Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1600-1604 Kansas Ave Lorain, OH 44052

    For Sale
    $1,985,000

    38,556 SF, 2 Buildings, 3.31 Acres

    Property size:
    38,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 3.31-acre property in Lorain, Ohio, presents a unique owner-user or redevelopment opportunity. The site encompasses two buildings totaling 38,556 square feet, offering diverse possibilities. The main building, totaling 35,559 square feet, comprises a former grocery store (18,613 SF) currently used as office space, and a 16,946 SF high-bay warehouse (22' ceilings) with front and rear loading areas. A separate 2,997 square foot former bank building with a drive-thru is also included. The property sits on a 3.31-acre lot and benefits from I-1 Light Industrial zoning for the main building and B-2 General Commercial zoning for the bank building. Located minutes from downtown Lorain, this site is strategically positioned within a dense market of 50,400 people within a 3-mile radius, exhibiting a 0.4% annual population growth. The property is soon to be vacant, offering immediate occupancy for a new owner. This versatile property is ideal for a variety of uses, making it an attractive investment opportunity. The asking price is $1,985,000. The address is 1600-1604 Kansas Ave, Lorain, OH 44052.

    Property Features for 1600-1604 Kansas Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    38,556 SF
    Lot Size
    144,184 SF

    Building Details

    Buildings
    2

    HighLights

    • 3.31‑acre property in Lorain, OH, with two buildings totaling 38,556 square feet.
    • Main building: 35,559 SF (18,613 SF former grocery store/office space, 16,946 SF high‑bay warehouse with 22' ceilings and loading docks).
    • Separate 2,997 SF former bank building with drive‑thru.
    • I‑1 Light Industrial zoning (main building) and B‑2 General Commercial zoning (bank building).
    • Minutes from downtown Lorain, in a dense market with 50,400 people within a 3‑mile radius and 0.4% annual population growth.
    • Asking price: $1,985,000. Address: 1600‑1604 Kansas Ave, Lorain, OH 44052.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.158419
    Latitude
    41.4671559

    Nearby Similar for Sale

    • New
      $275,000
      2,224 SF

      Renovated Brick Duplex in Lorain

      Updated duplex with new systems, modern finishes, and rental potential.
      2400 Oberlin Ave, Lorain, OH 44052
      View Details
    • $219,900
      Pending

      Well-Maintained Duplex in Lorain, OH

      Desirable duplex with updated units, private laundry, and garage.
      4610 Ashland Ave, Lorain, OH 44053
      View Details
    • $225,000
      Pending

      Well-Maintained Lorain Quadplex Investment

      Four-unit quadplex near downtown Lorain with immediate cash flow.
      1131 W 9Th St, Lorain, OH 44052
      View Details
    • $375,000
      1.21 Acres

      Turnkey Medical Office, Lorain, OH

      5,400 sq ft commercial building on 1.2-acre lot in Lorain.
      4520 Oberlin Ave, Lorain, OH 44053
      View Details
    • $129,900
      2,072 SF

      Updated Duplex Near Lake Erie

      Updated duplex near Lake Erie, ideal for investors or homeowners.
      415 Brownell Ave, Lorain, OH 44052
      View Details
    • $129,000
      Pending

      Lorain Duplex with Wheelchair Access

      Well-maintained Lorain duplex with 6 bedrooms, 3 baths, and wheelchair access.
      1766 E 31St St, Lorain, OH 44055
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 38,556 SF, 2 Buildings, 3.31 Acres
    Where is this individual retail property located?
    The property is located at 1600-1604 Kansas Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $1,985,000.
    What are key features of this property?
    This property features: 3.31-acre property in Lorain, OH, with two buildings totaling 38,556 square feet.; Main building: 35,559 SF (18,613 SF former grocery store/office space, 16,946 SF high-bay warehouse with 22' ceilings and loading docks).; Separate 2,997 SF former bank building with drive-thru.
    Request Owner's contact information
    1600-1604 Kansas Ave Lorain, OH 44052
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1600-1604 Kansas Ave
    Lorain, OH 44052
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1600-1604 Kansas Ave Lorain, OH 44052
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.