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Lorain, OH Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lorain, Ohio Market population: 64K. Explore income-producing properties with verified cap rates and operating...

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12 properties found
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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Lorain OH Properties: 1.7900%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Lorain OH

Common questions from investors exploring commercial real estate in Lorain OH.

What is the overall investment potential of Lorain, OH, considering its demographic and economic factors? +
The city's median household income of $33,610, combined with a poverty rate of 26.9% and a high health insurance coverage of 90.6%, suggests a working-class market with employment stability. The diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a strong presence of industries like Public Administration and Finance & Insurance, indicates a stable demand for housing. Additionally, the average commute time of 22.9 minutes and top commute methods like Drove Alone and Carpooled suggest a convenient location for residents.
How does the poverty rate and health insurance coverage impact the quality of tenants in Lorain, OH? +
The 26.9% poverty rate combined with 90.6% health insurance coverage suggests a working-class market with access to healthcare, indicating a relatively stable tenant base. The median age of 37.6 and employed population of 24,774 also contribute to a sense of stability, while the top industries like Public Administration and Finance & Insurance provide a steady source of employment, which can lead to reliable rent payments.
What are the key factors that influence the housing market in Lorain, OH, and how do they impact investment decisions? +
The median property value of $93,400, median property taxes of $14,546, and homeownership rate of 56.4% provide a comprehensive picture of the housing market in Lorain, OH. Considering the city's diverse population, with top ethnicities like White, White Non-Hispanic, and Hispanic, and a strong presence of industries like Wholesale Trade, investors can expect a stable demand for housing. The average commute time of 22.9 minutes and top commute methods also suggest a convenient location, making it an attractive option for renters and investors alike.
How does the ethnic diversity and industry presence in Lorain, OH impact the demand for housing and investment potential? +
The city's ethnic diversity, with top ethnicities like White, White Non-Hispanic, and Hispanic, contributes to a vibrant community with a strong demand for housing. The presence of top industries like Public Administration, Finance & Insurance, and Wholesale Trade provides a steady source of employment, which can lead to increased demand for housing. Additionally, the city's health insurance coverage of 90.6% and average commute time of 22.9 minutes suggest a high quality of life, making it an attractive location for residents and investors.
What are the implications of the GINI coefficient and poverty rate on the overall stability and investment potential of Lorain, OH? +
The GINI coefficient of 0.456 and poverty rate of 26.9% suggest a moderate level of income inequality, which can impact the stability of the housing market. However, the city's high health insurance coverage of 90.6%, median household income of $33,610, and employed population of 24,774 contribute to a sense of stability, while the top industries like Public Administration and Finance & Insurance provide a steady source of employment, making it an attractive location for investors seeking a balance of risk and potential returns.

Lorain OH Real Estate & City Facts

Key facts and real estate information about Lorain OH.

What are some of the best neighborhoods to live in Lorain? +
Some of the best neighborhoods to live in Lorain include Charleston Village, Oakwood Park, and Harbor Walk. These neighborhoods offer a range of housing options and are close to local amenities and attractions. However, it's worth noting that some areas of Lorain have experienced crime and safety issues, so it's a good idea to research and visit different neighborhoods before making a decision.
What are some fun things to do in Lorain? +
Lorain has a variety of attractions and activities to enjoy, including the Lorain Palace Theatre, Lakeview Park, and the Lorain Lighthouse. Visitors can also explore the city's downtown area, which features a range of shops, restaurants, and bars. For outdoor enthusiasts, there are plenty of opportunities for hiking, biking, and water sports in and around Lorain.
What is the food scene like in Lorain? +
The food scene in Lorain is diverse and vibrant, with a range of restaurants serving everything from traditional American cuisine to international flavors. Some popular spots include Diso's Bistro, Fran's Pizza and Eliseo's Pizza, and Speak of the Devil. There are also plenty of great food trucks and casual eateries to try, offering everything from tacos to BBQ to gourmet grilled cheese.
What are the pros and cons of living in Lorain? +
One of the pros of living in Lorain is its affordable cost of living, with lower housing costs and living expenses compared to other cities in the region. The city also has a strong sense of community, with a variety of festivals and events throughout the year. However, some cons of living in Lorain include higher crime rates and limited job opportunities in certain industries. Additionally, the city's economy has experienced challenges in recent years, which can impact the quality of life for residents.
Is Lorain a good place to live? +
Whether or not Lorain is a good place to live depends on your individual priorities and preferences. If you're looking for an affordable place to live with a strong sense of community, Lorain may be a good fit. However, if you're concerned about crime rates or limited job opportunities, you may want to consider other options. Ultimately, it's a good idea to visit Lorain and get a feel for the city before making a decision about whether it's the right place for you to call home.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Lorain OH Commercial Property: $33,610

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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