45445 US Highway 20 Oberlin, OH $ 700,000
45445 US Highway 20
$ 700,000
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45445 US Highway 20

Oberlin, OH, 44074
$ 700,000
Bedrooms-- Baths--

Monthly Estimate*

$ 4,420

45445 US Highway 20, Oberlin, OH 44074 - Image 1
45445 US Highway 20, Oberlin, OH 44074 - Image 2
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45445 US Highway 20, Oberlin, OH 44074 - Image 8
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45445 US Highway 20, Oberlin, OH 44074 - Image 10
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45445 US Highway 20, Oberlin, OH 44074 - Image 13
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Commercial Property for sale in Oberlin, OH

for $700,000. This building was built in 1954 on a lot size of 3.25.

Rare opportunity to expand your real estate investment portfolio! This exceptional income-producing property features 14 total rental units situated on 3.25 acres with convenient access from Kipton Nickel Diagonal Road, and U.S. Route 20. The property includes 10 residential units, each offering 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that will remain with the property. The metal roof was replaced approximately three years ago. Also included is a 72' x 162' outbuilding with concrete floors, currently occupied by an established mechanic's business, providing additional commercial rental income. Above the outbuilding are 4 additional apartment units, further enhancing the property's revenue potential. This is a 100% occupied investment, with all residential units and the commercial space currently leased, providing immediate cash flow from day one. This well-maintained, fully leased property offers multiple income streams and outstanding long-term investment potential. Showings require a fully executed purchase contract and a minimum of 48 hours' notice.

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Commercial Active

Price

$ 700,000

Property Type

Commercial

Taxes

$ 11,594

Style

Lot Size

3.25

Year Built

1954

Town/City

Oberlin

County/Region

Lorain

MLS | Web ID

5225081

Features
General
Sewer Holding Tank Septic Needed Septic Tank
Heating Forced Air Gas
Cooling None
Possession Delivery Of Deed
Roof Metal
Year Built 1954
Township Pittsfield Twp
Property Subtype Retail
Tax Year 2024
Current Use Multi-Family Mixed Use Residential Retail Single Family Warehouse
Business Type Residential Warehouse
County Lorain
Property Type Commercial Sale
Attached Garage false
Subdivision Name Pittsfield
Status Active
Directions Between 511 and 58 on South side of RT 20
City Oberlin
High School District Oberlin CSD - 4712
Zoning Description Commercial
Number Of Units Total 10
Lot Size Units Acres
Tax Annual Amount 11594
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Oberlin CSD - 4712
Elementary School District Oberlin CSD - 4712
Year Built Source Public Records
Property Sub Type Additional Mixed Use
Legal Description S/L 17 LOT # 17
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Interior
Basement Apartment
Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Fencing None
Water Source Public
Lot Size Area 3.25
Foundation Details Slab
Number of Buildings 1
Building Area Total 9266
Lot Size Acres 3.25
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Janet L Sprecher

Listing Agent

Re/Max Transitions

Broker

janetsprechersold@gmail.com

Email

Affordability Calculator

$5,386
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,420
Monthly Property Taxes
$966
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4458958 Elementary School
4458907 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$700,000 Listed Price

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45445 US Highway 20, Oberlin, OH, 44074 is a Commercial Property for sale at $700,000 with a lot size of 3.25. 45445 US Highway 20 was built in 1954. The property's zip code is 44074 which is in Oberlin, OH