822 BroadwayLorain, OH 44052

822 BroadwayLorain, OH 44052

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$249,900 Active
Commercial - Business MLS 5159089

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: 4nealdeals@gmail.com, 440-315-0686

Shown By

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

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Property Description

Three Full Floors of versatile space ideal for retail, office, restaurant, studio, or residential conversion Located in the vibrant, up-and-coming Historic District of Lorain, just steps from Lake Erie and the Black River, Charming architectural details with historic brickwork, high ceilings, and large windows Street-level retail space ready for business. Upper floors perfect for offices, loft apartments, or boutique accommodations, Basement with additional storage or utility space...This commercial property offers three levels of investment options, private main ceramic foyer entrance, retractable door leads to a spacious ceramic tiled floor, access to open floor plan, large granite bar area, two ADA bathrooms, partially completed kitchen, access to rear of building, second level offers spectaculars views from the second story custom double door and balcony that faces Broadway Ave., seating area, large framed bar, potential restrooms, access to rear roof, third level is ready for your finishing touches, lots of character and so much more. Don't miss out on this amazing opportunity to own a unique historical commercial building in beautiful downtown Lorain, conveniently located close to Lake Erie, Black River Landing, Palace Theater, shopping, schools, churches, etc. Call today for a private tour!

822 Broadway | MLS# 5159089

This commercial property located at 822 Broadway, Lorain, OH 44052 is currently listed for sale with an asking price of $249,900. Broadway is located within the Lorain City school district. Search Lorain real estate on 251danielburnhamsquareunitunit259.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Full, Unfinished
Basement: Yes
Days on Market: 4
Heating: Forced Air, Gas
Lot Size: 0.07 Acres
Roof Type: Flat
Stories: 3.0
Taxes: $1,605 / year
Year Built: 1916

Feature Descriptions

Building Features: Private Restrooms
Parcel#: 02-01-003-118-007
Parking: On Site, Paved
Security: Security System
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lorain City

Demographics

Lorain County Demographic Information for 822 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