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Mixed-Use Property with Apartment
For Sale
$399,500

5370 Oberlin Ave, Lorain, OH 44053

Office space, an upper-level apartment, and separate outbuildings support multiple occupancy configurations.

Property SizeContact for details
Days on Market347

Property Features for 5370 Oberlin Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $5,997
Listing Agency: Coldwell Banker Schmidt Realty
Listed By: Christopher A Frederick · License #426983
Source: Exprealty
Added: Sep 10, 2025 Changed: Aug 21 Last Checked: Aug 21 at 1:43PM

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 Coldwell Banker Schmidt Realty

Investment Insights

Based on property information with market context.

This mixed-use property includes a main office building formerly occupied by a dentist’s practice, with a lobby, reception area, multiple exam or office rooms, kitchen space, bathrooms with a shower, and storage. The layout can accommodate either a single occupant or two separate tenants. A 2–3 bedroom apartment occupies the second floor, creating an integrated residential component within the property.

Additional improvements include a detached building formerly used as a medical lab, an attached garage, a steel garage and storage building, and a shed. The fenced lot has a refinished parking area and separate utilities. The property is located at 5370 Oberlin Ave in Lorain, OH, and has no association fees, bylaws, or restrictive rules identified in the property information.

Key Highlights

  • 2–3 bedroom second‑floor apartment within the main property
  • Main office includes lobby, reception, exam or office rooms, kitchen, bathrooms with shower, and storage
  • Detached building formerly used as a medical lab is currently rented

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Hair Salon Kitchen & Bath Showroom Dental Office

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

272
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Office space, an upper-level apartment, and separate outbuildings support multiple occupancy configurations.
Where is this mixed-use property located?
The property is located at 5370 Oberlin Ave Lorain, OH.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 2–3 bedroom second‑floor apartment within the main property; Main office includes lobby, reception, exam or office rooms, kitchen, bathrooms with shower, and storage; Detached building formerly used as a medical lab is currently rented
More about this property
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