1534 28Th StLorain, OH 44055

For Sale
$240,000

Prime Lorain location, income potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property in Lorain, Ohio, presents a unique investment opportunity. Located at 1534 E 28th Street, this 0.56-acre lot features a retail building with a fully operational auto body shop and a separate apartment. The auto body shop boasts a grandfathered-in custom spray/paint room, compliant with city, county, and EPA standards, a feature difficult to replicate today. This room is insulated, custom-built, and ventilated for professional use, and includes a recently updated paint mixing system with software and hardware, connected to a supplier for convenient refills. The shop also includes a frame straightening machine and other equipment, an office space, an open floor plan shop area with multiple large door entries, and is situated on three parcels, allowing for potential expansion. Adding to its versatility, a large one-bedroom, one-bathroom apartment is located above the shop, offering on-site living convenience or potential rental income. A detached garage is also included. The asking price is $240,000. This turnkey operation is ready for immediate use and offers significant income potential for a car enthusiast, experienced mechanic, or expanding business. The property's unique combination of retail space, auto body shop, and residential apartment makes it a truly exceptional investment opportunity.

Highlights

  • Exceptional investment opportunity: 0.56-acre lot with retail building, auto body shop, and apartment in Lorain, OH.
  • Fully operational auto body shop with grandfathered-in, EPA-compliant spray paint room, frame straightening machine, and other equipment.
  • Separate one-bedroom, one-bathroom apartment above the shop, offering rental income potential.
  • Includes a detached garage.
  • Asking price: $240,000.

Property Details for 1534 28Th St

Property type
Other retail properties, Other land
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.445056
Longitude
-82.1478774
1534 28Th St, Lorain, Ohio

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1534 28Th St
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