Storefront Property with
For Lease
$2,000/Mo
506 Broadway, Lorain, OH 44052
CommercialLease, Lorain, OH
Space SizeContact for details
Lot Size0.01 Acres
Days on Market206
Property Features for 506 Broadway
General Information
Property type
Commercial Lease
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
Broadway Redev Condo
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
West Erie To Broadway
Standard status
Active
APN
02-01-004-700-001
Lot size
0.01 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
Russell Real Estate Services
(440) 282-4444
Listed By:
Denise M Rakich · License #413724
(440) 320-3611
Added: Mar 15
Changed: Sep 12
Last Checked: Oct 6 at 6:06PM
MLS# 5193489
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Lorain storefront offers nearly 4,000 square feet of commercial space and includes a basement. The property was previously operated as a clothing, uniform, and tuxedo rental shop, providing an existing retail-oriented layout for a new occupant. The space may also support restaurant, professional office, retail, or multi-operator concepts as described in the listing.
Built in 1900, the property is served by public water and public sewer. Building systems include central air conditioning and natural-gas forced-air heat. On-street parking is available, and the property is identified in the listing as being in Downtown Lorain.
Built in 1900, the property is served by public water and public sewer. Building systems include central air conditioning and natural-gas forced-air heat. On-street parking is available, and the property is identified in the listing as being in Downtown Lorain.
Key Highlights
- Nearly 4,000 square feet of commercial space
- Basement included
- Previously used for clothing, uniform, and tuxedo rental retail
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
575
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
0.2 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Former retail space with street parking, public utilities, central air, and natural-gas forced-air heating.
Where is this storefront property located?
The property is located at 506 Broadway Lorain, OH.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Nearly 4,000 square feet of commercial space; Basement included; Previously used for clothing, uniform, and tuxedo rental retail
