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Two-Unit Brick Office Building
New
For Sale
$330,000

5315 Oberlin Avenue, Lorain, OH 44053

CommercialSale, Lorain, OH

Property SizeContact for details
Lot Size0.42 Acres
Days on Market2

Property Features for 5315 Oberlin Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Commercial
Subdivision Black River 01
Elementary school district Lorain CSD - 4709
Middle school district Lorain CSD - 4709
High school district Lorain CSD - 4709
Directions Cooper Foster to Oberlin Ave.
Standard status Active
APN 02-01-008-101-208
Lot size 0.42 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TR1 OL8
Tax Annual Amount 6600
Legal Description TR1 OL8

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 1986
Listing Agency: The Swanzer Agency
Listed By: William M Swanzer · License #239663
Added: Aug 21 Last Checked: Aug 22 at 6:06AM
MLS# 5238406

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.

Built in 1986, this brick office property contains two units configured for separate occupancy. The existing setup supports an owner-user arrangement while retaining income from the additional unit. A new roof and separate storage barn add useful functional improvements beyond the main building.

The property occupies 0.42 acres at 5315 Oberlin Avenue in Lorain, Ohio. Building systems include forced-air, natural-gas heating and central air conditioning. The detached barn provides additional storage or workspace potential for the property’s occupants.

Key Highlights

  • Two‑unit office property suitable for separate occupancy
  • Solid brick building constructed in 1986
  • New roof

Property Analytics

Current Use

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

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Auto Parts Store Parking Lot & Garage Furniture & Home Goods

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

Lease Details

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

292
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Brick construction, a new roof, and detached storage support flexible owner-user occupancy with rental income in place.
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: Two‑unit office property suitable for separate occupancy; Solid brick building constructed in 1986; New roof
More about this property
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