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506 Broadway 1 Lorain, OH $ 245,000
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$ 245,000 Get more info
506 Broadway 1
$ 245,000
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506 Broadway 1

Lorain, OH, 44052
$ 245,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,528

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Commercial Property for sale in Lorain, OH

for $245,000. This building was built in 1900 on a lot size of 0.01.

Location, Location, Location! Prime first floor location downtown Lorain! Nearly 4,000 sq ft with plenty of options for you! Whether you dream of opening a retail establishment, restaurant, or professional offices, You could also use part for yourself, and lease some to other entrepreneurs. 506 Broadway is located in the heart of the revitalized Lorain Broadway Streetscape!

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Commercial Active

Price

$ 245,000

Property Type

Commercial

Taxes

$ 3,266

Style

Lot Size

0.01

Year Built

1900

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5097709
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 2024
County Lorain
Property Type Commercial Sale
Attached Garage false
Subdivision Name Broadway Redev Condo
Status Active
Directions West Erie Ave to Broadway
City Lorain
Disclosures Owner Is Listing Agent
High School District Lorain CSD - 4709
Lot Size Units Acres
Tax Annual Amount 3266.81
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
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 UNIT I BROADWAY REDEV. CONDO N.
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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
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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
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* Excluded Features
List By
Denise M Rakich

Listing Agent

Russell Real Estate Services

Broker

deniserakich@gmail.com

Email

Affordability Calculator

$1,801
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,528
Monthly Property Taxes
$272
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4458042 Elementary School
4458082 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/19/2025$245,000 -3.92% Price Down
8/29/2025$255,000 Listed Price

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506 Broadway 1, Lorain, OH, 44052 is a Commercial Property for sale at $245,000 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

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