2405 W Erie Avenue Lorain, OH ^$ 499,900

2405 W Erie Avenue

^$ 499,900

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2405 W Erie Avenue

Lorain, OH, 44053

^$ 499,900

Studio Baths0.0 Sq 2,190

Monthly Estimate*

^$ 3,492

2405 W Erie Avenue, Lorain, OH 44053 - Image 1

2405 W Erie Avenue, Lorain, OH 44053 - Image 2

2405 W Erie Avenue, Lorain, OH 44053 - Image 3

2405 W Erie Avenue, Lorain, OH 44053 - Image 4

2405 W Erie Avenue, Lorain, OH 44053 - Image 5

2405 W Erie Avenue, Lorain, OH 44053 - Image 6

2405 W Erie Avenue, Lorain, OH 44053 - Image 7

Studio

Commercial Property for sale in Lorain, OH

for $499,900. This 2,190 square foot building was built in 1954 on a lot size of 0.1.

Great Location for new commercial / Retail structure or keep the current Working Restaurant with 4 different parcels that gives you access from W. Erie and Levitt Rd, to W. Erie to Lakeview Ave, the whole corner block, fifth parcel is owned by one of the owners who owns all 5 parcels. Plot Map of all 3 streets W. Erie, Levitt and Lakeview, Parcel #02-02-023-106-045. Marwan is the Leila partner who owns the 5th parcel, plot map (attached) shows half of the corner. Sellers want all 5 parcels to be sold together

Commercial Active

Price

^$ 499,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,600

Style

Lot Size

0.1

Year Built

1954

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

4472325

Features

General

Sewer PublicSewer

Heating ForcedAir Gas

Cooling CentralAir

Possession DeliveryOfDeed

Roof Asphalt Fiberglass Rubber

Year Built 1954

Tenant Pays None

Property SubType Retail

Additional Parcels Description 02-02-023-106-25 02-02-023-106-046 02-02-023-106-047

County Lorain

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Subdivision Name Lake View Allotment

Garage Y/N N

Building Features PublicRestrooms Signs

Status Active

Directions Rte. 2/90 to Baumert to Rte. 611 Exit to Sheffield / Avon to Colorado Left onto Erie Ave. Rte. 6 W.

City Lorain

Buyer Agent Compensation 3

View Y/N N

Senior Community Y/N N

High School District Lorain CSD - 4709

Waterfront Y/N N

Carport Y/N N

Street Name Erie

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 3600.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 229

Standard Status Active

Occupancy Description Owner

Middle/Junior School District Lorain CSD - 4709

Elementary School District Lorain CSD - 4709

Property Sub Type Additional Retail

Legal Description LAKEVIEW 40 X 100

Interior

Basement Full Partial Unfinished

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 2190.0

Street Suffix Avenue

Electric On Property Y/N N

Main Level Bathrooms 0

Above Grade Finished Area Source Owner

Exterior

Fencing Other

Parking Features Outside Paved

Water Source Public

Total Parking 20.0

Lot Size Area 0.1

Number of Buildings 1

Spa N

Building Area Total 2190.0

Lot Size Acres 0.1

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2405

* Excluded Features

List By

Marco Marinucci

Listing Agent

Russell Real Estate Services

Broker

info@marcoauction.com

Affordability Calculator

$3,792

Per Month

Monthly Principal & Interest: $3,492
Monthly Property Taxes: $300
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lorain, OH

Average List Price ^$316,208

Percent of Sale Price 37%

About Lorain, OH

62,881 Population

-9% Since 2002

^$36,696 Median Income

38.01 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4457626 Elementary School

4457488 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/6/2023	$499,900		Listed Price

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2405 W Erie Avenue, Lorain, OH, 44053 is a Commercial Property for sale at $499,900 with 2,190 sqft and a lot size of 0.1. 2405 W Erie Avenue is a studio with 0.0 baths and was built in 1954. The property's zip code is 44053 which is in Lorain, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the YES MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the YES MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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2405 W Erie Avenue

Commercial Property for sale in Lorain, OH

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