530 Main St Oberlin, OH 44074-1743
This single-story, 4,464 square foot commercial building in Oberlin, Ohio, presents a versatile investment opportunity. Built in 1973 and renovated in 2000, the property is zoned C-2 and sits on a 0.968-acre lot (APN: 0900105000014, Lorain County). The building, previously used as a bank branch office, offers adaptable space suitable for various light medical, office, or research uses. The layout allows for either single-tenant occupancy of the entire building or division into two independent units, each with its own entrance, kitchen, restrooms, and climate control. Existing office workstations are included in the front suite. Amenities include high-speed internet access, 32 surface parking spaces, and central air conditioning. The property boasts full accessibility and a convenient location near the intersection of Route 20 and Route 58, approximately 25 minutes from the airport and 40 minutes from Downtown Cleveland. This property offers a unique blend of functionality and location, making it an ideal choice for a variety of businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.