Downtown Retail
For Sale
$185,000
506 Broadway, Lorain, OH 44052
CommercialSale, Lorain, OH
Property Size4,000 SF
Lot Size0.01 Acres
Price / SF$46.25
Days on Market183
Property Features for 506 Broadway
General Information
Property type
Commercial Sale
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
Taxes and HOA fees
Tax Year
2025
Tax Description
60.63 assessment included in taxes for streetscape.
Tax Annual Amount
3267
Legal Description
60.63 assessment included in taxes for streetscape.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
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: Sep 13 at 11:06AM
MLS# 5193492
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.
Located at 506 Broadway in Lorain, this commercial storefront dates to 1900 and was previously used for clothing, uniform, and tuxedo rental sales. The property includes a basement and offers a ground-level retail format adaptable to a variety of commercial operations.
Building systems include central air conditioning and forced-air heating powered by natural gas. Public water and public sewer serve the property, while parking is available on the street. The downtown Lorain setting places the storefront within an established urban commercial area.
Building systems include central air conditioning and forced-air heating powered by natural gas. Public water and public sewer serve the property, while parking is available on the street. The downtown Lorain setting places the storefront within an established urban commercial area.
Key Highlights
- Storefront property at 506 Broadway, Lorain, OH 44052
- Previously used for clothing, uniform, and tuxedo rental sales
- 1900 construction year
Property Analytics
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Current Use
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 - The building includes a basement, central air, natural-gas forced-air heat, and on-street parking.
Where is this storefront property located?
The property is located at 506 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Storefront property at 506 Broadway, Lorain, OH 44052; Previously used for clothing, uniform, and tuxedo rental sales; 1900 construction year
