Property profile

2104 28th St Lorain, OH 44055

OFF-MARKET
Investment properties
Property ID
US66-5890381
1,100 SF 0.14 ac lot Built 1960
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Total area 1,100 SF
Lot 0.14 ac (6,098 SF)
APN 03-00-085-104-002
UPID US66-5890381

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2104 28th St Lorain, OH 44055-1933
Lorain metro Census 23600 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2025
Last sale
$126,000
7 recorded transactions
2025
$126,000
2025
$22,000
2021
$30,000
2016
$17,500
2011
$17,500
2009
$14,000
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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