Homes for sale - 1605 Broadway, Lorain, OH 44052

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Kim Merckle

kim@thesupreme.team +1(330) 464-1464

$ 155,000

Est. payment | -/mo

6,534 Sqft Lot

Save

$ 155,000

Est. payment | -/mo

Save

6,534 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Chamberlains Add 01

MLS Listing ID 5017168

Construction Status Under Construction

HOA Y/N No

Year Built 1920

Annual Tax Amount $1,864

Tax Year 2023

Lot Size 6,534 Sqft

Acres 0.15

Property Description

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.

Location

State OH

County Lorain

Interior

Heating None

Fireplace No

Exterior

Garage Garage, Parking Lot, See Remarks

Waterfront No

Water Access Desc Public

Present Use Multi-Family,Mixed Use

Parking Type Garage, Parking Lot, See Remarks

Garage true

Building

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Under Construction

Schools

School District Lorain Csd - 4709

Others

Tax ID 02-01-003-142-001

Special Listing Condition Standard

Listed by Michal Golab • HomeSmart Real Estate Momentum LLC • mikepgolab@gmail.com 440-787-3485

GET MORE INFORMATION

Kim Merckle

REALTOR® | Lic# 2001015588

kim@thesupreme.team

+1(330) 464-1464

149 East Liberty St Suite A, Wooster OH, 44691

1605 Broadway Lorain, OH 44052

Kim Merckle

Kim Merckle

Key Details

Location

Interior

Exterior

Building

Schools

Others

1605 Broadway