1820 Iowa Ave, Lorain, OH 44052
39,214 SF industrial building available in Lorain, Ohio.
- Added:
- Feb 19, 2026
- Days on Market:
- 134
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1820 Iowa Ave
General Information
- Standard status
- Active
- Size
- 39,214 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1960
Listing office JLL - Cleveland, Ohio
Listing date Feb 19, 2026
Source Crexi
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 JLL - Cleveland, Ohio
HighLights
- 39,214 SF Industrial Building for sale
- Located in Lorain, OH
- Industrial Building
- Built in 1960
- Price: 1,850,000
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.0k | $5.61 |
| − Vacancy | −$8.4k | −$0.21 |
| EGI | $211.6k | $5.40 |
| − OpEx | −$63.5k | −$1.62 |
| NOI | $148.1k | $3.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.159662
- Latitude
- 41.463463
