Calling all investors!!! Are you looking for a unique opportunity to make your business dreams come true? This Commercially zoned warehouse was at one time a bar on the lower level and apartments on the upper level. The property is currently not habitable, however, once remodeled, this could be a true slice of heaven. Behind the building there is an outdoor bar space and additional seating/patio space available. **No Liquor License Convey** Property is sold As- Is, Cash Only!
Location of a Lifetime! City growth in direction of this three story commercial building, perfectly situated in Historic Downtown Lorain. Current set up is a restaurant/bar combo, this property offers a diverse floorplan with plenty additional square footage suitable for a multitude of applications for example...office spaces, upscale apartments, Airbnb, private club, this building has so many possibilities. Exterior offering a unique setting for outdoor dining experience, walking distance to beautiful Lake Erie, Black River Landing, Palace Theater, parks, shopping, etc. The first floor is set up for fine dining and bar experience, separated second floor entrance offers a private entertainment experience, skylights, original hardwood, third level is perfect for luxurious apartments or massive owner living suite and so much more. Step back in time in order to step up to quality. Leverage into an investment for the future with this prime commercial property today!
The power of a Dollar...Just got stronger! This commercial property offers three levels of investment options, private main ceramic foyer entrance, retractable door leads to a spacious ceramic tiled floor, access to open floor plan, large granite bar area, two ADA bathrooms, partially completed kitchen, access to rear of building, second level offers spectaculars views from the second story custom double door and balcony that faces Broadway Ave., seating area, large framed bar, potential restrooms, access to rear roof, third level is ready for your finishing touches, lots of character and so much more. Don't miss out on this amazing opportunity to own a unique historical commercial building in beautiful downtown Lorain, conveniently located close to Lake Erie, Black River landing, Palace Theater, shopping, schools, churches, etc. Call today for a private tour!
**Property Overview:** Presenting a versatile multi-use retail property situated in Lorain. This distinctive property encompasses a total of 2,492 square feet across two buildings, formerly operated as a motorcycle repair shop. The offering includes 760 square feet in the garage and 1,732 square feet in the main building, providing flexible space for a range of applications. Additionally, this property offers an exceptional opportunity for e-commerce businesses, featuring ample storage space and a secure, well-constructed building. **Recent Updates:** The property has undergone significant improvements. Most of the electrical systems in the main building have been updated, including the installation of LED lighting, a new roof, newly refinished flooring, updated bathroom and painting. **Due Diligence** Prospective buyers are encouraged to conduct their own due diligence to verify all aspects of the property, including zoning, condition, and suitability for specific business purposes. The property is being sold as-is, and all potential uses should be confirmed with the local authorities. The seller makes no representations regarding future suitability for any specific use. This is an excellent opportunity to acquire a well-maintained property with flexible space, ready for immediate use. Don’t miss out—contact us today to learn more or schedule a showing!"
Welcome to Historical Downtown Lorain. This block commercial building is rejuvenated and zoned for ACTION! It's anything but ordinary...perfectly situated in Lorain waterfront district, previously used as a restaurant/bar where many have enjoyed culinary creations and relaxed while sipping a unique cup of java or a cocktail beverage, welcoming foyer entrance, spacious dining or retail space, large font window to enjoy the view of downtown area, massive bar and/or retail counter space, kitchen, on site restrooms, street parking, eclectic exterior, rear of property creates a private unique outdoor gathering experience, expansive front sidewalk great for outside dining or simply relaxing, conveniently located near Lake Erie, Black River Landing, churches, schools, shopping, dining and so much more. Invest in an area with a future call me today!
Buy, Rent, Retire...Many have done it! Good place to start is investing in this freestanding block building offering a store front and/or fast food, auto repair shop, large corner parking lot, on site parking, easy access, conveniently located close to downtown Lorain and surrounding community. This commercial building is ZONED for action. Investment opportunity awaits discovery. What are you waiting for? Call today!
Welcome to this exceptional opportunity! This listing features a vibrant bar and grille space for sale, boasting a well-equipped kitchen area, spacious dining section, and an inviting U-shaped bar, perfect for entertaining guests. Please note, the sale does not include a liquor license, offering flexibility for the buyer to acquire their preferred licensing arrangement. Additionally, this property includes a charming 3-bedroom, 1-bathroom house attached, providing potential rental income or office space for business operations, enhancing its versatility and value. Furthermore, a second parcel just a few doors down offers a dedicated parking lot, ensuring convenience for patrons. Recent upgrades, including updated plumbing, electrical systems, fresh painting, framing improvements, installation of some new windows, and the addition of three toilets, enhance both functionality and aesthetics. Moreover, various building materials onsite will be included, facilitating future renovations or expansions. Completing this enticing offering is a spacious 4-car garage, providing ample storage or additional business opportunities. With endless possibilities for this property, seize the chance to make it your own!
On the Money Map! Choice location of this block constructed commercial building can put you on the money map! Bring your ideas and let your mind wonder. This building is perfectly located directly across from Black River and Harborwalk river front residential development, walking distance to river, Lake Erie, downtown historic Lorain, restaurants, parks, shopping, theater and so much more. Be apart of the action by improving the environment, all while guaranteeing better economic returns, this opportunity is for the savvy developers and investors? Call now!
Discover a unique investment opportunity in Lorain with this mixed-use property undergoing renovations adjacent to Gyro House. Boasting a central location near the heart of Lorain, this building promises visibility and accessibility for residents and businesses alike. Spanning 6,294 sqft across two floors, the property features three rental living units upstairs and flexible retail space on the first floor, with city approvals for a restaurant, yet adaptable for various business ventures, such as storage/warehouse. Construction progress includes new framing throughout two residential units on the second floor, with plumbing rough-ins, and new beams, while rezoning allows for mixed-use applications. Positioned near Broadway and downtown, explore the potential of residential leasing options and the ability to convert the first floor into business space or the quickest option of storage, catering to diverse tenant and business needs. Consider the business opportunities, including multifamily units, offices, or simple storage, and secure your stake in Lorain's growth today. Contact the listing agent to explore this dynamic investment potential.
This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area. The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.
Location with a Future! Invest in a growing area of Downtown Lorain. This beautifully designed three story commercial building offers impeccable craftsmanship throughout, welcoming marble foyer entrance, hardwood flooring, hardwood doors, coat closet, private offices and/or conference rooms, multiple restrooms, custodian closet, uniquely designed dual custom staircases leading up to the mezzanine, multi-level stage, second floor offers a theater type setting, stage, fireplace, offices, some updated windows, lower level has a full kitchen, offices, social hall, restrooms, new boiler currently being installed, elevator but currently not functioning, on site parking and street parking available, walking distance to lake, shopping, restaurants, churches and schools. This building could be used for an apartment complex, charter school, various retail shops, etc. Bring your creative ideas. Don't miss out on this opportunity and area already ZONED for action! Call today for a private tour.
The median home value in Lorain, OH is $113,400. This is lower than the county median home value of $214,100. The national median home value is $338,100. The average price of homes sold in Lorain, OH is $113,400. Approximately 48.23% of Lorain homes are owned, compared to 40.11% rented, while 11.66% are vacant. Lorain real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lorain real estate agent to arrange a tour today!
Lorain, Ohio 44052 has a population of 65,051. Lorain 44052 is less family-centric than the surrounding county with 22.23% of the households containing married families with children. The county average for households married with children is 27.46%.
The median household income in Lorain, Ohio 44052 is $42,201. The median household income for the surrounding county is $62,390 compared to the national median of $69,021. The median age of people living in Lorain 44052 is 38.2 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 19.3 degrees. The average rainfall is approximately 38.9 inches per year, with 51.3 inches of snow per year.