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    Property profile & analytics
    OFF-MARKET Estimated value $720,000
    Industrial properties

    2201 Park Dr, Lorain, OH 44053-1158

    15,000 SF 3.35 ac lot Built 1971
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US66-5658812
    Property summary
    AI-generated overview

    This exceptional 3.35-acre commercial property, located at 2201 W Park Drive in Lorain, Ohio, presents a significant investment opportunity. The expansive lot offers considerable potential for a wide range of business ventures, providing ample space for development and expansion. Its strategic location in Lorain offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's size and versatility allow for diverse development options, from large-scale retail or industrial projects to smaller-scale commercial enterprises. The asking price of $1,275,000 reflects the significant value and potential inherent in this prime commercial real estate. Detailed site plans and zoning information are readily available upon request, allowing prospective buyers to fully assess the development possibilities. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant growth potential. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment. The property is being offered as-is. Further due diligence is recommended by prospective buyers. This is a unique chance to establish a thriving business in a dynamic and growing market. Don't miss this chance to own a significant piece of Lorain's commercial landscape.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1971
    Total area 15,000 SF
    Lot 3.35 ac (145,926 SF)
    APN 02-02-019-104-012
    UPID US66-5658812
    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
    • SK Finishing Powder Coating Service Sandblasting Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $870k
    Comparable Approach Comparable
    $995k
    Blend (final) Blend
    $720k
    Owner & transaction history
    First Choice Real Estate LLC · 14 yrs held
    First Choice Real Estate LLC
    since 2011
    5 recorded transactions
    2011
    2004
    $700,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.2M +33.9%
    Retail stores $925,000 +7.3%
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