Commercial at V/L Broadway, Lorain
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$120,000

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

While other spend, YOU invest! Profitable future comes with this 75 ft frontage by 134 ft depth corner parcel. Perfectly located in Historic Downtown Lorain. Walking distance to beautiful Lake Erie, Palace Theater, Black River Landing, Rocking on the River, Ariel Hotel, restaurants, shopping, schools churches, parks, and so much more. Leverage into an investment with a future. Drive by this rare price-location combo TODAY!

Highlights

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Property details

MLS #
5101210
Property type
Commercial
Subdivision
Chamberlain
Status
Active
Days on market
7
On market date
February 18, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.07 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
0.12 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
0.52 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 7 days -- 48 fewer days than Lorain's current average of 55 days.
For reference, the median list price across 168 active listings in Lorain right now is $147,450.

Mortgage calculator

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

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Est. monthly payment
$873/mo
$24,000 down
$96,000 loan
Principal & interest$623
Property tax (est.)$100
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated November 18, 2025.

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.