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Investment Highlights

  • Approximately 9,180 SF on 1.21 acres with additional rear land for outside storage or future use.
  • Warehouse features high ceilings, overhead doors, mezzanine storage, and an existing overhead crane.

Executive Summary

Value add industrial opportunity consisting of approximately 9,180 SF on 1.21 acres in Lorain. The property includes approximately 7,200 SF of warehouse/manufacturing space and 1,980 SF of office space across two buildings. While the property requires significant renovation and deferred maintenance, it offers a solid opportunity for an owner occupant, contractor, or investor looking to reposition an industrial asset.

Property Facts

Price $459,000
Price Per SF $50
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 1.21 AC
Rentable Building Area 9,180 SF
No. Stories 1
Year Built 1900
Parking Ratio 1.85/1,000 SF
Opportunity Zone Yes
Zoning 480-COMMERCIAL WAREHOUSE - SHEFFIELD LAND CO 200 X 125 LOT # 38 & 39

Amenities

  • Fenced Lot
  • Mezzanine
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 03-00-086-102-016
  • 03-00-086-101-003
  • 03-00-086-101-002
Land Assessment
$18,929
Improvements Assessment
$65,783
Total Assessment
$84,712
  • Listing ID: 41094740

  • Date on Market: 6/29/2026

  • Last Updated:

  • Address: 1945 E 28th St, Lorain, OH 44055

Contact the Sale Advisor

1945 E 28th St

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