The median home value in Lorain, OH is $139,900This is lower than the county median home value of $160,000.
The national median home value is $308,980.
The average price of homes sold in Lorain, OH is $139,900.
Approximately 52% of Lorain homes are owned, compared to 36% rented, while 12% are vacant.
Lorain real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Lorain real estate agent to arrange a tour today! Learn more about Lorain.
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!
Welcome to this dynamic mixed-use commercial condo complex, with six deeded condo spaces seamlessly integrated into one expansive restaurant and bar. This versatile property features approximately 3,920 sf of dining areas, large kitchen, well-appointed bar, and two restrooms. This property offers endless possibilities for entrepreneurs seeking to capitalize on its prime location and flexible layout. Parcel #02-02-005-700-013, #02-02-005-700-012, #02-02-005-700-011, #02-02-005-700-010, #02-02-005-700-009, #02-02-005-700-008.
Massive Lorain cash flow opportunity! 6 units offered at an extremely competitive price makes this a serious opportunity for any investor looking for cashflow! Rent roll available upon request. Property will be mostly vacant at closing, allowing a new owner to renovate and place tenants at top dollar market rents, or fetch premium rents through Lorain's section 8 program. Section 8 rents in the area are BOOMING and a new owner can easily get this property grossing $4,800+ per month! Tenants have baseboard heat and are responsible for their electricity cost, while the owner pays for water, sewer and gas for the hot water tanks. The property has had most windows replaced with vinyl, and some new mechanicals installed in the last year. The property is located right near E 28th street with all the businesses and easy access to the city, and tons of street parking!
Great investment opportunity, OR START Your own business w/ this Unique opportunity with this high traffic corner of Oberlin Ave and Tower Blvd Intersection in Lorain, OH! This all brick / block construction build is 8,798 sq. ft with plenty of parking, situated on a corner lot. This high traffic location with 360 visibility offers much potential. Currently occupied with a mixture of retail and service based businesses. This is a Triple Net (NNN) Strip Mall has been restored to its glory days! Offers: 3) Established Business Rentals (Vape SHop, Nail and Hair Salons), 2) Storage / Warehouse (Auto Detailer and Contractor Equipment Storage Unit) PLUS! 20 Year Outdoor Advertising by Lamar Advertisers. Contact your agent for more info today!Parking Spaces: 50 SPaces Acre Lot: 0.73SIgnage/Qty: YES / 2 Utilities: Water, Sewer, Gas and Electric (occupants pay pro rata)For More info copy and paste link: https://dealcheck.io/s/-NvD00PGD2ELHxisB3YQ
RENOVATED INVESTMENT PROPERTY! Thousands upon thousands recently invested into this FOUR unit residential rental/ one commercial storefront space with a full bathroom and kitchenette. All units are updated in LVP wood look floors with newer kitchens/baths/trim doors! Electrical and plumbing updated!
Look at this wonderful 6 unit Commercial apartment building in Lorain! Fully Occupied! Two units are one bedroom, one baths at $500 and $625. Two units are two bedrooms, one bath both at $725. Two units are three bedrooms, one bath at $960 and $900. All tenants pay their own gas and electric. Owner: water/sewer/trash. Open parking lot available to tenants on property! Close to parks, restaurants, shopping, hospitals, freeway access and more! Contact today for more info!
Rare Investment Opportunity! Own 3 Business Condos.Unlock the potential of these business condos, tailored for your entrepreneurial goals or income-generating ventures. With a combined space of 1,980 square feet spread across three units (660 sqft per unit), this property promises not just a space, but a canvas for your business vision.Step into this rare chance to secure not one, but three business condos. Whether you're an astute investor or an aspiring entrepreneur, this offering presents a gateway to a thriving commercial landscape. Seize the opportunity for creative seller financing through land trades, heavy machinery, equipment, or seller financing, making this a creative deal unlike any other.Designed for the discerning business owner or investor seeking to make their mark in Lorain's growing commercial hub. This property beckons those with an eye for opportunity and a drive for success.One unit already has a month-to-month lease, providing immediate income potential of $925 for only 1 unit. A new roof installed in fall of 2023. Plus, enjoy the convenience of an HOA including essential services, such as snow, landscaping, dumpster access, and planned enhancements for the future.Don't Delay, Discover Your Business's New Home Today.Embrace the chance to own a part of Oberlin Ave's high visibility landscape. Reach out now to schedule your viewing.
Looking for a rare opportunity on Broadway, Main Street Lorain, this established and actively operating business boasts a loyal customer base and a proven track record of success, it offers immediate revenue-generating potential. This property enjoys high foot traffic and excellent visibility, ensuring maximum exposure for any business endeavor. Beyond the restaurant and bar, this property offers extra square footage suitable for various purposes. Whether you envision office spaces, luxurious apartments, or an AirBNB venture, the possibilities are endless. A relaxing setting for outdoor dining with the lake just a short stroll down Broadway, or a visit for dinner before a concert at Black River Landing or a show at the Palace Theater. Don't miss out on this exceptional chance to own a prime commercial property on Main Street Lorain with a thriving restaurant and bar, plus the flexibility to capitalize on additional space for offices, apartments, or AirBNB rentals. The second floor is accessed through a separate entrance offering several skylights and original woodwork and doors and offices from years back. So much to see when you schedule to view this amazing property.
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!
This property is an office building originally built as 4 units of about 1000 square feet each. Last used as a doctor's office. One suite is occupied by owner/attorney.
Check out this opportunity right off of Lake Erie!! Retail Commercial Building conveniently located and accessibleto local highways and neighboring communities. This building is rated for small retail use and was gettingdeveloped to have a deli on one side and another business on the other. The possibilities are endless! The windowsand doors for the 2nd unit are getting installed in the near future or you can purchase before installation and setthe building up however you desire! Other recent updates include a new roof, vinyl fenced in lot, new gas lines andnew electrical. The un-used building supplies stay with the building to help you complete your project. Nice curbappeal add to the intrinsic charm and character of this fine investment. This location may be perfect for a partycenter, coffee shop, bakery, meeting hall, church/worship center, hair salon / barber shop, tattoo parlor, tavern,smoke shop......etc. So many uses from start-up to franchises!! Call today to schedule your private showing!
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.
Industrial warehouse (Zoned I-1 per Lorain City Zoning Map) just over 10,000 sq ft on 2 acres with a ton of paved parking and 2 ingress/egress access point doors. It currently has one tenant occupying a small portion of the interior space (~1400 sq ft) paying $1200/month. Since the majority of the interior of the building is empty this would be perfect for an owner user OR a great opportunity as an income producer by getting the additional interior space leased up on stronger NNN leases. There is also an exterior parking space leased to an RV for $80/month. The building has a newer roof and gutters, updated electrical, 2 newer overhead gas furnaces and a new alarm system. Tenant wants to stay and is on a month-to-month lease and the owner currently pays for utilities. The upside here is to implement triple net leases as well as lease out more of the exterior space to trucking companies, campers, RV's etc. and a big opportunity to create outdoor storage spaces to rent out.
3,800 sq ft Warehouse with a ton of outdoor storage. Email agent for property overview & video tour along with complete investment analysis, drone footage & information on the mechanical systems of the building. Local & out of state investors welcome!
Great opportunity to own your own business it comes with two store fronts! building can be a gas station as well.pharmacy is a tenant pays $3000 monthly rent and half of the property taxes on the building.the store has updated HVAC and roof.price is for the building plus inventory.
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.
Do not miss this opportunity for your new business in this 6258 sq ft facility! Or if you are looking for an office building to expand your current operation. There are 14 office spaces available, an exceptionally expansive work area for numerous employees too, a large breakroom, and lobby. An attached 1 car garage as well as a parking lot for employees and another for your valued customers. A newer roof in excellent shape, and newer hvac system. Make your appointment ASAP!!
2 apartment buildings share a driveway and parking lot. 7 units total, long term tenants- happy to stay, transferrable leases and deposits. Owner pays electric, water, trash. Coin Laundry onsite, brings an additional $200/month approx. The garage has been rented out for an additional $200/month. This low maintenance investment brings an average of $4200/a month after rents and laundry are counted. Happy tenants want to stay, timely rent checks, clean, background checked.
2515 West 21st St in Lorain, OH is a free-standing 4,029 SF retail building strategically located at the corner of Rt. 58 and Rt. 611. This property is ideal for a gym, daycare, salon, office space, community center, yoga studio, and other neighborhood-centric retail services. Recent renovations and upgrades include but are not limited to a newly paved and striped parking lot, interior and exterior paint, a new water heater, and a new roof. Across the street from this property, a 65,000 SF retail shopping center is undergoing its own rejuvenation, creating a mutually advantageous environment. Located just minutes from Lake Erie and Rt. 2, this 4,029 SF building offers excellent visibility and accessibility, making it an appealing opportunity for businesses aiming for a strategic advantage. This property is also available for rent ($3,000/month) and creative financing options are available too.
Roman's Groceries for sale. Business, equipment, building and land for sale. Great business opportunity! Over 30 years in business with a proven successful track record. All equipment included in the sale. This neighborhood General Store has groceries, beer, wine, cigarettes and lottery sales. Beer, wine, tobacco and lottery license available for transfer per the state. Turn-key operation and instantly producing revenue. Prime location in the heart of Lorain City on Pearl Ave with heavy traffic. Owner's will stay with the new buyer to train and consult for a period agreed upon. Financials will be delivered upon request.
Welcome to the expansive commercial property at 1507-1511 Lincoln Blvd in Lorain! This remarkable property stands out with its vast wrap-around parking lot, spans 2 parcels & provides full access from the street to a generous 2.51 acres. The building is a substantial structure, totaling 11,000 sq ft, 5,500 sq ft above ground & an additional 5,500 sq ft below ground, accessible by a full walk-out. Providing a wealth of usable square footage, presenting endless possibilities for the new buyer to envision & customize according to their needs. Situated on a fully paved lot, the property boasts convenience and accessibility, with multiple handicap ramps strategically placed around the entire building, ease of access from both the front & back parking lots. The building's design features three front entrances, offering remarkable flexibility; it can be divided into three individual units or left open, catering to a variety of uses. Inside, the main floor has undergone extensive renovations, with a complete gutting to the studs, and all electrical and plumbing systems upgraded. While the lower level remains untouched, it offers a blank slate for customization, allowing the new owner to tailor the space to their specific needs. This unique property is being offered As-Is, presenting a rare opportunity for someone with a vision to bring it to life. Previously owned by a church, unable to cover renovation costs, are ready to pass the torch. This property serves as an ideal space for a creative mind, offering the potential for various ideas, from medical or office use to other innovative ventures. Whether you're an entrepreneur seeking a prime location for a new business venture or an investor looking to capitalize on the growing area, this property stands as a beacon of opportunity. Seize the chance to turn this location into an extraordinary destination, and don't miss out on the potential for growth and success. Act now & make this property the place for your next venture!!
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!
Donna Trunko Cell: (440) 567-9024 Office: (440) 331-8500 Email
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