35
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$325,000
Est. payment /mo
3,049 Sqft Lot
Price Dropped by $24K
1404 Long AVE Lorain, OH 44052
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5191146
HOA Y/N No
Year Built 1919
Annual Tax Amount $1,873
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Property Description
Beautifully maintained and thoughtfully updated mixed-use brick property offering strong income potential and timeless character. This solid investment features four spacious one-bedroom apartments and one studio apartment, all currently occupied, providing immediate and consistent rental income. The ground level includes a large, highly visible storefront along with an additional one-bedroom unit, creating excellent flexibility for retail, office, or service use. The second floor offers three one-bedroom apartments and one studio, each thoughtfully updated to blend modern comfort while preserving the building's original charm. The lower level provides convenient laundry facilities and additional storage for tenants. Positioned on a busy corner, the street-level storefront benefits from exceptional visibility and strong exposure, offering endless potential for a variety of businesses. Major improvements include renovations to all residential units, two new baseboard heating units (2025), six new hot water tanks and two new wall furnaces (2024), brick tuckpointing (2024), and a new roof (2022). Ideally located just minutes from Black River Landing and Lake Erie, the property offers convenient access to waterfront events, dining, and recreation. A rare opportunity to own a well-maintained mixed-use property in a high-visibility location with established rental income. Schedule your private showing today.
Location
State OH
County Lorain
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Electric, Gas
Cooling None
Fireplace No
Exterior
Roof Type Flat
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-006-130-045
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Joe Vaccaro • EXP Realty, LLC. • joe@vaccaroteam.com, 216-503-7007
NEARBY SCHOOL & BUSINESS
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