Prime Downtown Location. 3 story well maintained office building with full basement. - 520 Broadway, Lorain
High visibility street view.  Main business district. - 520 Broadway, Lorain
Newer Roof
Includes elevator and two stairwells. 
Security system. - 520 Broadway, Lorain
High traffic/high visibility location. - 520 Broadway, Lorain
Close proximity to the lake. - 520 Broadway, Lorain
Lobby - 520 Broadway, Lorain
Insurance company on 1st floor. - 520 Broadway, Lorain
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Conference room. - 520 Broadway, Lorain
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Conference Room - 520 Broadway, Lorain
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Conference Room - 520 Broadway, Lorain
Conference Room - 520 Broadway, Lorain
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$799,900

520 Broadway
Lorain, OH 44052
Listed by Christopher A Frederick · Coldwell Banker Schmidt Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1920

About this home

Established & exceptionally well-maintained 3-story professional office building in a prime downtown location at the center of the city’s revitalization & entertainment district! Long-term owner-occupied w/pride of ownership evident throughout, prestigious approximately 15,000 sq ft building per owner is nearly fully occupied w/only approximately 500 sq ft currently available. Positioned on a highly visible, busy street just steps from the Port Authority plus within walking distance to the lake, property offers unmatched accessibility & exposure in the heart of downtown activity & city celebrations. Surrounded by ongoing redevelopment and upscale entertainment venues, the location simply cannot be duplicated. Building features a beautiful exterior, excellent street-front signage visibility, elevator access w/ability to lock off individual floors, two stairwells, full basement for additional utility/storage. Lobby has been tastefully upgraded w/tile accents, creating a professional & inviting first impression. Each floor includes two restrooms, and the spacious office suites offer flexibility for a variety of business uses. Current occupants include established attorneys, insurance professionals, & property management. Upper two floors offer flexible occupancy options for potential owner-users or investors, while the first floor remains leased w/stable tenancy in place. Additional improvements include a newer roof, updated air conditioning systems, elevator updates, & abundant windows providing excellent natural light throughout. Access to the newly beautified rear alley further enhances convenience and appeal. Exceptional opportunity for investors, owner-users, or those seeking a prestigious downtown presence w/endless possibilities for future growth & subdivision potential.

Property details

MLS
NOWDD
MLS #
5202333
Property type
Office
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
May 15, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
10
Lot size
0.14 acres
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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.

ElementaryCharter
Lorain Bilingual Preparatory Academy
0.18 mi away · Grades 0-8
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
286
Student:teacher ratio
16.8:1
District
Lorain Bilingual Preparatory Academy
MiddleCharter
Constellation Schools: Lorain Community Middle
0.39 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
112
Student:teacher ratio
28.0:1
District
Constellation Schools: Lorain Community Middle
HighCharter
Summit Academy School - Lorain
0.81 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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

58
Somewhat walkable
out of 100
EPA National Walkability Index
11.7 / 20 -- Above average walkable

Market position

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

On the market 0 days -- 64 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
$4,967/mo
$159,980 down
$639,920 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated May 15, 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.