Lorain OH Commercial for Sale

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Type:
Apartment
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Year built:
1920
Baths:
MLS#:
5086296
Subdivision:
Sheffield Land Cos 01

ADDITIONAL INFORMATION

Incredible investment opportunity! This fully renovated, fully occupied 14-unit brick apartment building offers a turnkey cash flow property with potential for even more income. Twelve units have been completely upgraded with new flooring, paint, and kitchen and bathroom improvements, while all common areas feature fresh vinyl flooring and paint. The property includes 12 studios, a one-bedroom unit, and a two-bedroom unit. With boiler heat, the owner covers gas, heating, water, and sewer, while tenants pay their own electric. The current owner, who self-manages, is open to continuing management for a seamless transition. Additional income opportunities include adding coin operated washers and dryers to the already existing laundry room, increasing rents, and renovating the remaining two units. This is a fantastic chance to step into a well-maintained, income-generating property with significant upside!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Baths:
MLS#:
5078260
Subdivision:
Sheffield Land Co

ADDITIONAL INFORMATION

Here is your opportunity to own property on a main road in Lorain Ohio. Get this in time for the South Lorain Revitalization Project. Building and lot sold together. Looking for the right investor to tear down and rebuild. South Lorain needs a Laundry Mats, Convenient Stores, New Build Office Buildings. Currently one Vacant lot and Building.

Type:
Retail
Sq.Ft.:
7,000
Status:
Active
Beds:
n/a
Lot size:
0.56 Acres
Year built:
1900
Baths:
MLS#:
5009640
Subdivision:
Sheffield Land & Improv C

ADDITIONAL INFORMATION

Don't Miss This Amazing Opportunity!! Whether you're just a Car Enthusiast or an Experienced Auto/Body Work Mechanic Ready to Venture out on your own, or maybe you just need more space in your existing business here is the place you've been waiting for! This Turn Key Auto Body shop is the Epitome of endless income potential. Whether you’re looking to expand your existing business or newly venture into the Automotive Industry, this property has everything you need to Thrive. The Auto body shop includes a Custom Spray/Paint Room, which is Grandfathered in with City, County and EPA. It would be Extremely Difficult or Impossible to have today due to the EPA Standards and Rules in Lorain County. The Painting Room is Insulated, Custom Built and Ventilated for Professional and/or Separate jobs or to complete the final touches on an existing job. This Unique setup also comes with the Paint, Software and Computer System to Accurately mix any paint/color needed for Any Paint job needed! The System has been updated recently to the most up to date Software and Hardware and is connected to the Company to service and refill your supplies when needed, Seller will provide all details and Information to the new Buyer upon request. The Shop also comes with a fully operational Frame Straightening machine to bring further value to the Building and Business along with other Equipment. The Shop includes an office space area and an open floor plan shop area with multiple large Door Entries. The Property is situated on three (3) Parcels if you are thinking about expanding the shop. But the Opportunities don't end there. This Property also features a Large 1-bedroom, 1-Bathroom Apartment over the Shop. This Presents a Unique Advantage, Allowing you to live on-site, ensuring convenience and efficiency in managing your business, or use as a Rental for Extra Income. This Building is Priced to Sell and Ready for You! Includes a Detached Garage Too! Call for questions or a private showing.

Type:
Mixed Use
Sq.Ft.:
5,628
Status:
Active
Beds:
n/a
Year built:
1900
Baths:
MLS#:
4499301

ADDITIONAL INFORMATION

Type:
Mixed Use
Sq.Ft.:
4,412
Status:
Active
Beds:
n/a
Lot size:
0.46 Acres
Year built:
1900
Baths:
MLS#:
4486246

ADDITIONAL INFORMATION

Discover the ultimate investment opportunity at 1845 East 28th in Lorain, Ohio. This versatile commercial property zoned light industrial, currently being used for an online auction store and formerly an automotive repair and towing facility, presents an endless potential for entrepreneurs seeking a prime location with unique amenities. The existing ventilation system, a crucial component of its former automotive function, remains intact. This feature, along with the pre-existing plumbing for compressed air, offers a distinct advantage for businesses requiring proper ventilation and pneumatic tools. Secure parking, private office, waiting area, and restroom cater to client and staff needs. The loft storage, security monitoring, and potential to keep the U-Haul business enhance its appeal. Centrally located in Lorain, this property boasts high visibility and accessibility. Nearby amenities and major roadways make it an attractive destination for various businesses. Don't miss the chance to transform this space into your business's success story. Schedule a viewing now and seize the opportunity to thrive in this exceptional commercial property. Very motivated seller!

Type:
Mixed Use
Sq.Ft.:
2,200
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Year built:
1930
Baths:
MLS#:
4427492
Subdivision:
Sheffield Land Co

ADDITIONAL INFORMATION

Welcome to an exceptional investment opportunity in Lorain! This commercial listing at 2104 E 28th St, offers a versatile mixed-use property with immense potential. Boasting a central location within the Sheffield Land Co subdivision, this property is strategically positioned for both business and residential purposes. Constructed in 1930, this two-story building encompasses a total of 2,200 sqft, providing a promising canvas for your entrepreneurial vision. As you explore the 0.14-acre lot, you'll find that it features parking space for two vehicles, ensuring convenience for customers or residents. The property is zoned for mixed-use, making it suitable for a range of purposes, from retail to office space. The main level, previously operated as a restaurant and bar, holds great potential for customization to meet your business needs. Whether you envision a restaurant, office space, or retail establishment, the adaptable layout offers the flexibility to bring your vision to life. The property's flat rubber roof and full, unfinished basement contribute to the structural integrity and further expansion possibilities. The upper level, a spacious apartment, provides an excellent opportunity for additional income. The walls between bedrooms have been removed, offering a fresh start for customization and layout optimization. While both units require some TLC and updates, the property's solid foundation and prime location make it an enticing investment. With annual taxes totaling $820, this property aligns with strategic investment goals. The surrounding area features convenient access to public transportation and amenities, enhancing the property's attractiveness for potential tenants or customers. Take advantage of this unique opportunity to operate a business and reside above it or generate income from both the commercial storefront and the sizable apartment space. Schedule your showing today to explore the possibilities and embark on your investment journey in Lorain!!

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Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 2939 Vernon Place, Suite 300, Cincinnati, OH 45219


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes MLS. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Yes MLS. All rights reserved.



Lorain Real Estate

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 44055 has a population of 65,051. Lorain 44055 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 44055 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 44055 is 38.2 years.

Lorain Weather

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.

Lorain Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    57
    30-day change

Lorain Schools and Demographics

Education near Lorain, OH

Metric City County
High School Graduates 83.8 90.9
College Degree - 2 year 10.04 10.54
College Degree - 4 year 12.75 25.99
Graduate Degree 3.04 7.27
Expenditures per Student 15,914 15,914
Students per Teacher 17.7 17.7

Elementary Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
Admiral King Elementary School KG - 06 380 18.6 44052
Frank Jacinto Elementary School PK - 06 320 14.2 44052
Garfield Elementary School PK - 06 305 18.7 44055
Hawthorne Elementary School KG - 06 311 16.9 44052
Helen Steiner Rice Elementary School Elementary PK - 06 355 15.7 44055
Larkmoor Elementary School PK - 06 453 21.7 44052
Palm Elementary School KG - 06 246 22 44055
Stevan Dohanos Elementary School KG - 06 352 17.8 44055
Toni Wofford Morrison Elementary School Elementary PK - 06 331 16.2 44052
Vincent Elementary School PK - 05 606 21.6 44055
Washington Elementary School KG - 06 413 19.2 44052

Middle Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
Constellation Schools: Lorain Community Middle 05 - 08 127 13 44052
Forestlawn Elementary School 05 - 05 120 18.9 44054
General Johnnie Wilson Middle School 07 - 08 459 14.6 44052
Longfellow Middle School 07 - 08 538 16 44052
Sheffield Middle School 06 - 08 409 15.1 44054
William Barr Elementary School 04 - 04 123 15.5 44054

High Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
Brookside High School 09 - 12 533 14.4 44054
Clearview High School 09 - 12 509 17 44052
Credit Recovery Academy 09 - 12 214 21.3 44055
Lorain High School 09 - 12 1,803 18.4 44052

Ungraded Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
* Summit Academy Secondary - Lorain 09 - 12 83 7 44052
Horizon Science Academy Lorain KG - 11 580 13.3 44052
New Beginnings 06 - 12 92 10.5 44055

Demographics near Lorain, OH 44055

Metric Zip Code City
Neighborhood Type Suburban
Population 65,051 311,737
Population Density 2,748 635
Median Age 38.2 41.9
People per Household 2.4 2.5
Median Household Income 42,201 62,390
Average Income per Capita 23,444 33,799