Commercial at V/L Broadway, Lorain
1 photo

$49,900

V/L Broadway
Lorain, OH 44052
Listed by Andrea Neal · Russell Real Estate Services
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Large corner commercial lot with income-producing potential! The property currently generates income through month-to-month billboard and parking-lot leases. The parcel is partially paved and ideally located in downtown Lorain, close to major highways, shopping, restaurants, churches, schools, grocery stores, and so much more. Invest today and put this commercial opportunity to work for you!

Highlights

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Property details

MLS
NOWDD
MLS #
5242996
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
12
On market date
September 5, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.11 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.

Elementary
Hawthorne Elementary School
0.41 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
0.89 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
1.26 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 12 days -- 52 fewer days than Lorain's current average of 64 days.
For reference, the median list price across 253 active listings in Lorain right now is $158,750.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$451/mo
$9,980 down
$39,920 loan
Principal & interest$259
Property tax (est.)$42
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 17, 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.