Property profile

2223 Broadway Lorain, OH 44052

OFF-MARKET
Warehouses
Property ID
US66-1618732
1,380 SF 0.08 ac lot Built 1910
Individually Owned Free & Clear
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Property summary

AI-generated overview

This unique investment opportunity presents a commercially zoned warehouse located at 2223 Broadway, Lorain, Ohio, situated on a 0.08-acre lot. Previously utilized as a bar on the lower level and apartments upstairs, the property is currently uninhabitable and requires complete remodeling. However, this presents a significant upside for the right investor. The building offers substantial potential for redevelopment, given its commercial zoning and existing structure. A key feature is the inclusion of an outdoor bar area and additional patio space behind the building, adding significant value and potential for various business ventures. The property is being sold "as-is" and requires a cash purchase. Note that no liquor license is included in the sale. The asking price is $65,000. This presents a rare chance to acquire a property with considerable potential in a desirable location, ideal for those seeking a high-return investment project. The square footage is not currently specified. Serious inquiries only.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1910
Total area 1,380 SF
Lot 0.08 ac (3,485 SF)
APN 02-01-003-174-004
UPID US66-1618732

Cap rate & NOI

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

Location

2223 Broadway Lorain, OH 44052-3647
Lorain metro Census 23200 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
$175k

Owner & transaction history

since 2025
4 recorded transactions
2025
$15,000
2025
$15,535
2020
Price N/A
2011
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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