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Mixed-Use Property with Apartment

5370 Oberlin Avenue, Lorain, OH 44053

For Sale
$329,500

The main office includes reception, multiple workrooms, kitchen space, and bathrooms with a shower.

Property Size4,863 SF
Days on Market20

Property Features for 5370 Oberlin Avenue

General Information

Standard status Active
Size 4,863 SF

Additional Details

Condition Move-in Ready
Utilities to Site Yes
Tenant in Place Yes
Property Use Medical Office

Taxes and HOA fees

Annual Taxes $5,997

Amenities

true
false
Fenced
Public
0.55
15
Public Records
Attached,Detached,Garage,Parking Lot
Slab
4863
2

Building Details

Building Size 4,863 SF
Year Built 1975
Stories 2
Listing Agency: Coldwell Banker Schmidt Realty
Listed By: Patrick Lucey
Source: Karenullomrealty
Added: Oct 21 Changed: Nov 3 Last Checked: Nov 8 at 8:34AM

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

Rey
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Investment Insights

Based on property information with market context.

The property combines office space with a second-floor apartment configured for 2–3 bedrooms. The main office includes a lobby, reception area, multiple exam or office rooms, kitchen space, bathrooms with a shower, and storage. Built in 1975, the property also has an attached garage, a steel garage and storage building, and a shed.

A detached building, previously used as a medical lab, is currently rented. The fenced lot includes a refinished parking area, and the utilities are separate. The property is located at 5370 Oberlin Avenue in Lorain, Ohio.

Key Highlights

  • Second‑floor apartment offers a 2–3 bedroom configuration
  • Main office has a lobby, reception, multiple exam or office rooms, kitchen space, and bathrooms with a shower
  • Detached building previously used as a medical lab is currently rented

Property Analytics

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

Lease Details

Yes
Utilities to site

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - The main office includes reception, multiple workrooms, kitchen space, and bathrooms with a shower.
Where is this mixed-use property located?
The property is located at 5370 Oberlin Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $329,500.
What are key features of this property?
This property features: Second‑floor apartment offers a 2–3 bedroom configuration; Main office has a lobby, reception, multiple exam or office rooms, kitchen space, and bathrooms with a shower; Detached building previously used as a medical lab is currently rented
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