2104 E 28th St - Storefront Retail/Residential FOR SALE


Lorain, OH 44055
$149,900 USD
440-742-8394
2104 E 28th St, Lorain, OH for Sale
$149,900 USD
Storefront Retail/Residential - FOR SALE
1/29
null | 20.01% Cap Rate

2104 E 28th St
Lorain, OH 44055


HIGHLIGHTS

  • Outstanding Multi-Use Investment Opportunity — Fully Renovated. This turnkey property features all new systems and finishes throughout.
  • Rear parking available for tenants adds convenience and value.

OVERVIEW

Don't miss this exceptional Income-Producing Mixed Use Property! Commercial storefront plus 1BR and 2BR units above, each with parking. Rental potential: 1BR $700+, 2BR $800+, Commercial $1500+ for a total potential of $3,000 per month! This beautifully renovated property has been fully remodeled from top to bottom, offering both residential and commercial potential in one turnkey package. The second floor features two fully updated apartments: one 1-bedroom and one 2-bedroom unit. Each thoughtfully designed including brand-new cabinetry, fixtures, windows, doors, and stylish flooring throughout. Both units are move-in ready and ideal for generating immediate rental income. On the first floor, a spacious, open-concept commercial area offers endless possibilities for business or retail use. A separated back room includes a private restroom and storage area, perfect for flexible workspace needs. The basement features an access panel for additional usable floor space, adding even more value to this already impressive property. Extensive upgrades include: A new commercial-grade torch-down roof on the flat section and a newly installed sloped roof at the rear. Completely updated plumbing, including new water and gas lines. All-new electrical systems with separate meters for each of the three spaces. Full basement waterproofing, complete with a sump and discharge pump. With quality renovations, strong income potential, and flexible commercial use, this property is truly a rare find. Act quickly! Opportunities like this don't last long!

FOR SALE DETAILS

PRICE

$149,900 USD

PRICE/SF

$68 USD /SF

CAP RATE

20.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

I-1

APN/PARCEL ID

03-00-085-104-002

ASK ABOUT THIS PROPERTY

Daniel NuttHoward Hanna Real Estate ServicesMore Info
440-742-8394

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Daniel NuttHoward Hanna Real Estate ServicesMore Info
440-742-8394

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.