Mixed-Use Building with 3
1605 Broadway Lorain, OH 44052
For Sale
$140,000
SINGLE_FAMILY - Lorain, OH
Lot Size0.15 Acres
Days on Market479
Property Features for 1605 Broadway
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
APN
02-01-003-142-001
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CHAM & VAC ST 86 X 76 S/L 1-3
Tax Annual Amount
1848
Building Details
Year built
1920
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Paul Lawson · License #2022003651
(440) 787-6330
Added: Apr 7, 2025
Changed: Jun 12
Last Checked: Jul 29 at 2:06AM
MLS# 5112612
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building includes a lower level approved by the city for restaurant use and additional flexibility for other business ventures. Substantial structural work has already been completed, and blueprints have been drawn for both levels, which can help streamline project planning and redevelopment. The upper level provides three living units, with two units having some framing and plumbing already completed.
The property is located at 1605 Broadway in Lorain, Ohio (44052). The current configuration supports a two-level redevelopment approach, with the lower floor positioned for active street-level commercial use and the upper floor designed for residential occupancy.
For buyers and tenants looking for a property that can combine food-and-retail activity with on-site housing, this offering provides a ready framework to finish the project. The restaurant approval on the lower level offers a clear starting point for culinary or hospitality concepts, while the three upper units can support residential leasing once work is completed. Because structural work and initial build elements are already in place, this property may be a strong fit for an operator or owner bringing the remaining scope to completion.
The property is located at 1605 Broadway in Lorain, Ohio (44052). The current configuration supports a two-level redevelopment approach, with the lower floor positioned for active street-level commercial use and the upper floor designed for residential occupancy.
For buyers and tenants looking for a property that can combine food-and-retail activity with on-site housing, this offering provides a ready framework to finish the project. The restaurant approval on the lower level offers a clear starting point for culinary or hospitality concepts, while the three upper units can support residential leasing once work is completed. Because structural work and initial build elements are already in place, this property may be a strong fit for an operator or owner bringing the remaining scope to completion.
Key Highlights
- Landmark building in Lorain's downtown area with mixed‑use zoning, offering diverse income potential.
- Lower level approved for a restaurant, suitable for various business ventures.
- Upper level features 3 residential units, providing significant rental income potential.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - A mixed-use building featuring a restaurant-approved lower level and three upper residential units.
Where is this retail space 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: Landmark building in Lorain's downtown area with mixed‑use zoning, offering diverse income potential.; Lower level approved for a restaurant, suitable for various business ventures.; Upper level features 3 residential units, providing significant rental income potential.
