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1641 Root Road Lorain, OH $ 1,600,000
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$ 1,600,000 Get more info
1641 Root Road
$ 1,600,000
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1641 Root Road

Lorain, OH, 44052
$ 1,600,000
Baths0.0

Monthly Estimate*

$ 11,176

1641 Root Road, Lorain, OH 44052 - Image 1
Studio

Commercial Property for sale in Lorain, OH

for $1,600,000. This building was built in 1900 on a lot size of 16.1.

This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area. The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.

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Commercial Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,488

Style

Lot Size

16.1

Year Built

1900

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

4475297
Features
General
Possession DeliveryOfDeed
Year Built 1900
Property SubType MixedUse
Additional Parcels Description 0300058101038 0300058101032
County Lorain
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Sheffield
Garage Y/N N
Status Active
Directions Colorado Ave. to Root Rd. North on Root. Property on East side of Rd.
City Lorain
View Y/N N
Senior Community Y/N N
High School District Lorain CSD - 4709
Waterfront Y/N N
Carport Y/N N
Street Name Root
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3488.0
Home Warranty Y/N N
Property Condition Unknown
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 80
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Lorain CSD - 4709
Elementary School District Lorain CSD - 4709
Property Sub Type Additional MixedUse
Legal Description .88 ACRE FRNT 0116.00 DPTH 0330.00
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Exterior
Lot Size Area 16.1
Number of Buildings 1
Spa N
Lot Size Acres 16.1
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
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Internal Only
Street Number 1 1641
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* Excluded Features
List By
Judy Wargo

Listing Agent

Mac Realty Inc.

Broker

judereal@aol.com

Email

Affordability Calculator

$11,467
Per Month
97%
3%
0%
Monthly Principal & Interest
$11,176
Monthly Property Taxes
$291
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457626 Elementary School
4457488 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/18/2023$1,600,000 Listed Price

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1641 Root Road, Lorain, OH, 44052 is a Commercial Property for sale at $1,600,000 with a lot size of 16.1. 1641 Root Road is a studio with 0.0 baths and was built in 1900. The property's zip code is 44052 which is in Lorain, OH

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