Property Description

Opportunity knocks! This income-producing single-family home offers two bedrooms on the main-floor with room to expand by finishing the second level. Enjoy a two-car garage complete with a fireplace, plus an incredible 40' x 50' outbuilding, complete with separate utilities?ideal for storage, a man cave, hobby space, or business. Zoned General Business and located in the desirable Clearview School District with easy access to major highways. Opportunity awaits! So much potential in one property!

3905 Broadway | MLS# 5175566

This commercial property located at 3905 Broadway, Lorain, OH 44052 is currently listed for sale with an asking price of $199,900. Broadway is located within the Clearview Local school district. Search Lorain real estate on 251danielburnhamsquareunitunit259.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business

Days on Market: 130

Heating: Gas

Lot Size: 0.19 Acres

Taxes: $1,677 / year

Year Built: 1941

Feature Descriptions

Parcel#: 03-00-103-118-051

Local Schools

School District: Clearview Local

Demographics

Lorain County Demographic Information for 3905 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

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3905 BroadwayLorain, OH 44052