Property profile

0 Park Square Dr Lorain, OH 44053

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

Exceptional medical office condos are available for sale or lease within the thriving Oak Point Professional Campus in Lorain, Ohio, located in Lorain County. These units offer various sizes to accommodate diverse practice needs, ranging from a minimum of 850 square feet to a maximum of 3,244 contiguous square feet. Flexible options exist for both purchase and lease arrangements, with attractive lease rates currently offered. Owner financing is also available, making this an attractive opportunity for various budgets and investment strategies. The property benefits from a highly visible location with signalized access directly adjacent to a major interchange. This strategic location provides excellent visibility and accessibility for patients and staff. The surrounding area is experiencing significant growth, with established businesses such as Target, Lowe's, The Cleveland Clinic, Premier Toyota, a new Akron Children's Health Center, and a Mercy Health and Wellness Center already present. The property is zoned b1a, ensuring compliance with relevant regulations. The minimum divisible space is 2,121 square feet, providing ample room for a variety of medical practices. The building's prime location and the presence of other medical facilities create a synergistic environment ideal for healthcare professionals. Contact us today to explore the available options and secure your space in this dynamic medical office complex.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Park Square Dr Lorain, OH 44053
Lorain metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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