Historic Four-Story Mixed-Use
New
For Sale
Contact for pricing
577 Broadway, Lorain, OH 44052
National Register-listed building with two ground-floor suites and open upper floors suited to redevelopment or adaptive reuse.
Property Size38,425 SF
Price / SF$18.22
Days on Market7
Property Features for 577 Broadway
General Information
Standard status
Active
Size
38,425 SF
Elevators
Yes
Property subtype
Retail, Office
Zoning
Mixed Use
Property Condition
Severity
Repairs Needed
Evidence
ready for a fix-up
Building Details
Year Built
1924
Buildings
1
Stories
4
Units
4
Construction
Neoclassical
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty Mason
Listed By:
David Mussari · License #BRKP.2007001761
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Sep 1 at 2:50AM
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 Berkshire Hathaway HomeServices Professional Realty Mason
Investment Insights
Based on property information with market context.
The Eagles Building is a 38,425-square-foot mixed-use property constructed in 1924 and listed on the National Register of Historic Places. Its four-story Neoclassical design includes two first-floor retail or restaurant/bar suites, a second-floor open room with interior pillars, and a third-floor ballroom featuring a stage, mezzanine, Roman-arch windows, natural light, and hardwood floors. The fourth floor is also open and includes potential office or redevelopment space. Freight elevators and a large basement provide additional functional areas, with the basement excluded from the stated square footage.
Located on Broadway in downtown Lorain, the property is near the Palace Theater, Rockin’ on the River, Ariel Broadway Hotel, Lorain Harbor, restaurants, coffee shops, personal services, and professional offices. The upper floors have been identified for possible apartment conversion, while the existing layout also supports continued commercial use or a broader mixed-use redevelopment plan.
Located on Broadway in downtown Lorain, the property is near the Palace Theater, Rockin’ on the River, Ariel Broadway Hotel, Lorain Harbor, restaurants, coffee shops, personal services, and professional offices. The upper floors have been identified for possible apartment conversion, while the existing layout also supports continued commercial use or a broader mixed-use redevelopment plan.
Key Highlights
- 38,425‑square‑foot, four‑story building constructed in 1924
- Listed on the National Register of Historic Places
- Two first‑floor retail or restaurant/bar suites
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 28%
Dining 24%
Electronics 9%
Save-A-Lot
Groceries
5,136 visits/mo
0.3 miles
Dollar General
Shops & Services
3,725 visits/mo
0.3 miles
SUBWAY
Dining
3,503 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
3,290 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
1,109 visits/mo
0.3 miles
Demographics for 44052, OH
29,249
Population
13,673
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
83%
High-School Grad
9.5 sq mi
ZIP Area
3,079
Density / Sq Mi
$42,298
Median Household Income
$31,985
Median Earnings
$840
Median Rent
$104,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - National Register-listed building with two ground-floor suites and open upper floors suited to redevelopment or adaptive reuse.
Where is this mixed-use property located?
The property is located at 577 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 38,425‑square‑foot, four‑story building constructed in 1924; Listed on the National Register of Historic Places; Two first‑floor retail or restaurant/bar suites
