1744 Iowa Ave Lorain, OH 44052
Property profile & analytics
1744 Iowa Ave, Lorain, OH 44052
- Warehouses
- 12,106 SF
- 0.59 lot acres
Property ID
US66-5178416
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Baumler Outdoors / (Bike/Boat/Book/etc) Store
Property Details for 1744 Iowa Ave
- Lot size
- 0.59 lot acres
- Property type
- Warehouses
- APN
- 02-00-051-141-043
- APU
- 200051141043
Description
This offering presents a strategic opportunity to acquire a pair of single-story industrial buildings totaling 15,786 square feet on a 2.72-acre lot in Lorain, Ohio. The property, zoned for light industrial use, features a 16-foot ceiling height, one loading dock, and one drive-in. Currently 100% occupied by a single tenant under a sale-leaseback agreement with a remaining term of five years at a monthly rent of $3,500. The sale price is $459,000. This prime location offers convenient access to I-90, Route 2, I-80 (Ohio Turnpike), US 6, and OH SR 57, placing it within a 35-minute drive of Cleveland and Cleveland-Hopkins International Airport. The property is situated within Lorain County Opportunity Zone 39093023000, potentially offering preferential tax treatment. This is an exceptional opportunity for investors seeking a stable, income-generating asset with strong potential for future growth in a desirable location. The property is offered as a sale-leaseback, providing immediate cash flow and long-term lease security. The building's functional layout and ample space make it suitable for a variety of industrial uses.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1597
- Latitude
- 41.4644
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,263
$14,336
$90,822
$105,158
-
$40,960
$259,490
$300,450
