Turnkey Banquet Hall and
For Sale
Contact for pricing
Pending
4489 Oberlin Ave, Lorain, OH 44053
Turnkey commercial property with banquet hall, catering, and barbershop.
Property Size12,615 SF
Days on Market186
Property Features for 4489 Oberlin Ave
General Information
Standard status
Pending
Size
12,615 SF
Property subtype
Retail, Mixed Use
Zoning
Commercial
Occupancy
100%
Building Details
Year Built
1998
Tenancy
Multi
Listing Agency:
Howard Hanna
(440) 320-6700
Listed By:
DOUG GEORGE · License #OHIO 2012002401
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Jul 24 at 5:22PM
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 Howard Hanna
Investment Insights
Based on property information with market context.
This turnkey commercial property, situated in a high-traffic location, offers a unique opportunity for entrepreneurs and investors. The property includes a turnkey banquet hall, catering business, and an income-generating barbershop. The property features dual event venues: Rose Bud, suitable for intimate gatherings, and Rosewood Place, designed for larger celebrations. Both venues are ADA approved, ensuring accessibility. A modern, updated kitchen supports both event spaces and catering operations. The property also includes a barbershop with a long-term tenant, providing consistent lease income and diversifying the revenue stream. Located in a bustling area, the property benefits from high visibility and constant exposure, enhancing business and marketing opportunities. The property's ADA compliance ensures accessibility for all patrons. The current owners concentrate on weekend business only, suggesting huge growth potential. This property presents an opportunity to acquire a business with growth potential and a secure income stream. The property size is 12,615 square feet.
Key Highlights
- Turnkey banquet hall and catering business in a high‑traffic location offers immediate income potential.
- Dual event venues (Rose Bud & Rosewood Place) cater to both small and large gatherings.
- Income‑generating barbershop provides a consistent lease income stream.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 55%
Shops & Services 45%
Big Lots
Superstores
11,409 visits/mo
0.5 miles
Dollar General
Shops & Services
7,063 visits/mo
0.1 miles
Cash America
Shops & Services
2,311 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey commercial property with banquet hall, catering, and barbershop.
Where is this mixed-use property located?
The property is located at 4489 Oberlin Ave Lorain, OH.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Turnkey banquet hall and catering business in a high‑traffic location offers immediate income potential.; Dual event venues (Rose Bud & Rosewood Place) cater to both small and large gatherings.; Income‑generating barbershop provides a consistent lease income stream.
