Grocery-Anchored Shopping
For Sale
Contact for pricing
405 West 4th Street, Lorain, OH 44052
Established tenants and access from two streets support a walkable retail setting near downtown residences and civic offices.
Property SizeContact for details
Days on Market146
Property Features for 405 West 4th Street
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Save a Lot, Dollar General, U. S. Postal Service
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
First Place Commercial Realty, LLC
Listed By:
Victor Voinovich · License #OH BRK.0000264083
(888) 236-1435
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 2:18PM
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 First Place Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This shopping center occupies a full downtown block and is entered from both West 4th Street and West 5th Street. Save a Lot has signed a new 10-year lease covering 50% of the center, while Dollar General and the downtown Lorain U.S. Postal Service branch are identified as additional long-term occupants.
The property sits in Downtown Lorain, Ohio, within walking distance of residential properties and civic facilities, including City Hall. Its setting combines single-family and multifamily housing with government uses, and the center is approximately 40 minutes west of Downtown Cleveland.
The property sits in Downtown Lorain, Ohio, within walking distance of residential properties and civic facilities, including City Hall. Its setting combines single-family and multifamily housing with government uses, and the center is approximately 40 minutes west of Downtown Cleveland.
Key Highlights
- Save a Lot occupies 50% of the center under a new 10‑year lease
- Dollar General and the downtown Lorain U.S. Postal Service branch are long‑term tenants
- Full‑block setting with entrances from West 4th Street and West 5th Street
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 28%
Dining 24%
Electronics 9%
Save-A-Lot
Groceries
5,136 visits/mo
0.0 miles
Dollar General
Shops & Services
3,725 visits/mo
0.0 miles
SUBWAY
Dining
3,503 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
3,290 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
1,109 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Established tenants and access from two streets support a walkable retail setting near downtown residences and civic offices.
Where is this shopping center located?
The property is located at 405 West 4th Street Lorain, OH.
What are key features of this property?
This property features: Save a Lot occupies 50% of the center under a new 10‑year lease; Dollar General and the downtown Lorain U.S. Postal Service branch are long‑term tenants; Full‑block setting with entrances from West 4th Street and West 5th Street
