Downtown Lorain Professional Office
520 Broadway, Lorain, OH 44052
New
SINGLE_FAMILY - Lorain, OH
Type:Office
Property size:
15,000 SFLot size:
0.14 AcresPrice / SF:
$53/SF- Added:
- May 15, 2026
- Days on Market:
- 2
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 520 Broadway
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking
- 10
- Parking features
- Off Street
- Standard status
- Active
- APN
- 02-01-004-103-020
- Size
- 15,000 SF
- 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
- Asphalt, Fiberglass
Listing agent Christopher A Frederick License #426983 (216) 210-7653
Listing office Coldwell Banker Schmidt Realty 32648 Center Ridge Road, Strongsville, OH (440) 327-2123
Listing date May 15, 2026
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.
HighLights
- Prime downtown location in the heart of the revitalization and entertainment district, offering unmatched accessibility and exposure.
- Exceptionally well‑maintained 3‑story professional office building with pride of ownership evident throughout.
- Nearly fully occupied with stable tenancy, providing immediate income potential.
- Recent improvements including a newer roof, updated air conditioning systems, and elevator updates.
- Flexible occupancy options for owner‑users or investors on the upper floors.
- Elevator access with floor lock‑off capability, two stairwells, and a full basement for utility/storage.
Overview
This established and exceptionally well-maintained 3-story professional office building is located in a prime downtown location at the center of the city's revitalization and entertainment district. The approximately 15,000 sq ft building is nearly fully occupied with only approximately 500 sq ft currently available. Positioned on a highly visible, busy street, the property is just steps from the Port Authority and within walking distance to the lake, offering accessibility and exposure in the heart of downtown activity and city celebrations. The building is surrounded by ongoing redevelopment and upscale entertainment venues. It features a beautiful exterior, excellent street-front signage visibility, elevator access with the ability to lock off individual floors, two stairwells, and a full basement for additional utility and storage. The lobby has been upgraded with tile accents. Each floor includes two restrooms, and the spacious office suites offer flexibility for a variety of business uses. Current occupants include established attorneys, insurance professionals, and property management. The upper two floors offer flexible occupancy options for potential owner-users or investors, while the first floor remains leased with stable tenancy in place. Additional improvements include a newer roof, updated air conditioning systems, elevator updates, and abundant windows providing natural light throughout. Access to the newly beautified rear alley enhances convenience and appeal. The property sits on a 0.14-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Riley, Resar & Associates, ...
Law Firm
FireFish Arts
Theater & Performing Art Venue
LaVeck Law, LLC
Law Firm
Lorain County Democratic ...
Corporate Office
The Liberty Company Insurance ...
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.176198
- Latitude
- 41.466298
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-maintained office building in Lorain's revitalization district.
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: Prime downtown location in the heart of the revitalization and entertainment district, offering unmatched accessibility and exposure.; Exceptionally well‑maintained 3‑story professional office building with pride of ownership evident throughout.; Nearly fully occupied with stable tenancy, providing immediate income potential.
