Technical
Financial
Distress signals
Property profile

2430 28th St Lorain, OH 44055

OFF-MARKET
Commercial land
Property ID
US66-3882068
0.14 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,360 square foot storefront property located at 2430 E 28th St, Lorain, OH 44055, presents a remarkable investment opportunity. Currently vacant, this single-unit retail space offers significant potential for a variety of businesses. The asking price is $600,000, translating to a price per square foot of $94.34. The property is for sale by owner and is classified as a modified lease type. Its previous use was as a turnkey kitchen, suggesting a history of successful commercial operation. The building's size and layout provide ample space for customization and adaptation to suit a new tenant's specific needs. Situated in Lorain County, Ohio, this property benefits from a convenient location within the city of Lorain. The address is easily accessible, offering excellent visibility and potential for high foot traffic. This is a rare opportunity to acquire a substantial retail space in a desirable location, ready for immediate occupancy and poised for significant return on investment. The property is privately owned and presents a unique chance to establish a thriving business or add a valuable asset to an existing portfolio. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.14 ac (6,098 SF)
APN 03-00-083-109-005
UPID US66-3882068

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Credit Union

Location

2430 28th St Lorain, OH 44055-2114
Lorain metro Census 23600 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2024
Last sale
$395,000
1 recorded transaction
2024
$395,000

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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