Property summary
This exceptional 1,232 square foot retail building presents a compelling investment opportunity in the heart of Lorain, Ohio. Situated on a 0.39-acre lot, this freestanding structure boasts a prominent corner location with ample on-site parking, ensuring easy access and high visibility for potential tenants. The building's zoning allows for a diverse range of uses, including retail storefront operations, fast-food establishments, or auto repair services. Its versatile design and convenient location near downtown Lorain and surrounding communities make it an ideal choice for entrepreneurs and investors seeking a strong return. The property's substantial parking lot provides convenient parking for customers and employees. The building's existing infrastructure offers a solid foundation for immediate occupancy or potential renovations to suit specific business needs. This is a rare chance to acquire a well-positioned commercial property in a thriving area with significant growth potential. The asking price of $98,900 represents an attractive entry point into the Lorain commercial real estate market. Don't miss this chance to secure a valuable asset in a dynamic and growing community. Act quickly to capitalize on this exceptional investment opportunity.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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