$325,000
About this home
Be part of the continued revitalization of Downtown Lorain with this exceptional opportunity on the highly desirable 400 Block of Broadway. This former restaurant space is ready for its next visionary owner to reimagine and bring new energy — whether culinary, retail, office, or mixed-use — to the heart of the city. The first level offers flexible layout options and can be divided to accommodate multiple business concepts or tenants. The second level presents additional income or operational potential, ideal for office space, apartments, meeting rooms, conference space, or creative studios. Located in a prime downtown corridor with strong foot traffic, the property offers ample on-street and off-street parking for convenience. Just minutes from Lake Erie, the hotel, and Black River Landing, this location benefits from year-round community events, waterfront attractions, and continued investment in the downtown district. An incredible opportunity to establish your business in one of Lorain’s most exciting growth areas.
Property details
- MLS #
- 5187619
- Property type
- MixedUse
- Subdivision
- N/A
- Status
- Active
- Days on market
- 3
- On market date
- February 20, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.21 acres
Location
Get directions →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 (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 286
- Student:teacher ratio
- 16.8:1
- District
- Lorain Bilingual Preparatory Academy
- Enrollment
- 112
- Student:teacher ratio
- 28.0:1
- District
- Constellation Schools: Lorain Community Middle
- 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).
Market position
How this listing compares to current activity in Lorain, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated February 23, 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.