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Property profile & analytics
OFF-MARKET
Warehouses

1600-1604 Kansas Ave Lorain, OH 44052

38,556 SF 3.31 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Warehouses
Total area 38,556 SF
Lot 3.31 ac (144,184 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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