INNOVATE Real Estate
Business at 115 E 21st Street, Lorain
Paved parking area with marked spaces and directional arrows, concrete sidewalks, and landscaped grass sections - 115 E 21st Street, Lorain
Business at 115 E 21st Street, Lorain, photo 3 of 7
Business at 115 E 21st Street, Lorain, photo 4 of 7
Business at 115 E 21st Street, Lorain, photo 5 of 7
Paved surface with a multi-lane drive-thru structure - 115 E 21st Street, Lorain
Additional content - 115 E 21st Street, Lorain
7 photos

$249,900

115 E 21st Street
Lorain, OH 44052
Listed by William E Gallagher · Russell Real Estate Services
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1969

About this home

Prime Broadway Commercial Opportunity in Lorain! Former Bank drive-up ATM property consisting of five parcels totaling just under one acre along Broadway, one of Lorain’s primary commercial corridors. The property offers 45+ parking spaces, with pavement recently sealed and professionally striped. Existing drive-up configuration provides an excellent opportunity for an ATM/financial service, drive-through coffee shop, quick-service restaurant, or other similar commercial use, subject to zoning. High visibility, convenient access, ample parking, and nearly an acre of land make this a unique redevelopment or owner-user opportunity.

Property details

MLS
NOWDD
MLS #
5242465
Property type
Business
Subdivision
N/A
Status
Active
Days on market
4
On market date
September 4, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
45
Lot size
0.69 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hawthorne Elementary School
0.59 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
244
Student:teacher ratio
13.6:1
District
Lorain City
Middle
General Johnnie Wilson Middle School
0.98 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
453
Student:teacher ratio
17.4:1
District
Lorain City
HighCharter
Summit Academy School - Lorain
1.4 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
87
Student:teacher ratio
12.4:1
District
Summit Academy School - Lorain

Walkability

Blended score for Lorain's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

63
Walkable
out of 100
EPA National Walkability Index
8.3 / 20 -- Below average walkable
Google Places amenity density
95 / 100
Restaurants & cafes10
Grocery stores7
Parks7
Schools7
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Lorain, from live MLS data.

On the market 4 days -- 60 fewer days than Lorain's current average of 64 days.
For reference, the median list price across 255 active listings in Lorain right now is $158,750.

Mortgage calculator

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Est. monthly payment
$1,655/mo
$49,980 down
$199,920 loan
Principal & interest$1,297
Property tax (est.)$208
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 8, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.