Building Details

Year Built 2000

Buildings 1

Listing Agency: Hanna Commercial Real Estate Cleveland Show Phone

Listed By: Cheng-Han Yu · License #OH SAL.2016000980

Source: Crexi

Added: Mar 19 Changed: Aug 22 Last Checked: Aug 23 at 3:38PM

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Investment Insights

Based on property information with market context.

This 2,054 SF medical office building is located in Downtown Lorain. It features central HVAC and a private parking lot. The building is suited for community services, healthcare providers, and mission-driven organizations.

Key Highlights

• 2,054 SF medical office building
• Located in Downtown Lorain
• Equipped with central HVAC

Property Analytics

Property Profile

Current Use

The LCADA Way Medical Clinic

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Hair Salon Furniture & Home Goods

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

327

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44052, OH

29,249

Population

13,673

Households

2.1

Avg Household Size

37

Median Age

12%

College-Educated

83%

High-School Grad

9.5 sq mi

ZIP Area

3,079

Density / Sq Mi

$42,298

Median Household Income

$31,985

Median Earnings

$840

Median Rent

$104,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - 2,054 SF medical office building in Downtown Lorain.

Where is this medical office space located?

The property is located at 305 W 20th St Lorain, OH.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: 2,054 SF medical office building; Located in Downtown Lorain; Equipped with central HVAC