506 Broadway 1, Lorain, OH 44052
Broadway Redev Condo · Lorain County
Key Facts
Description
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!
Property Information
Property Type
Commercial Lease
Sub-Type
Mixed Use
Year Built
1900
Stories
1
Living Area
3,978 sq ft
Lot Size
0.01 acres
MLS® Listing#
5193489
Property Features
Cooling
Heating
Basement
Parking
Sewer
Water Source
Financial Details
Parcel Number
02-01-004-700-001
Directions
West Erie To Broadway
Affordability Calculator
$400
Estimated monthly payment
$11/mo
Principal $1,600 · Est. interest $2,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lorain, OH
- 37
- Median Days on Market
- 1,681
- Median Sq Ft
- $128
- Median Price / Sq Ft
- 127
- Active Listings
- Its price per sq ft is 100% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lorain, OH.
Location
Points of Interest in Lorain, OH
Showing the Lorain area map.
Nearby Schools
Lorain St. Mary's Academy & High School
Secondary · 0.2 mi away
Admiral King Elementary
Elementary · 0.3 mi away
Horizon Education Centers
School · 0.4 mi away
Lccaa Hopkins Locke Head Start
School · 0.4 mi away
Summit Academy
School · 0.8 mi away
Hawthorne Elementary School
Elementary · 1.0 mi away
St Anthony of Padua School
School · 1.1 mi away
Washington Elementary School
Elementary · 1.3 mi away
General Johnnie Wilson Middle School
Secondary · 1.4 mi away
Charleston Center School
School · 1.6 mi away
Lorain City Schools
School · 1.6 mi away
Lorain Preparatory High School
Secondary · 1.6 mi away
LCCC Community Learning Center at Lorain High School
Secondary · 1.6 mi away
Lorain High School
Secondary · 1.6 mi away
Frank Jacinto Elementary
Elementary · 1.7 mi away
Garfield Elementary School
Elementary · 1.7 mi away
Larkmoor Elementary School
Elementary · 1.8 mi away
St Peter School
School · 2.0 mi away
Stevan Dohanos Elementary School
Elementary · 2.4 mi away
Toni Morrison Elementary School
Elementary · 2.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1218 W 24th Street, Lorain, OH | $1,465/mo | 3 | 2 | 1,188 |
| 1760 Root Road, Lorain, OH | $2,000/mo | — | — | — |
| 301 Lakeside Avenue, Lorain, OH | $2,500/mo | — | — | — |
Moving Cost Estimate
EXIT Agents in Lorain
Listing Courtesy: Russell Real Estate Services - deniserakich@gmail.com, 440-320-3611
Last Updated: 2026-03-15