INNOVATE Real Estate
Retail at 523 W 23rd Street, Lorain
Two-story commercial building with a corner lot, featuring a brown brick facade and roll-down security shutters - 523 W 23rd Street, Lorain
Two-story residence with a prominent turret, covered front porch, and a dormer window - 523 W 23rd Street, Lorain
Victorian-style residence with a prominent turret feature, a covered front porch, and a hip roof - 523 W 23rd Street, Lorain
Residential neighborhood with mature trees, established streets, and a mix of architectural styles - 523 W 23rd Street, Lorain
Additional content - 523 W 23rd Street, Lorain
Additional content - 523 W 23rd Street, Lorain
Additional content - 523 W 23rd Street, Lorain
Additional content - 523 W 23rd Street, Lorain
Additional content - 523 W 23rd Street, Lorain
Top of Structure - 523 W 23rd Street, Lorain
Top View of the Property Lines - 523 W 23rd Street, Lorain
12 photos

$199,888

523 W 23rd Street
Lorain, OH 44052
Listed by Holly Wilsey · The Sweda Group, LLC.
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1960

About this home

Prime corner location opportunity in Lorain! Formerly home to Rudy's Market. This freestanding 1,584 sq. ft. building offers excellent visibility at the corner of 23rd Street and Oakdale Avenue and presents exciting opportunities for an owner-occupant, entrepreneur or investor with a vision for space. The open floor plan provides flexibility for a variety of potential uses. This property features a full bathroom, central air (2021), and new roof (2020). Additional updates include the electrical system and panel, plumbing and light fixtures. The rear of the property includes two small driveways with plenty of additional space for potential parking. Conveniently located near Central Park and surrounded by an established residential neighborhood, this property offers a unique opportunity to bring your business concept to life in a location with a history of serving the local community. Schedule your showing today and explore all the possibilities! Buyer to verify zoning, permitted uses, parking requirements, and all intended uses with the City of Lorain.

Property details

MLS
NOWDD
MLS #
5244898
Property type
Retail
Subdivision
Hogans Add 03
Status
Active
Days on market
20
On market date
September 14, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.09 acres

Location

Get directions →
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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
0.29 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
0.46 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
High
New Beginnings
0.96 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
103
Student:teacher ratio
20.6:1
District
Lorain City

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).

61
Walkable
out of 100
EPA National Walkability Index
7.0 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes15
Grocery stores6
Parks10
Schools9
Transit stops20
Pharmacies4

Market position

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

On the market 20 days -- 45 fewer days than Lorain's current average of 65 days.
For reference, the median list price across 253 active listings in Lorain right now is $158,000.

Mortgage calculator

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

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%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$1,354/mo
$39,978 down
$159,910 loan
Principal & interest$1,037
Property tax (est.)$167
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 16 days ago.

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.