Restaurant and Real Estate
For Sale
$350,000
2812 W Erie Ave, Lorain, OH 44053
Acquire an operating restaurant plus the underlying property at 2812 West Erie Ave, Lorain.
Property Size5,456 SF
Price / SF$64.15
Days on Market81
Property Features for 2812 W Erie Ave
General Information
Standard status
Active
Size
5,456 SF
Building Details
Year Built
1955
Listing Agency:
The Swanzer Agency
Listed By:
William M Swanzer
Source:
Homesinneohio
Added: Jun 22
Changed: Sep 8
Last Checked: Sep 9 at 8:54PM
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 The Swanzer Agency
Investment Insights
Based on property information with market context.
This offering includes both an operating restaurant and the underlying real estate. Chris’ Restaurant has served Lorain County families for more than 60 years, with the business originally established in 1964 and operating from its West Erie Avenue location since 1981. The property is approximately 4,000 square feet, providing a dedicated restaurant setting for an owner-operator or a buyer looking to continue established operations.
The restaurant is located at 2812 West Erie Ave in Lorain, Ohio. As described in the public remarks, the site benefits from longstanding community recognition associated with the business’s multi-decade presence at this address.
For buyers and investors, this is a turn-key concept in the sense that the opportunity is to purchase both the operating restaurant and the real estate together, rather than leasing a location. That combination can be especially appealing to an owner-operator seeking continuity with an established food-and-dining operation, or to a buyer who prefers to control the property while maintaining restaurant use. The current offering price is $375,000.
The restaurant is located at 2812 West Erie Ave in Lorain, Ohio. As described in the public remarks, the site benefits from longstanding community recognition associated with the business’s multi-decade presence at this address.
For buyers and investors, this is a turn-key concept in the sense that the opportunity is to purchase both the operating restaurant and the real estate together, rather than leasing a location. That combination can be especially appealing to an owner-operator seeking continuity with an established food-and-dining operation, or to a buyer who prefers to control the property while maintaining restaurant use. The current offering price is $375,000.
Key Highlights
- Operating restaurant for acquisition plus the underlying property
- Chris' Restaurant established in 1964
- Operating from 2812 West Erie Ave, Lorain since 1981
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44053, OH
20,735
Population
9,529
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
10.8 sq mi
ZIP Area
1,920
Density / Sq Mi
$65,332
Median Household Income
$43,654
Median Earnings
$827
Median Rent
$189,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Acquire an operating restaurant plus the underlying property at 2812 West Erie Ave, Lorain.
Where is this conventional restaurant located?
The property is located at 2812 W Erie Ave Lorain, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Operating restaurant for acquisition plus the underlying property; Chris' Restaurant established in 1964; Operating from 2812 West Erie Ave, Lorain since 1981
