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Two-Story Mixed-Use Property
For Sale
$299,000

422 Broadway, Lorain, OH 44052

The ground floor can be configured for multiple business concepts or tenants.

Property SizeContact for details
Days on Market211

Property Features for 422 Broadway

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $7,102
Listing Agency: RE/MAX Above & Beyond
Listed By: Pamela Hakaim · License #2016000717
Source: Exprealty
Added: Mar 28 Changed: Oct 23 Last Checked: Oct 23 at 6:01PM

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 RE/MAX Above & Beyond

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Investment Insights

Based on property information with market context.

This two-level property at 422 Broadway was previously used as a restaurant. Its ground floor offers a layout that can be divided among multiple business concepts or tenants. The upper floor provides additional space with potential for office, residential, meeting, conference, or studio use.

The property is in downtown Lorain’s 400 block of Broadway, with both on-street and off-street parking. Lake Erie, a hotel, and Black River Landing are described as being minutes away; the downtown district also hosts community events and waterfront attractions.

Key Highlights

  • Two‑level mixed‑use property at 422 Broadway
  • Previously operated as a restaurant
  • Ground floor can be divided for multiple business concepts or tenants

Property Analytics

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

Current Use

Union Town Provisions Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Big Box & Wholesale Store Spa & Massage Center

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

575
Businesses Nearby
18k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 38% Groceries 28% Dining 24% Electronics 9%
Save-A-Lot Groceries
5,136 visits/mo 0.2 miles
Dollar General Shops & Services
3,725 visits/mo 0.1 miles
SUBWAY Dining
3,503 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
3,290 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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 - The ground floor can be configured for multiple business concepts or tenants.
Where is this mixed-use property located?
The property is located at 422 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑level mixed‑use property at 422 Broadway; Previously operated as a restaurant; Ground floor can be divided for multiple business concepts or tenants
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