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Property profile & analytics
OFF-MARKET
Parking lots & garages

697 Main St Grafton, OH 44044-1331

6,380 SF 5.46 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-3191288
Property summary
AI-generated overview

This exceptional 6.75-acre commercial property in Grafton, Ohio, presents a remarkable investment opportunity. Boasting over 1,500 feet of frontage along Main Street, Parsons Road, and McAlpin Court, this strategically located site enjoys high traffic visibility on Route 57 (North Main Street). Its prime position, south of the I-480/Rt 10/Rt 20/Rt 82 interchange, provides easy access to major highways including the Ohio Turnpike (I-80), I-90, and I-71, ensuring excellent connectivity. The property's 6,380 square feet of buildable space is ideally suited for a diverse range of commercial ventures, including a gas/fuel service station, mini-mart, shopping plaza, recreation center, or automobile sales facility. Its location between Grafton's downtown and business district makes it a true gateway property. The surrounding area offers a robust infrastructure and demographics, with nearby restaurants, a recreation center, auto parts stores, and a grocery store. This central Lorain County location provides convenient access to Lagrange, Wellington, Oberlin, and Elyria. An additional 1.2 acres of land, directly across the street on Route 57, is available for separate purchase. The property is situated within the C-B Central Business District.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Total area 6,380 SF
Lot 5.46 ac (237,838 SF)
APN 11-00-100-103-025
UPID US66-3191288
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grabelle Properties LLC · 3 yrs held
Grabelle Properties LLC
since 2023
4 recorded transactions
2023
Price N/A
2012
Price N/A
2010
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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