Building Details

Building Size 2,560 SF

Year Built 1986

Construction brick

Listing Agency: The Swanzer Agency

Listed By: William M Swanzer · License #239663 Show Phone

Source: Lifestagesrealty

Added: Aug 21 Changed: Oct 26 Last Checked: Oct 26 at 2:09PM

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Investment Insights

Based on property information with market context.

At 5315 Oberlin Avenue in Lorain, this 2,560-square-foot brick office property dates to 1986 and contains two income-producing units. A new roof and a separate storage barn are additional on-site features.

The two-unit configuration combines office space with existing rental income. The property is located in Lorain, Ohio.

Key Highlights

• 2,560‑square‑foot brick office property
• Two income‑producing units
• Built in 1986

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Computer Programming & Systems Computer & Electronic Repair MF Sharbek Inc: ... Physician MF Sharbek Inc Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Building Supply HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Explore this area Business Placement

Demographics for 44053, OH

20,735

Population

9,529

Households

2.2

Avg Household Size

44

Median Age

21%

College-Educated

91%

High-School Grad

10.8 sq mi

ZIP Area

1,920

Density / Sq Mi

$65,332

Median Household Income

$43,654

Median Earnings

$827

Median Rent

$189,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two income-producing units add a rental component to this brick commercial property.

Where is this office building located?

The property is located at 5315 Oberlin Avenue Lorain, OH.

What is the asking price?

The asking price for this property is $330,000.

What are key features of this property?

This property features: 2,560‑square‑foot brick office property; Two income‑producing units; Built in 1986