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Mixed-Use Building with Apartment

24279 Lorain Rd, North Olmsted, OH 44070

For Sale
$339,000

Retail space occupies the ground floor, with a remodeled apartment above and basement space below.

Property SizeContact for details
Days on Market29

Property Features for 24279 Lorain Rd

General Information

Standard status Active
Property subtype Commercial

Additional Details

Mixed-Use Components retail, residential

Building Details

Year Built 1938
Listing Agency: Russell Real Estate Services
Listed By: Richard Farina Jr.
Source: Northeastohiolistings
Added: Oct 10 Changed: Nov 7 Last Checked: Nov 7 at 4:07PM

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

Rey
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Investment Insights

Based on property information with market context.

This mixed-use building dates to 1938 and has retail space at street level with a remodeled apartment on the upper floor. A full basement adds storage or service area, and the building is equipped with updated electrical systems and HVAC units.

Parking includes a lot at the front of the property and a detached two-car garage. The property is located on Lorain Road in North Olmsted, Ohio.

Key Highlights

  • Ground‑floor retail space with a remodeled upper‑level apartment
  • Full basement with updated electrical systems
  • HVAC units are in place

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

New York Design Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby

Demographics for 44070, OH

32,442
Population
13,953
Households
2.3
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,773
Density / Sq Mi
$85,435
Median Household Income
$49,900
Median Earnings
$1,092
Median Rent
$202,400
Median Home Value
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Market

Properties on Market for Mixed-use properties in Cuyahoga County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail space occupies the ground floor, with a remodeled apartment above and basement space below.
Where is this mixed-use property located?
The property is located at 24279 Lorain Rd North Olmsted, OH.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Ground‑floor retail space with a remodeled upper‑level apartment; Full basement with updated electrical systems; HVAC units are in place
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