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    5360 Oberlin Ave Lorain, OH 44053

    For Sale
    Contact for pricing

    Six-unit commercial building in Lorain, OH, for sale at auction.

    Property size:
    3,920 SF
    Lot size:
    0.16 Acres

    Property Features for 5360 Oberlin Ave

    General Information

    Size
    3,920 SF
    Lot size
    0.16 Acres

    Source: Harbor Realty - Ashtabula Office Agent Listing Contact

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

    Overview

    Commercial Building Auction Opportunity

    This is an investment opportunity to acquire a six-unit commercial building zoned B-2 Commercial Business, located in Lorain, Ohio. The property will be sold at an absolute auction, with both online and on-site bidding options available. Online bidding commences on Tuesday, September 23, 2025, at 12:00 PM, followed by a live on-site auction on Friday, September 26, 2025, at 12:00 PM. The mixed-use commercial condo complex comprises six deeded condo spaces that have been converted into one interconnected space. Previously, the building was used as a restaurant and bar, featuring multiple dining areas, a kitchen, a bar, and two restrooms. The building has six separate electric meters, gas forced air heat, and central air conditioning. Constructed in 1990, the brick and vinyl-sided building offers approximately 3,920 total square feet and includes a paved parking area. The property is adaptable for many uses and benefits from public utilities. The half-year taxes are $1,752.10. The building will be open for viewing on the auction day, starting at 10:30 AM.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    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
    -82.186233
    Latitude
    41.419569

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    FAQs

    What type of property is this?
    Bar - Six-unit commercial building in Lorain, OH, for sale at auction.
    Where is this bar located?
    The property is located at 5360 Oberlin Ave Lorain, OH.
    What are key features of this property?
    This property features: - Investment opportunity: 6-unit commercial building in Lorain, OH, offering income potential.; - Zoned B-2 Commercial Business: Suitable for a wide range of business ventures.; - Adaptable 3,920 sq. ft. space: Previously a restaurant and bar, the building can be modified for various uses.
    (440) 964-7142
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    5360 Oberlin Ave Lorain, OH 44053
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    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
    5360 Oberlin Ave Lorain, OH 44053
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