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    1604 Kansas Ave Lorain, OH 44052

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    For Sale
    $285,000

    Two buildings on a 3.31 AC development site.

    Property size:
    2,977 SF
    Lot size:
    0.55 Acres

    Property Features for 1604 Kansas Ave

    General Information

    Size
    2,977 SF
    Lot size
    0.55 Acres

    Source: CBRE | Cleveland Agent Kevin Moss

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

    Overview

    Lorain Commercial Buildings For Sale

    Available for purchase are two buildings, including a 2,977 square foot former bank building with a drive-thru, and a 35,559 square foot main building, situated on a 3.31-acre development site. The main building features two sections: an 18,613 square foot area formerly used as a grocery store and currently configured as 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 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 located minutes from downtown Lorain, in a dense market with a population of 50,400 within a 3-mile radius and an annual population growth of 0.4%. The Lorain Metro Housing Authority HQ will be relocating to downtown Lorain in 2025.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    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 - Two buildings on a 3.31 AC development site.
    Where is this warehouse located?
    The property is located at 1604 Kansas Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Vacant Lorain Metro Housing Authority HQ in ‘25: Opportunity for immediate occupancy/redevelopment.; - Large 35,559 SF Main Building: Substantial space suitable for various uses.; - 3.31 AC Total Development Site: Significant land area for expansion or additional development.
    (216) 577-1517
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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
    1604 Kansas Ave Lorain, OH 44052
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