Mixed-Use Building with Three
For Sale
$140,000
1605 Broadway, Lorain, OH 44052
Two-level property combines a restaurant-approved commercial area with three upper-floor residential units under development.
Property SizeContact for details
Days on Market42
Property Features for 1605 Broadway
General Information
Standard status
Active
Zoning
mixed use
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Russell Real Estate Services
(440) 787-6330
Listed By:
Paul Lawson, Steven Lawson · License #2022003651
Source:
Theacclaimedrealty
Added: Jul 19
Changed: Aug 28
Last Checked: Aug 29 at 12:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1920, this two-level mixed-use property includes a commercial lower floor approved by the city for restaurant use and three residential units above. Structural improvements have already been completed, while two of the upper units include partial framing and plumbing work. Architectural plans have been prepared for both levels to guide the remaining buildout.
The property is located at 1605 Broadway in Lorain, Ohio. Its configuration combines street-level commercial space with upper-floor living areas, providing a single building with both business and residential components. The lower level may accommodate restaurant operations under its existing approval, while the upper level is arranged as three separate living units.
The property is located at 1605 Broadway in Lorain, Ohio. Its configuration combines street-level commercial space with upper-floor living areas, providing a single building with both business and residential components. The lower level may accommodate restaurant operations under its existing approval, while the upper level is arranged as three separate living units.
Key Highlights
- Mixed‑use building at 1605 Broadway, Lorain, OH 44052
- Lower level approved by the city for restaurant use
- Three upper‑level residential units
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 44052, OH
29,249
Population
13,673
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
83%
High-School Grad
9.5 sq mi
ZIP Area
3,079
Density / Sq Mi
$42,298
Median Household Income
$31,985
Median Earnings
$840
Median Rent
$104,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a restaurant-approved commercial area with three upper-floor residential units under development.
Where is this mixed-use property located?
The property is located at 1605 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Mixed‑use building at 1605 Broadway, Lorain, OH 44052; Lower level approved by the city for restaurant use; Three upper‑level residential units
