2104 28th St Lorain, OH 44055-1933
This exceptional investment opportunity in Lorain, Ohio presents a versatile 2,200 square foot mixed-use property situated on a 0.14-acre lot at 2104 E 28th Street. Built in 1930, this two-story building offers immense potential for various business ventures. Previously operating as a restaurant and bar, the main level is adaptable for retail, office, or other commercial uses. The upper level, a spacious apartment, provides additional income potential. While requiring some updates, the property boasts a solid foundation, a flat rubber roof, and a full, unfinished basement, allowing for expansion. The lot includes parking for two vehicles. Zoned for mixed-use, this property offers the unique opportunity to combine business operations with residential living or generate income from both spaces. Annual property taxes are $820. Conveniently located in the Sheffield Land Co subdivision, the property benefits from easy access to public transportation and local amenities. This property represents a strong investment opportunity in a desirable Lorain location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.