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Financial
Distress signals
Property profile

939 Broadway Lorain, OH 44052

FOR SALE
Turn key restaurants
Property ID
US66-0972985
2,720 SF 0.15 ac lot Built 1948
Last sale Apr 2023 · $127,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building configured for restaurant and bar use, featuring a foyer entrance and a layout centered around a horseshoe bar. It includes a kitchen area that is set up for further improvement and customization, two restrooms, and a rear patio suitable for guest use. The interior was freshly painted, and the building is located in historic downtown Lorain within walking distance of the Black River and Lake Erie, as well as nearby churches, schools, restaurants, shopping, and other local amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$31k
Assessed land$9k
Assessed improvement$22k
Effective rate7.86%

Value estimate

· Oct 2026
$95k
$86k – $105k
AI approach$85k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$89/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$26 – $172
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLORAIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.7
Dental Office18.1
Spa & Massage14.1

Location

939 Broadway Lorain, OH 44052
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2229 Broadway, Lorain, OH 44052-3647 $50,000 Nov 2025 2,860 SF
1515 Broadway, Lorain, OH 44052-3437 $220,000 May 2025 2,052 SF
1342 Colorado, Lorain, OH 44052-3322 $390,000 Aug 2024 2,901 SF
742 Broadway, Lorain, OH 44052-1806 $30,000 Jun 2024 3,350 SF
916 Broadway, Lorain, OH 44052-1950 $34,000 Apr 2024 3,350 SF
1605 Broadway, Lorain, OH 44052-3439 $79,000 Apr 2023 2,828 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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