697 Main St Grafton, OH 44044-1331
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.
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
Similar Nearby for Sale
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.