Property profile

697 Main St Grafton, OH 44044

FOR SALE
Parking lots & garages
Property ID
US66-2657778
6,380 SF 5.42 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A 6-acre commercial property in Grafton, Ohio, situated on Route 57 (North Main Street) with over 1,500 feet of frontage along Main Street, Parsons Road, and McAlpin Court. The site comprises two contiguous parcels located south of the I-480/Rt 10/Rt 20/Rt 82 corridor, with access to major routes including the Ohio Turnpike and Interstates I-80, I-90, and I-71. The property is positioned in the C-B Central Business District between the Village downtown area and the surrounding business district, with multiple access points within Lorain County. The configuration is suitable for uses such as a gas/fuel service station with mini-mart, shopping plaza, recreation center, automobile sales, or an office condominium complex, and the immediate vicinity includes retail and service-oriented businesses such as restaurants, carry-out establishments, auto parts retailers, and a grocery store. An additional 1.2 acres is available separately across the street on Rt. 57/North Main.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Total area 6,380 SF
Lot 5.42 ac (236,095 SF)
APN 11-00-100-103-029
UPID US66-2657778

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
  • Auto Repair Shop

Location

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$683k
Blend (final) Blend
$375k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $1.0M +46.6%
Apartment house (5+ units) $890,000 +30.3%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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