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Retail Redevelopment Parcels
For Sale
$200,000
Pending

30447 Lorain Road, North Olmsted, OH 44070

SINGLE_FAMILY - North Olmsted, OH

Property SizeContact for details
Lot Size0.69 Acres
Days on Market182

Property Features for 30447 Lorain Road

General Information

Property type Residential
Property subtype Retail
Zoning description Retail
Rooms Basement
Parking features Parking Lot, Garage
Subdivision Olmsted 06
Elementary school district North Olmsted CSD - 1820
Middle school district North Olmsted CSD - 1820
High school district North Olmsted CSD - 1820
Directions Just passed the Lorain Rd. and Barton Rd. intersection
Standard status Pending
APN 234-15-013
Lot size 0.69 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description OL 8 TWO Parcels Parcel #1: 5684.22 Parcel #2: 1634.84
Tax Annual Amount 7319
Legal Description OL 8 TWO Parcels Parcel #1: 5684.22 Parcel #2: 1634.84

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1953
Listing Agency: The Swanzer Agency
Listed By: Amanda Warner · License #2021000047
Added: Feb 17 Changed: Jul 13 Last Checked: Aug 18 at 6:06AM
MLS# 5185888

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 offering includes two general retail-zoned parcels, totaling 0.69 acres, with an existing structure that combines an office-style layout in the rear portion and a former dance studio space with a full basement in the front. A detached garage and an on-site parking lot are included. The property will require renovations or redevelopment to bring it back to productive use.

The parcels are located on Lorain Road in North Olmsted and provide convenient access to I-480. They sit along a commercial corridor described as having strong visibility and traffic.

An adjacent vacant parcel is also part of the opportunity, supporting additional development or expansion depending on the end plan.

Key Highlights

  • Two General Retail‑zoned parcels on Lorain Road in North Olmsted
  • Convenient access to I‑480 along a high‑traffic commercial corridor
  • Existing structure includes an office‑style layout in the rear and a former dance studio space in the front

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Law Firm 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.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,035
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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Two retail-zoned parcels on Lorain Road with an existing structure featuring a rear office-style layout and front studio with basement.
Where is this commercial land located?
The property is located at 30447 Lorain Road North Olmsted, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two General Retail‑zoned parcels on Lorain Road in North Olmsted; Convenient access to I‑480 along a high‑traffic commercial corridor; Existing structure includes an office‑style layout in the rear and a former dance studio space in the front
More about this property
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