Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 0-bedroom, 0-bathroom commercial at 520 Broadway in Lorain, OH is listed for $799,900. Built in 1920, on a 0.14 acres lot.

Agent Description

Established & exceptionally well-maintained 3-story professional office building in a prime downtown location at the center of the city's revitalization & entertainment district! Long-term owner-occupied w/pride of ownership evident throughout, prestigious approximately 15,000 sq ft building per owner is nearly fully occupied w/only approximately 500 sq ft currently available.

Positioned on a highly visible, busy street just steps from the Port Authority plus within walking distance to the lake, property offers unmatched accessibility & exposure in the heart of downtown activity & city celebrations. Surrounded by ongoing redevelopment and upscale entertainment venues, the location simply cannot be duplicated.

Building features a beautiful exterior, excellent street-front signage visibility, elevator access w/ability to lock off individual floors, two stairwells, full basement for additional utility/storage. Lobby has been tastefully upgraded w/tile accents, creating a professional & inviting first impression.

Each floor includes two restrooms, and the spacious office suites offer flexibility for a variety of business uses. Current occupants include established attorneys, insurance professionals, & property management. Upper two floors offer flexible occupancy options for potential owner-users or investors, while the first floor remains leased w/stable tenancy in place.

Additional improvements include a newer roof, updated air conditioning systems, elevator updates, & abundant windows providing excellent natural light throughout. Access to the newly beautified rear alley further enhances convenience and appeal. Exceptional opportunity for investors, owner-users, or those seeking a prestigious downtown presence w/endless possibilities for future growth & subdivision potential.

Key Features

  • Built in 1920
  • 0.14 acre lot
  • 10 parking spaces

Property Details

10 spaces
1920

Amenities

A/C

Monthly Cost Estimate

$4,278/mo

20% down · 6.5% · 30 years

Principal$578
Interest$3,466
Insurance$233

Estimates only. Actual payments may vary.

Location

520 Broadway

Lorain, OH 44052

Property Details

Parking

Off Street

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 520 Broadway is listed at $799,900. The estimated monthly payment is $3,466 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.14 acre lot, 10 parking spaces.

This property is listed by Christopher A Frederick and can be reached at 2162107653 or thefrederickteam@gmail.com.

CF

Christopher A Frederick

Agent at Coldwell Banker Schmidt Realty

(216) 210-7653

Listed by Coldwell Banker Schmidt Realty

MLS# 5202333· Source: listhub· Updated 17 days ago

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

520 Broadway, Lorain, OH 44052

Open this listing in: