31040 Lorain Road North Olmsted, OH $ 399,900
31040 Lorain Road
$ 399,900
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31040 Lorain Road

North Olmsted, OH, 44070
$ 399,900
Baths0.0 Sq 2,358

Monthly Estimate*

$ 2,793

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Studio

Commercial Property for sale in North Olmsted, OH

for $399,900. This 2,358 square foot building was built in 1951 on a lot size of 1.2178.

Instead of a standard office fare, imagine running your business inside a charming 1950's home that has been converted into a beautiful office. This rare beauty exists and is on the market now! Conveniently located on Lorain Road (a short drive to I-480) and sitting on 1.22 acres - with 12 parking spaces, a 25'x25' garage space, and above storage space, you will have plenty of room in this uniquely appealing and spacious environment. Step inside to a stunning reception area, showcasing restored hardwood floors throughout. Recent renovations include: walls added to accommodate additional office space, two renovated bathrooms, two spacious conference rooms (main floor conference room contains a working fireplace), and two kitchenettes on both floors. Best of all, two separate entrances give you the option to have 2 separate businesses operate under the same roof. Newer windows throughout. This is a great opportunity in a fantastic location. Vacant land available to expand with exterior security lighting. You have to see it to believe it.

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Commercial Active

Price

$ 399,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,441

Style

Lot Size

1.2178

Year Built

1951

Town/City

North Olmsted

County/Region

Cuyahoga

MLS | Web ID

4500025

Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession Negotiable
Roof Asphalt Fiberglass
Year Built 1951
Tenant Pays None
Township North Olmsted
Property SubType Office
County Cuyahoga
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Olmsted 06
Garage Y/N N
Building Features MeetingRooms PrivateRestrooms
Status Active
Directions Some furnishings available to purchase. List agent will be present at all showings. Min. 24 hr. notice to show.
City North Olmsted
Buyer Agent Compensation 2
View Y/N N
Senior Community Y/N N
High School District North Olmsted CSD - 1820
Waterfront Y/N N
Carport Y/N N
Street Name Lorain
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 9441.0
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 118
Standard Status Active
Occupancy Description Owner
Middle/Junior School District North Olmsted CSD - 1820
Elementary School District North Olmsted CSD - 1820
Property Sub Type Additional Office
Legal Description TR6-OL2 WP 1019.17FT EP
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Interior
Basement Finished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2358.0
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Above Grade Finished Area Source Realist
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Exterior
Parking Features Driveway Paved
Water Source Public
Lot Size Area 1.2178
Spa N
Building Area Total 2358.0
Lot Size Acres 1.2178
Lot Size Units Acres
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 31040
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* Excluded Features
List By
Robert L Rigsby

Listing Agent

Russell Real Estate Services

Broker

ne14spd@yahoo.com

Email

Affordability Calculator

$3,580
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,793
Monthly Property Taxes
$787
Monthly 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457433 Elementary School
4457372 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2024$399,900 -9.09% Price Down
10/26/2023$439,900 Listed Price

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31040 Lorain Road, North Olmsted, OH, 44070 is a Commercial Property for sale at $399,900 with 2,358 sqft and a lot size of 1.2178. 31040 Lorain Road is a studio with 0.0 baths and was built in 1951. The property's zip code is 44070 which is in North Olmsted, OH