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    Colorado And Fillmore Ave Lorain, OH 44052

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    8.36 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.36-acre commercial land parcel presents a unique investment opportunity in Lorain, Ohio. Strategically located on Colorado and Fillmore Ave, this property is zoned B-2 (General Commercial) and offers flexibility for build-to-suit, ground lease, or outright sale. The site comprises two parcels: 2.57 acres and 5.79 acres, providing options for various development scenarios. Its prime location positions it within a thriving retail corridor, boasting proximity to established businesses such as McDonald's, Wendy's, Discount Drug Mart, Dollar Tree, and several other national and local chains. Furthermore, its advantageous location is approximately half a mile from the future site of McCrone Motorsports, a 200+ acre motorsports complex, promising significant future growth and increased traffic in the area. The presence of major employers like VERTIV, Emerson Manufacturing, and Camaco Manufacturing further strengthens the area's economic vitality. This property offers exceptional potential for developers seeking to capitalize on the burgeoning commercial landscape of Lorain. The property is currently vacant and ready for immediate development. APN numbers are 0300053106024 and 0300054105031.

    Property Features for 0 Colorado And Fillmore Ave

    General Information

    Property type
    Retail properties
    Lot Size
    111,949 SF

    HighLights

    • Build‑to‑suit, ground lease, or sale opportunities available.
    • 8.36‑acre site available (Parcel A: 2.57 acres; Parcel B: 5.79 acres).
    • Prominent retail location in Lorain, Ohio.
    • Approximately 0.5 miles from the future McCrone Motorsports complex (200+ acres).
    • Strong surrounding tenant mix including national and regional brands such as McDonald's, Wendy's, and Dollar General.
    • Proximity to major employers like Vertiv, Emerson, and Camaco Manufacturing, and the future McCrone Motorsports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.151546803303
    Latitude
    41.46538730754

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    FAQs

    What type of property is this?
    Retail property - 8.36 Acres, Prime Retail Location
    Where is this retail property located?
    The property is located at Colorado And Fillmore Ave Lorain, OH.
    What are key features of this property?
    This property features: Build-to-suit, ground lease, or sale opportunities available.; 8.36-acre site available (Parcel A: 2.57 acres; Parcel B: 5.79 acres).; Prominent retail location in Lorain, Ohio.
    Request Owner's contact information
    Colorado And Fillmore Ave Lorain, OH 44052
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Colorado And Fillmore Ave Lorain, OH 44052
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