506 Broadway 1 Lorain, OH ^$ 225,000

506 Broadway 1

^$ 225,000

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Recently Listed

506 Broadway 1

Lorain, OH, 44052

^$ 225,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,385

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Commercial Property for sale in Lorain, OH

for $225,000. This building was built in 1900 on a lot size of 0.01.

Prime Downtown Lorain retail storefront offers nearly 4,000 sq ft! Previously used as a retail clothing/uniform/tuxedo rental shop. Make your dream a reality! Would be great for restaurant, professional office space, retail sales, or you can choose to sublet sections for multiple entrepreneurs to set up shop under one roof and make money on your commercial investment!

Commercial Active

Price

^$ 225,000

Property Type

Commercial

Taxes

^$ 3,267

Style

Lot Size

0.01

Year Built

1900

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5193492

Features

General

Sewer Public Sewer

Heating Forced Air Gas

Cooling Central Air

Possession Negotiable

Year Built 1900

Township Lorain

Unit Number 1

Property Subtype Mixed Use

Tax Year 2025

County Lorain

Property Type Commercial Sale

Attached Garage false

Subdivision Name Broadway Redev Condo

Status Active

Directions West Erie to Broadway

City Lorain

Disclosures Owner Is Listing Agent

High School District Lorain CSD - 4709

Lot Size Units Acres

Tax Annual Amount 3267

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active

Middle/Junior School District Lorain CSD - 4709

Elementary School District Lorain CSD - 4709

Year Built Source Public Records

Property Sub Type Additional Mixed Use

Legal Description 60.63 assessment included in taxes for streetscape.

Interior

Basement Unfinished

Total Stories 1

Basement (Y/N) true

Air Conditioning Y/N true

Heating Y/N true

Main Level Bathrooms 0

Total Baths 0

Exterior

Parking Features On Street

Water Source Public

Lot Size Area 0.01

Building Area Total 3978

Lot Size Acres 0.01

Lot Size Source Assessor

* Excluded Features

List By

Denise M Rakich

Listing Agent

Russell Real Estate Services

Broker

deniserakich@gmail.com

Affordability Calculator

$1,658

Per Month

Monthly Principal & Interest: $1,385
Monthly Property Taxes: $272
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$509,044

Percent of Sale Price 126%

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.

4458042 Elementary School

4458082 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/15/2026	$225,000		Listed Price

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506 Broadway 1, Lorain, OH, 44052 is a Commercial Property for sale at $225,000 with a lot size of 0.01. 506 Broadway 1 was built in 1900. The property's zip code is 44052 which is in Lorain, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 3/16/2026.

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506 Broadway 1

Commercial Property for sale in Lorain, OH

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