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    387 Main St Grafton, OH 44044

    For Sale
    $289,000

    Prime Grafton commercial land, ideal development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.7-acre commercial land parcel presents a unique investment opportunity in Grafton, Ohio. Located at 387 Main Street, this property boasts 317.08 feet of frontage on North Main Street (Route 57), providing excellent visibility and accessibility. The property's Commercial zoning allows for a variety of development options, including quick-service restaurants, retail spaces, office buildings, and medical facilities. Its strategic location offers convenient access to Route 57 and proximity to Highway 20, ensuring high traffic flow and visibility. Furthermore, the site enjoys the benefit of being only 10 minutes from the interchanges of I-80 (Ohio Turnpike) and I-480, significantly enhancing its accessibility and appeal to a wide range of businesses. Grafton's location, less than 30 minutes from Cleveland and situated near the city's growing west side suburbs, adds to the property's desirability. The property is also within 20 minutes of Cleveland Hopkins International Airport. The asking price for this exceptional property is $289,000, and the APN is 1100099000335. This is a rare opportunity to acquire a well-positioned commercial land parcel with significant development potential in a thriving area.

    Property Features for 387 Main St

    General Information

    Property type
    Land
    Lot Size
    117,612 SF

    HighLights

    • 2.7‑acre commercial land parcel in Grafton, Ohio.
    • 317.08 feet of frontage on Route 57 (North Main Street).
    • Commercially zoned for diverse development (restaurants, retail, offices, medical).
    • Excellent access to Route 57, Highway 20, I‑80, and I‑480.
    • Less than 30 minutes from Cleveland and Cleveland Hopkins International Airport.
    • Asking price: $289,000; APN: 1100099000335.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -82.06509986765
    Latitude
    41.287881192984

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    FAQs

    What type of property is this?
    Land - Prime Grafton commercial land, ideal development opportunity.
    Where is this land located?
    The property is located at 387 Main St Grafton, OH.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: 2.7-acre commercial land parcel in Grafton, Ohio.; 317.08 feet of frontage on Route 57 (North Main Street).; Commercially zoned for diverse development (restaurants, retail, offices, medical).
    (216) 363-6435
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    387 Main St Grafton, OH 44044
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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
    387 Main St Grafton, OH 44044
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