview

    Commercial Land Opportunity Available

    This commercial land presents an opportunity for various business ventures. Its location is suitable for a small business, food truck, car wash, or ice cream stand, especially given its proximity to a school.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy 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
    -82.11577
    Latitude
    41.419254

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    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for various business ventures, great location.
    Where is this commercial land located?
    The property is located at 2343 N Ridge Rd E Lorain, OH.
    What is the asking price?
    The asking price for this property is $22,350.
    What are key features of this property?
    This property features: - Terrific location.; - Suitable for small business/food truck.; - Suitable for car wash.
    (440) 829-5419
    Request Owner's contact information
    2343 N Ridge Rd E 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
    2343 N Ridge Rd E Lorain, OH 44055
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