1211 Tower Blvd | Lorain, OH 44053
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1211 Tower Blvd
Lorain, OH 44053
REIT Sale | Former Big Lots · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STARTING BID $150,000 | Former Big Lots | 16K VPD | 30K SF | Cleveland MSA | AUCTION JUNE 9-11, 2025
- Located at Signalized Entrance with 16K VPD Traffic Counts and Strategic Frontage on Prime Commercial Corridor
- 4.76% Population Growth from 2020-2024 and 4.4% Future Growth Projected from 2024-2029 (5-mile radius)
- 30,003 SF Former Big Lots on 3.9 AC Parcel in Lorain, OH (Cleveland MSA)
- Neighboring Retail: Walmart, Kohl’s, Home Depot, Starbucks, Cash America, Huntington Bank, and More
- Attractive Demographics with 5-Mile Population of ±104,325 and Average Household Income of ±$65,196
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,000 SF
Building Class
C
Year Built
1966
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.18
Lot Size
3.90 AC
Zoning
B-2 - General Business
Parking
150 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 02-02-006-108-055 | Improvements Assessment | $480,746 |
| Land Assessment | $142,702 | Total Assessment | $623,448 |
PROPERTY TAXES
Parcel Number
02-02-006-108-055
Land Assessment
$142,702
Improvements Assessment
$480,746
Total Assessment
$623,448
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