Technical
Financial
Distress signals
Property profile

677 Main St Grafton, OH 44044

OFF-MARKET
Commercial land
Property ID
US66-1160941
10,822 SF 1.98 ac lot Built 1963
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1.98-acre commercial land parcel presents a remarkable investment opportunity in Grafton, Ohio. Located at 677 Main St, 44044, this property enjoys a highly visible position along a main thoroughfare, ensuring excellent exposure for any future development. The lot's previous use as a bowling alley means all essential utilities are already in place and readily accessible, significantly reducing setup time and costs for new businesses. The owner possesses detailed knowledge of utility tap-in locations, streamlining the development process. The expansive lot size allows for ample parking, accommodating customer needs and ensuring smooth traffic flow. This property is ideally suited for a wide range of commercial ventures, offering the potential for significant growth and profitability within a thriving commercial area of Lorain County. The asking price is $150,000. This is a rare chance to acquire a well-situated, ready-to-develop commercial land parcel in a desirable Ohio location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1963
Total area 10,822 SF
Lot 1.98 ac (86,249 SF)
APN 11-00-100-103-014
UPID US66-1160941

Cap rate & NOI

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

Location

677 Main St Grafton, OH 44044-1316
Grafton metro Census 95100 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
1 recorded transaction
2025
$125,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 677 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message