Mixed-Use Property with
For Sale
$700,000
45445 Us Highway 20, Oberlin, OH 44074
Fully leased property combines residential apartments, commercial space, and private laundry across a 3.25-acre site.
Days on Market26
Property Features for 45445 Us Highway 20
General Information
Standard status
Active
Listing Agency:
RE/MAX Transitions
(440) 406-7627
Listed By:
Janet L Sprecher · License #425355
(440) 406-7627
Source:
Exprealty
Added: Jul 6
Changed: Jul 31
Last Checked: Jul 31 at 6:32PM
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 Transitions
Investment Insights
Based on property information with market context.
This mixed-use property includes 14 total rental units on 3.25 acres. Ten residential units each offer 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that remain with the property. The metal roof was replaced approximately three years ago.
A 72' x 162' outbuilding with concrete floors is occupied by an established mechanic's business and provides commercial rental space. Four additional apartment units are located above the outbuilding. All residential units and the commercial space are currently leased, resulting in 100% occupancy across the property.
Access is available from Kipton Nickel Diagonal Road and U.S. Route 20. Showings require a fully executed purchase contract and a minimum of 48 hours' notice.
A 72' x 162' outbuilding with concrete floors is occupied by an established mechanic's business and provides commercial rental space. Four additional apartment units are located above the outbuilding. All residential units and the commercial space are currently leased, resulting in 100% occupancy across the property.
Access is available from Kipton Nickel Diagonal Road and U.S. Route 20. Showings require a fully executed purchase contract and a minimum of 48 hours' notice.
Key Highlights
- 14 total rental units on 3.25 acres
- 10 residential units with 2 bedrooms, 1 full bathroom, and private in‑suite laundry each
- 72' x 162' outbuilding with concrete floors
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 44074, OH
11,957
Population
4,038
Households
3
Avg Household Size
36
Median Age
43%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
235
Density / Sq Mi
$73,697
Median Household Income
$17,979
Median Earnings
$943
Median Rent
$229,000
Median Home Value
Market
Properties on Market for Mixed-use properties in Lorain County
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines residential apartments, commercial space, and private laundry across a 3.25-acre site.
Where is this mixed-use property located?
The property is located at 45445 Us Highway 20 Oberlin, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 14 total rental units on 3.25 acres; 10 residential units with 2 bedrooms, 1 full bathroom, and private in‑suite laundry each; 72' x 162' outbuilding with concrete floors
