V/L N Ridge Road ELorain, OH 44055

V/L N Ridge Road ELorain, OH 44055

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$35,000 Active
Land - Commercial MLS 5095918

Listed By

Agency Name: RE/MAX Transitions
Agency Contact: TheTayeGroup@gmail.com 440-454-2456

Shown By

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

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Property Description

Welcome to an exceptional commercial opportunity in Lorain, Ohio! Unveiling a prime corner lot boasting 0.40 acres of potential and an attractive list price of $59,000. Positioned at the bustling intersection of North Ridge Road and Louis Avenue in Sheffield Township, this parcel is strategically located for diverse commercial ventures. Zoned for commercial use and forming part of the Clearview Local School District in the Rolling Heights Allotment, this cleared and level lot with a frontage of 93 feet and a depth of 188 feet offers a versatile canvas for your business aspirations. This dynamic property is characterized by its city street frontage, ensuring high visibility for a range of commercial enterprises. With no restrictions on the property, you have the flexibility to realize your development goals. As of 2022, the property taxes amounted to $996. Its strategic location, close to major roads, coupled with versatile zoning, positions it as an exceptionally attractive investment opportunity. What sets this property apart is the absence of current improvements, providing a blank canvas for all your construction plans, Tailor the space precisely to meet your business needs, whether you envision a retail space, an office building, or another commercial endeavor. Seize the opportunity to bring your business aspirations to life with this prime location and favorable features. The absence of current improvements provides a blank canvas for your construction plans. Savvy investors and business owners will recognize the potential of this commercial lot as a cornerstone for a successful venture. Act now and secure this promising parcel to shape the future of your business! Don't miss this chance to claim a strategic location for your commercial venture and make a lasting impact in the heart of Lorain! Explore the possibilities and envision your business thriving in this prime commercial space! Act fast and secure your slice of prime commercial real estate in Lorain!!

V/L N Ridge Road E | MLS# 5095918

This land located at V/L N Ridge Road E, Lorain, OH 44055 is currently listed for sale with an asking price of $35,000. The property has approximately 0.40 Acres. V/L N Ridge Road E is located within the Clearview Local school district. Search Lorain real estate on 251danielburnhamsquareunitunit259.cutlerhomes.com today.

Property Features

Property Type: Land - Commercial
Days on Market: 319
Lot Size: 0.40 Acres
Taxes: $996 / year

Feature Descriptions

Community Features: Common Grounds/Area, Street Lights, Sidewalks
Fencing: None
Lot: < 1/2 Acre, Corner Lot, Flat, Cleared, Level
Other Equipment: None
Parcel#: 03-00-111-118-015
Parking: None, On Street
Sewer: None
Topography: Cleared, Level
Utilities: None, Sewer Not Available, Water Not Available
View: City
Water: None

Local Schools

School District: Clearview Local

Demographics

Lorain County Demographic Information for V/L N Ridge Road E, Lorain, OH 44055
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

Estimate Your Payment

Estimated Payment

$ 271.11 per month $177.90 Principal & Interest $83.00 Property Tax $10.21 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage