1605 BroadwayLorain, OH 44052

1605 BroadwayLorain, OH 44052

1/9 Virtual Tour Fullscreen
$140,000 Active
Commercial - Retail MLS 5112612

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: purchasewithp@gmail.com 440-787-6330

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Do not miss your chance to own a landmark in Lorain history. The Broadway Feed and Pet Supply building on Broadway! Recently rezoned as mixed use, this building has great income potential. The lower level is approved by the city for a restaurant, but can be used for several other business ventures. A lot of Structural work has already been performed. All you have to do is bring your vision, and make it come to life! Not only is the lower level a prime retail space in the heart of downtown, but the upper level has 3 units of living space! Two of the units have some framing and plumbing complete. With rent skyrocketing in the past few years, the upper level will be a big source of income for your portfolio. Blue prints have already been drawn for both levels, making the completion of this project much easier. Call your favorite Realtor and schedule your private tour today!

1605 Broadway | MLS# 5112612

This commercial property located at 1605 Broadway, Lorain, OH 44052 is currently listed for sale with an asking price of $140,000. Broadway is located within the Lorain City school district. Search Lorain real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Cooling: None
Days on Market: 365
Heating: None
Lot Size: 0.15 Acres
Taxes: $1,848 / year
Year Built: 1920

Feature Descriptions

Parcel#: 02-01-003-142-001

Local Schools

School District: Lorain City

Demographics

Lorain County Demographic Information for 1605 Broadway, Lorain, OH 44052
Fips
Fips Code 39093
Population
2020 to 2025 Change up 3.3%
2010 Count 301,356
2020 Count 312,964
2025 Estimate (V2025) 323,219
2020 Estimate (V2025) 312,956
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 21.1%
18 to 64 53.0%
65 and Older 20.7%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 91.8%
Bachelor's Degree or Higher, Age 25+ 28.5%
Computer and Internet use
Households with a computer 94.8%
Households with a broadband Internet subscription 88.9%
Language
English is Second Language, Age 5+ 7.8%
English is First Language, Age 5+ 92.2%
Veterans
Veterans 18,512
Income
Per Capita Income $40,798
Median Household Income $73,347
People in Poverty 10.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 127,544
Average Household Size 2.42
Owner-Occupied 74.0%
Multi-Family 17.0%
Owner-Occupied Median Value $223,200
Median selected monthly owner costs -with a mortgage $1,525
Median selected monthly owner costs -without a mortgage $629
Median gross rent $966
Building Permits
New Private Housing Issued 2024 1,331
Years at Residence
1 Year or More 90.9%
Less Than 1 Year 9.1%
Business and Employment
Private non-farm Establishments 5,664
Private non-farm Employment 89,159
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,949
Number of Firms 4,759
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau