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    822 Broadway Lorain, OH 44052

    Sponsored
    For Sale
    $259,900

    Historic 3-story building, 6,534 sq ft.

    Property size:
    6,534 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 822 Broadway in Lorain, Ohio, presents a unique investment opportunity. The 6,534 square foot building boasts three levels, offering diverse potential uses. The ground floor features a private ceramic foyer entrance, a retractable door leading to a spacious ceramic-tiled area, an open floor plan, a large granite bar area, two ADA-compliant bathrooms, and a partially completed kitchen. Rear building access is also available. The second level provides spectacular views of Broadway Avenue from a custom double door and balcony, along with a seating area, a large framed bar, and potential restroom space. Access to the rear roof is also available from this level. The third level is ready for customization, offering significant potential for development. This historically significant building is situated in the heart of downtown Lorain, offering convenient proximity to Lake Erie, the Black River landing, the Palace Theater, shopping, schools, and churches. The property sits on a 0.07-acre lot. The asking price is $259,900, translating to $155.48 per square foot. Note that a $166.24 special assessment for sidewalks is added to the annual property taxes.

    Property Features for 822 Broadway

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,534 SF
    Lot Size
    3,049 SF

    Building Details

    Stories
    3

    HighLights

    • Exceptional mixed‑use building, 6,534 sq ft, three levels, located at 822 Broadway, Lorain, OH.
    • Ground floor features open floor plan, granite bar, two ADA bathrooms, and partially finished kitchen.
    • Second floor boasts Broadway Avenue views, custom double doors, balcony, and bar area.
    • Third floor offers customizable space for development.
    • 0.07‑acre lot, asking price $259,900 ($155.48/sq ft).
    • $166.24 annual sidewalk assessment added to property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -82.1737533
    Latitude
    41.4636406

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    FAQs

    What type of property is this?
    Mixed-use property - Historic 3-story building, 6,534 sq ft.
    Where is this mixed-use property located?
    The property is located at 822 Broadway Lorain, OH.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Exceptional mixed-use building, 6,534 sq ft, three levels, located at 822 Broadway, Lorain, OH.; Ground floor features open floor plan, granite bar, two ADA bathrooms, and partially finished kitchen.; Second floor boasts Broadway Avenue views, custom double doors, balcony, and bar area.
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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
    822 Broadway Lorain, OH 44052
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