2.5 Acres of Improved Commercial Land for Sale in Lorain, Ohio
1507 Lincoln Blvd # 1511, Lorain, OH 44055
Welcome to the expansive commercial property at 1507-1511 Lincoln Blvd in Lorain! This remarkable property stands out with its vast wrap-around parking lot, spans 2 parcels & provides full access from the street to a generous 2.51 acres. The building is a substantial structure, totaling 11,000 sq ft, 5,500 sq ft above ground & an additional 5,500 sq ft below ground, accessible by a full walk-out. Providing a wealth of usable square footage, presenting endless possibilities for the new buyer to envision & customize according to their needs. Situated on a fully paved lot, the property boasts convenience and accessibility, with multiple handicap ramps strategically placed around the entire building, ease of access from both the front & back parking lots. The building's design features three front entrances, offering remarkable flexibility; it can be divided into three individual units or left open, catering to a variety of uses. Inside, the main floor has undergone extensive renovations, with a complete gutting to the studs, and all electrical and plumbing systems upgraded. While the lower level remains untouched, it offers a blank slate for customization, allowing the new owner to tailor the space to their specific needs. This unique property is being offered As-Is, presenting a rare opportunity for someone with a vision to bring it to life. Previously owned by a church, unable to cover renovation costs, are ready to pass the torch. This property serves as an ideal space for a creative mind, offering the potential for various ideas, from medical or office use to other innovative ventures. Whether you're an entrepreneur seeking a prime location for a new business venture or an investor looking to capitalize on the growing area, this property stands as a beacon of opportunity. Seize the chance to turn this location into an extraordinary destination, and don't miss out on the potential for growth and success. Act now & make this property the place for your next venture!!
Directions
State Route 57 North to North Ridge Road to Elyria Avenue to Lincoln Boulevard
Property details
- County
- Lorain County
- Community
- Sheffield
- Elevation
- 715 feet
- MLS Number
- NEOHREX 4493465
- Date Listed
Parcels
- 03-00-112-102-020
Property taxes
- Year not provided
- $577
Detailed attributes
Listing
- Type
- Commercial
- Franchise
- Coldwell Banker Real Estate
Structure
- Stories
- 1
- Roof
- Asphalt
- Heating
- Forced Air, Natural Gas
Exterior
- Parking Spots
- 100
Property utilities
Category | Type | Status | Description |
---|---|---|---|
Gas | Natural Gas | Connected | — |
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Mar 20, 2024 | Price decrease | $399,000 | $26,000 -6.1% | NEOHREX |
Feb 25, 2024 | Price decrease | $425,000 | $25,000 -5.6% | NEOHREX |
Feb 11, 2024 | Price decrease | $450,000 | $49,900 -10% | NEOHREX |
Jan 18, 2024 | Price decrease | $499,900 | $25,100 -4.8% | NEOHREX |
Jan 8, 2024 | Price decrease | $525,000 | $50,000 -8.7% | NEOHREX |
Dec 18, 2023 | Price decrease | $575,000 | $50,000 -8% | NEOHREX |
Dec 3, 2023 | Price decrease | $625,000 | $24,900 -3.8% | NEOHREX |
Oct 31, 2023 | Price decrease | $649,900 | $50,000 -7.1% | NEOHREX |
Oct 4, 2023 | New listing | $699,900 | — | NEOHREX |