Land Available with Home on Busy Lorain Road Near I-480 and Turnpike

31238 Lorain Rd North Olmsted, OH 44070

31238 Lorain Rd, North Olmsted, OH, 44070
31238 Lorain Rd, North Olmsted, OH, 44070
Property Type:
Multifamily Land
Last Verified:
Dec 16, 2020


  • Lot Size: 0.73 Acres
  • Frontage: 163' of frontage on Lorain Road
  • Depth: 389'
  • Building Size: 1,692 SF Cape Cod style home on land
  • Zoning: B-2, Office/Service
  • Utilities: Gas, Electric, Water and Sewer at site
  • Traffic Count: 8,604 on high traffic road
  • Nearest Highway: .4 miles to I-480, 1 mile to I-80
  • Annual Taxes: $2,976


31238 Lorain Road in North Olmsted, Ohio is .73 acres with a 1,692 SF Cape Cod style home that sits on the land. The home has a kitchen and bathrooms and could be converted back to an office or kept as single family use. It was remodeled 6 years ago and updated with new windows. The frontage is 163' on Lorain Road and the depth is 389'. Zoned Commercial B-2 - Office/Service. Gas, electric, and sewer at site. 31238 Lorain Road would make for a great potential redevelopment opportunity!

Located on Lorain Road, East of I-80 and West of Great Northern Mall, borders North Ridgeville. Near Industrial Parkway/Barton. High traffic area!

Year Built: 1936
Building Class: C
Lot Size: 0.73 acres

Map of 31238 Lorain Rd, North Olmsted, OH, 44070

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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