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Property profile & analytics
OFF-MARKET
Retail space

1534 28th St Lorain, OH 44055-1606

5,148 SF 0.28 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1866738
Property summary
AI-generated overview

This exceptional commercial property in Lorain, Ohio, presents a unique investment opportunity. Located at 1534 E 28th Street, this 0.56-acre lot features a retail building with a fully operational auto body shop and a separate apartment. The auto body shop boasts a grandfathered-in custom spray/paint room, compliant with city, county, and EPA standards, a feature difficult to replicate today. This room is insulated, custom-built, and ventilated for professional use, and includes a recently updated paint mixing system with software and hardware, connected to a supplier for convenient refills. The shop also includes a frame straightening machine and other equipment, an office space, an open floor plan shop area with multiple large door entries, and is situated on three parcels, allowing for potential expansion. Adding to its versatility, a large one-bedroom, one-bathroom apartment is located above the shop, offering on-site living convenience or potential rental income. A detached garage is also included. The asking price is $240,000. This turnkey operation is ready for immediate use and offers significant income potential for a car enthusiast, experienced mechanic, or expanding business. The property's unique combination of retail space, auto body shop, and residential apartment makes it a truly exceptional investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 5,148 SF
Lot 0.28 ac (12,197 SF)
APN 03-00-097-103-011
UPID US66-1866738
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
Current use
Occupant on record · Public records
  • Jay's Remodeling General Contractor Renovation Specialist General Contractor
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
1534 LLC · 1 yrs held
1534 LLC
since 2025
Last sale
$30,000
2 recorded transactions
2025
$30,000
2019
$20,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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