1507-1511 Lincoln Boulevard, Lorain, OH 44055

$150,000

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Sold Price
$150,000
List Price
$150,000
Status
CLOSED
Days on Market
145
Closing Date
Jul 16, 2025
MLS#
5099014
Subtype
Commercial Sale
Year Built
1900
Acres
2.51
Subdivision
Sheffield
Neighborhood
Sheffield
MLS Area Major
Sheffield Twp

Property Description

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!!

Additional Information

Taxes
$577
Heating
Forced Air, Gas
Air Conditioning
None
Roof
Asphalt, Fiberglass, Flat
Parking Features
Driveway, On Site, Outside, Paved
School District
Clearview LSD - 4704

Listing Courtesy of: Majdey Taye, TheTayeGroup@gmail.com With RE/MAX Transitions

Selling Office: RE/MAX Transitions.

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