2853 Grove Ave Lorain, OH 44055
Property profile & analytics
2853 Grove Ave, Lorain, OH 44055
- Retail space
- 11,312 SF
- 0.11 lot acres
Property ID
US66-2377046
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ashley J. Kenzik, PharmD / Pharmacy
- Neil Messerly, RPH / Pharmacy
- Rite Aid / Pharmacy
- Rite Aid Photo / (Bike/Boat/Book/etc) Store
- Western Union / Bank / Credit Union
Property Details for 2853 Grove Ave
- Year built
- 1998
- Lot size
- 0.11 lot acres
- Property type
- Retail space
- APN
- 03-00-083-105-001
- APU
- 300083105001
Description
This exceptional 11,312-square-foot retail property, located at 2853 Grove Avenue in Lorain, Ohio, presents a significant opportunity for businesses seeking a prominent location. Built in 1998, the single-tenant building sits on a 0.12-acre lot and offers ample space for a variety of retail ventures. The entire 11,312 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's location in Lorain County, Ohio, offers excellent access to local clientele and convenient transportation links. The property's address is 2853 Grove Ave, Lorain, OH 44055. This is a single-tenant commercial property, ideal for a business seeking a substantial footprint in a thriving community. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. The year built is 1998, indicating a structure that has likely undergone regular maintenance. This presents a significant opportunity for a business to establish a strong presence in a well-located retail space. The property's size and location make it an attractive option for a variety of retail uses. Serious inquiries are encouraged to explore this exceptional opportunity further.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,795,000
- ML approach
- $1,885,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,895,000
- 6.5%
- $1,750,000
- 7%
- $1,625,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,121,000
- AI Estimate
- $1,776,000
Market price range: $268k - $1.12MMarket price range: $530k - $1.78M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,220,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1198
- Latitude
- 41.4455
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,319
$8,803
$211,617
$220,420
-
$25,150
$604,620
$629,770
