- 3,978
- sqft
- 1900
- year built
- Status:
- Active
- MLS #:
- 5193492
- Neighborhood:
- Broadway Redev Condo
- County:
- Lorain
- Listed By:
- Denise M Rakich - Russell Real Estate Services
- Agent Phone:
- (440) 320-3611
- Agent Email:
- deniserakich@gmail.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
Prime Downtown Lorain retail storefront offers nearly 4,000 sq ft! Previously used as a retail clothing/uniform/tuxedo rental shop. Make your dream a reality! Would be great for restaurant, professional office space, retail sales, or you can choose to sublet sections for multiple entrepreneurs to set up shop under one roof and make money on your commercial investment! AI images added to depict some ides for use of space.
Highlights
- Commercial Sale
- Mixed Use
- Built in 1900
- 0.01 Acre Lot
- 240 days on Market
-
- Year Built
- 1900
-
- Stories
- 1.0
-
- Parking Features
- On Street
-
- Cooling
- Central Air
-
- Heating
- Forced Air, Natural Gas
-
- Basement
- Unfinished
-
- Acres
- 0.01
-
- Water
- Public
-
- County
- Lorain
-
- City
- Lorain
-
- Neighborhood
- Broadway Redev Condo
-
- Zip Code
- 44052
-
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preferred mortgage partner
your partner for Lorain county
Chris Simpson
LO NMLS #: 157878
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Price History
| 09/12/2026 | Price Changed | $185,000 |
| Source: MLS Now #5193492 | ||
| 03/15/2026 | Listed | $225,000 |
| Source: MLS Now #5193492 | ||
| 03/15/2026 | Listed | $2,000 |
| Source: MLS Now #5193489 | ||
| 02/01/2025 | Off Market | — |
| Source: MLS Now #5097709 | ||
Source: MLS Data
Mortgage History
| 07/10/2002 | Unknown | $66,284 |
Source: Public records via Constellation Data Labs
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Look Throughout Lorain
There are currently 240 properties available in Lorain, with 18 under contract to close soon. Properties in the city have an average sale price of $191,232 and typically spend 84 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 506 Broadway 1?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 506 Broadway 1.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 506 Broadway 1?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $185,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Lorain, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 506 Broadway 1?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 506 Broadway 1 at around $1,325. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 506 Broadway 1?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Lorain County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 506 Broadway 1?
In most cases, yes. Whether 506 Broadway 1 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lorain's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 506 Broadway 1?
We can handle that for you. Our preferred local agent specializes in commercial sales in Lorain and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $185,000 with 3,978 sqft of space—that comes out to approximately $47 per square foot.
How long has this property been on the market?
506 Broadway 1 was listed on March 15, 2026, which means it's been on the market for 240 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1900, making it approximately 126 years old.
What is the lot size of this property?
506 Broadway 1 sits on a 0.01-acre lot, which is 436 square feet.
What are the property taxes for 506 Broadway 1?
The most recent public record shows annual property taxes for 506 Broadway 1 were approximately $3,267. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 506 Broadway 1 still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Now. All rights reserved.
Last Updated: November 10, 2026 at 04:54AM | Source: MLS Now | MLS#: 5193492
