Three-Story Professional Office
For Sale
$799,900
520 Broadway, Lorain, OH 44052
CommercialSale, Lorain, OH
Property Size15,000 SF
Lot Size0.14 Acres
Price / SF$53.33
Days on Market99
Property Features for 520 Broadway
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Parking
10
Parking features
Off Street
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
off broadway
Standard status
Active
APN
02-01-004-103-020
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9585
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Roof type
Fiberglass, Asphalt
Listing Agency:
Coldwell Banker Schmidt Realty · Coldwell Banker Real Estate
(440) 327-2123
Listed By:
Christopher A Frederick · License #426983
(216) 210-7653
Added: May 15
Changed: Aug 20
Last Checked: Aug 21 at 10:06AM
MLS# 5202333
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.
Established, exceptionally well-maintained three-story professional office building on a 0.14-acre lot. The building is approximately 15,000 sq ft per owner and is nearly fully occupied, with only approximately 500 sq ft currently available. Elevator access allows the ability to lock off individual floors, and there are two stairwells. The full basement provides additional utility and storage space. Each floor includes two restrooms, and the suites offer flexibility for a variety of business uses.
Heating is forced air with natural gas, and the building has central air conditioning. Off-street parking is available. The property is served by public water and public sewer, and it features an asphalt and fiberglass roof. The lobby has been upgraded with tile accents.
Recent improvements include a newer roof, updated air conditioning systems, and elevator updates. Exterior access includes a newly beautified rear alley. The building was constructed in 1920 and includes abundant windows for natural light. Current occupants include established attorneys, insurance professionals, and property management.
Heating is forced air with natural gas, and the building has central air conditioning. Off-street parking is available. The property is served by public water and public sewer, and it features an asphalt and fiberglass roof. The lobby has been upgraded with tile accents.
Recent improvements include a newer roof, updated air conditioning systems, and elevator updates. Exterior access includes a newly beautified rear alley. The building was constructed in 1920 and includes abundant windows for natural light. Current occupants include established attorneys, insurance professionals, and property management.
Key Highlights
- Approximately 15,000 sq ft office building, nearly fully occupied with approximately 500 sq ft currently available
- 0.14‑acre lot with three‑story elevator‑served layout and ability to lock off individual floors
- Two stairwells plus a full basement for additional utility and storage
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with elevator access, lockable floor options, and off-street parking on a 0.14-acre lot.
Where is this office building located?
The property is located at 520 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Approximately 15,000 sq ft office building, nearly fully occupied with approximately 500 sq ft currently available; 0.14‑acre lot with three‑story elevator‑served layout and ability to lock off individual floors; Two stairwells plus a full basement for additional utility and storage
