Corner Lot Restaurant with
For Sale
Contact for pricing
1700 E 31st St, Lorain, OH 44055
Retail restaurant with apartment and full basement on corner lot.
Property Size2,928 SF
Price / SF$54.64
Days on Market186
Property Features for 1700 E 31st St
General Information
Standard status
Active
Size
2,928 SF
Property subtype
Retail
Zoning
Retail
Occupancy
100%
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Howard Hanna
(440) 320-6700
Listed By:
DOUG GEORGE · License #OHIO 2012002401
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 11 at 6:08PM
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 Howard Hanna
Investment Insights
Based on property information with market context.
This property features a retail restaurant operating on a month-to-month basis on the first floor, designed in a Spanish style and equipped for carry-out service. A full basement is located beneath the restaurant. The upper level contains a four-bedroom apartment with one bathroom, and includes new electric baseboard heating and a balcony. Situated on a large corner lot, the property also includes a partially fenced area and a garage. The building is positioned at the corner of East 31st Street and Globe Avenue, with a North/South orientation on Pearl Avenue and West orientation on East 31st Street. The total property size is 2928 square feet. The property is currently used as a restaurant and residential income property.
Key Highlights
- Retail restaurant business included (carry out).
- Four‑bedroom apartment upstairs.
- Corner lot location.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44055, OH
19,331
Population
9,258
Households
2.1
Avg Household Size
36
Median Age
10%
College-Educated
82%
High-School Grad
6.3 sq mi
ZIP Area
3,068
Density / Sq Mi
$36,603
Median Household Income
$30,631
Median Earnings
$848
Median Rent
$95,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Retail restaurant with apartment and full basement on corner lot.
Where is this conventional restaurant located?
The property is located at 1700 E 31st St Lorain, OH.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Retail restaurant business included (carry out).; Four‑bedroom apartment upstairs.; Corner lot location.
