Commercial Real Estate for Sale at 1641 Root Road in Lorain, OH for $1,600,000

Listing data updated December 7, 2023 - 1:06pm
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1641 Root Road | Lorain

$1,600,000 | 0.0 Sq. Ft.

This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area. \r\nThe value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available. MLSNow 4475297

Directions to property: Colorado Ave. to Root Rd. North on Root. Property on East side of Rd.

MLS Listing ID: 
MLSNow 4475297
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,600,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Lorain
Address: 
1641 Root Road, Lorain, OH 44052
County: 
Lorain
Latitude: 
41.4658280
Longitude: 
-82.1317550
Directions: 
Colorado Ave. to Root Rd. North on Root. Property on East side of Rd.
Public Remarks: 
This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area. \r\nThe value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.
Community Information
School District: 
Lorain CSD - 4709
Subdivision: 
Sheffield
Building Details
Details about the building on a property.
Year Built: 
1900
Living Area: 
0.0
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
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
16.1
Lot Size (Area): 
16.1
Public Record
Parcel Number: 
03-00-058-101-033
Annual Tax: 
$3,488.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Judy Wargo
Listing Office Name: 
MAC Realty Inc.

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