Commercial Real Estate for Sale at 1404 Long Avenue in Lorain, OH for $360,000

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1404 Long Avenue | Lorain

$360,000 | 0.0 Sq. Ft.

Beautifully maintained and thoughtfully updated mixed-use brick property offering strong income potential and timeless character. This solid investment features four spacious one-bedroom apartments and one studio apartment, all currently occupied, providing immediate and consistent rental income. The ground level includes a large, highly visible storefront along with an additional one-bedroom unit, creating excellent flexibility for retail, office, or service use. The second floor offers three one-bedroom apartments and one studio, each thoughtfully updated to blend modern comfort while preserving the building\u2019s original charm. The lower level provides convenient laundry facilities and additional storage for tenants. Positioned on a busy corner, the street-level storefront benefits from exceptional visibility and strong exposure, offering endless potential for a variety of businesses. Major improvements include renovations to all residential units, two new baseboard heating units (2025), six new hot water tanks and two new wall furnaces (2024), brick tuckpointing (2024), and a new roof (2022). Ideally located just minutes from Black River Landing and Lake Erie, the property offers convenient access to waterfront events, dining, and recreation. A rare opportunity to own a well-maintained mixed-use property in a high-visibility location with established rental income. Schedule your private showing today. MLSNow 5191146 Directions to property: Cornet of W. 14th and Long Ave

MLS Listing ID: 
MLSNow 5191146
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$360,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Lorain
Address: 
1404 Long Avenue, Lorain, OH 44052
County: 
Lorain
Latitude: 
41.4557300
Longitude: 
-82.1750960
Directions: 
Cornet of W. 14th and Long Ave
Public Remarks: 
Beautifully maintained and thoughtfully updated mixed-use brick property offering strong income potential and timeless character. This solid investment features four spacious one-bedroom apartments and one studio apartment, all currently occupied, providing immediate and consistent rental income. The ground level includes a large, highly visible storefront along with an additional one-bedroom unit, creating excellent flexibility for retail, office, or service use. The second floor offers three one-bedroom apartments and one studio, each thoughtfully updated to blend modern comfort while preserving the building\u2019s original charm. The lower level provides convenient laundry facilities and additional storage for tenants. Positioned on a busy corner, the street-level storefront benefits from exceptional visibility and strong exposure, offering endless potential for a variety of businesses. Major improvements include renovations to all residential units, two new baseboard heating units (2025), six new hot water tanks and two new wall furnaces (2024), brick tuckpointing (2024), and a new roof (2022). Ideally located just minutes from Black River Landing and Lake Erie, the property offers convenient access to waterfront events, dining, and recreation. A rare opportunity to own a well-maintained mixed-use property in a high-visibility location with established rental income. Schedule your private showing today.
Community Information
School District: 
Lorain CSD - 4709
Building Details
Details about the building on a property.
Year Built: 
1919
Living Area: 
0.0
Basement: 
Full,Unfinished
Construction
Roof: 
Flat
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard,Electric,Gas
Cooling System: 
None
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Area): 
0.07
Public Record
Parcel Number: 
02-01-006-130-045
Annual Tax: 
$1,873.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP Realty, LLC.

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