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Property profile & analytics
OFF-MARKET
Commercial real estate

Vl Lorain, OH 44053

3.13 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property presents a rare opportunity to acquire 3.13 acres of prime lakefront land in Lorain, Ohio. The property consists of three combined lots totaling over three acres, offering significant development potential. Its strategic location offers excellent visibility and accessibility, making it an ideal site for a variety of retail businesses. The property's lakefront position provides a unique and attractive setting, enhancing its appeal to potential customers and tenants. The land is situated west of a car wash, benefiting from existing nearby businesses and traffic flow. This expansive parcel offers ample space for a stand-alone building, allowing for customized design and construction to meet specific business needs. The substantial acreage provides flexibility for various development plans, including ample parking and potential for future expansion. Given its size, location, and lakefront access, this property represents a compelling investment opportunity for entrepreneurs and developers seeking a high-impact commercial venture in a desirable location. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $189,000.

Property profile
Verified
Property type Commercial real estate
Lot 3.13 ac (136,343 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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