Lorain, OH
Commercial Real Estate Market Trends & Data

$97 Avg asking sale price
$19 Avg asking lease rate
263,538 SF Avg unit lease size
16,628 SF Avg building size for sale
9.44% Average cap rate

Lorain's Demographic Profile

Lorain has 28,363 households and a median income of $43,775, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 69,497
# Households 28,363
Median age 40
Median household income $43,775
Avg household size 2.0
Renter-occupied housing units 12,742
5-year population change +5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lorain, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lorain $87 5,297 SF 10.00%
Sheffield $245 6,084 SF 7.00%
Elyria $186 16,934 SF 11.94%
Nearby Retail Markets Avg Cost/SF Typical Size
Lorain $197 20,890 SF
Sheffield $106 11,312 SF
Elyria $80 56,589 SF
Amherst $736 20,000 SF
Avon $459 13,802 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lorain $48 14,227 SF 9.24%
Brooklyn $77 7,319 SF 12.39%

Commercial Properties For Sale in Lorain

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Panera Bread - Cleveland (Amherst) OH

Amherst, OH 44001

  • 5,687 SF Retail Building
  • 5.75% Cap Rate
  • $2,956,500
For Sale

2227-2229 W 21st St

Lorain, OH 44052

  • 4,600 SF Retail Building
  • $239,900
For Sale

1657 Broadway Ave

Lorain, OH 44052

  • 62,878 SF Industrial Building
  • $3,999,999
For Sale

9.47 AC Potential Development Opportunity

Sheffield, OH 44055

  • 9.50 AC Lot
  • 1 Commercial Lot
  • $360,000
For Sale

Seneca Studios

Lorain, OH 44055

  • 10,000 SF Multifamily
  • $699,000
For Sale

Lowell Apartments - Assumable Debt

Lorain, OH 44055

  • 26,829 SF Multifamily
  • $1,399,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lorain pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lorain $97 16,628 SF
Sheffield $204 6,852 SF
Sheffield Village $107 1,307 SF
Sheffield Lake $155 7,710 SF
Elyria $130 26,686 SF

Regional Demographic Comparison

This comparison places Lorain alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lorain or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lorain 69,497 28,363 40 $43,775 2 12,742 5%
Sheffield 4,455 1,894 51 $88,333 2 605 5%
Sheffield Lake 9,157 3,931 43 $64,851 2 1,164 4%
Elyria 54,572 23,857 42 $47,629 2 9,981 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lorain, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lorain

View All Commercial Real Estate For Sale in Lorain
Is Lorain a good market for a first-time commercial real estate investor?

Lorain offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lorain?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lorain. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lorain?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lorain. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lorain compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lorain. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lorain acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lorain, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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