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!
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.
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.
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!
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!!
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.
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.