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Property profile & analytics
FOR SALE
Industrial properties

2201 W Park Dr Lorain, OH 44053

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
Price N/A
2004
$700,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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