Downtown Lorain Storefront
New
For Sale
$225,000
506 Broadway Unit 1, Lorain, OH 44052
Nearly 4,000-square-foot commercial space with flexibility for retail, restaurant, or professional office use.
Property Size3,978 SF
Price / SF$56.56
Days on Market2
Property Features for 506 Broadway Unit 1
General Information
Standard status
Active
Size
3,978 SF
Building Details
Year Built
1900
Listing Agency:
Russell Real Estate Services
Listed By:
Denise M Rakich · License #413724
(440) 282-4444
Source:
Theacclaimedrealty
Added: Sep 8
Last Checked: Sep 8 at 2:46PM
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 Russell Real Estate Services
Investment Insights
Based on property information with market context.
This 3,978-square-foot storefront property occupies a commercial building constructed in 1900. The space was previously used for clothing sales, uniform services, and tuxedo rentals, providing a retail-oriented layout with potential for a range of commercial applications.
The property is located at 506 Broadway Unit 1 in downtown Lorain, Ohio. Supported uses identified for the space include retail sales, restaurant operations, and professional office functions. The interior can also accommodate separately occupied sections for multiple businesses under one roof.
The property is located at 506 Broadway Unit 1 in downtown Lorain, Ohio. Supported uses identified for the space include retail sales, restaurant operations, and professional office functions. The interior can also accommodate separately occupied sections for multiple businesses under one roof.
Key Highlights
- 3,978 SF storefront property
- Located at 506 Broadway Unit 1 in downtown Lorain
- Commercial building constructed in 1900
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Nearly 4,000-square-foot commercial space with flexibility for retail, restaurant, or professional office use.
Where is this storefront property located?
The property is located at 506 Broadway Unit 1 Lorain, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,978 SF storefront property; Located at 506 Broadway Unit 1 in downtown Lorain; Commercial building constructed in 1900
