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1310 Colorado Ave
Lorain, OH 44052
Industrial Property For Sale


Investment Highlights
- Fully renovated multi-functional commercial property with over 25,000 SF.
- Three warehouse sections feature approximately 20-foot clear heights.
- Property will transfer vacant, allowing immediate occupancy or repositioning.
- Includes event space, assembly area, offices, warehouses, and support areas.
- Equipped with 3-phase 220-amp power and two overhead loading doors.
- Non-load-bearing walls provide flexibility for future reconfiguration.
Executive Summary
1310 Colorado Avenue presents an opportunity to acquire a fully renovated multi-functional commercial property positioned in Lorain, Ohio. The property contains more than 25,000 square feet of adaptable space designed to support a wide range of business, institutional, industrial, and event-related uses. The building currently includes a large event and convention area, a separate congregation or assembly space, four office suites, two kitchen areas, five bathrooms, and three distinct warehouse sections, creating flexibility for owner-users, investors, or organizations seeking a property capable of accommodating multiple operations under one roof.
Extensive capital improvements have enhanced both functionality and long-term usability. Renovations include a complete interior remodel, upgraded electrical systems, security system installation, new heating systems with two furnaces, multiple air conditioning units, refinished exterior finishes, updated flooring, ceilings, fixtures, and paint. The warehouse areas feature approximately 20-foot clear heights, two overhead loading doors, and 3-phase 220-amp power, supporting a variety of industrial, storage, manufacturing, or distribution requirements. A sixth area has been plumbed for an additional restroom, offering future expansion potential.
Situated within the City of Lorain, the property benefits from access to regional transportation routes serving the greater Cleveland metropolitan area and Northeast Ohio. Block construction and non-load-bearing interior walls provide flexibility for future reconfiguration, allowing users to tailor the layout to evolving operational needs. The property will be delivered vacant at closing, creating immediate occupancy opportunities for an owner-user or the ability to lease individual sections to multiple tenants.
Extensive capital improvements have enhanced both functionality and long-term usability. Renovations include a complete interior remodel, upgraded electrical systems, security system installation, new heating systems with two furnaces, multiple air conditioning units, refinished exterior finishes, updated flooring, ceilings, fixtures, and paint. The warehouse areas feature approximately 20-foot clear heights, two overhead loading doors, and 3-phase 220-amp power, supporting a variety of industrial, storage, manufacturing, or distribution requirements. A sixth area has been plumbed for an additional restroom, offering future expansion potential.
Situated within the City of Lorain, the property benefits from access to regional transportation routes serving the greater Cleveland metropolitan area and Northeast Ohio. Block construction and non-load-bearing interior walls provide flexibility for future reconfiguration, allowing users to tailor the layout to evolving operational needs. The property will be delivered vacant at closing, creating immediate occupancy opportunities for an owner-user or the ability to lease individual sections to multiple tenants.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1954/1979 |
| Property Subtype | Manufacturing | Parking Ratio | 1.35/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.69 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 25,000 SF | ||
| Zoning | N/Av, Lorain City | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.69 AC |
| Rentable Building Area | 25,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/1979 |
| Parking Ratio | 1.35/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | N/Av, Lorain City |
Amenities
- Signage
Property Taxes
| Parcel Number | 02-00-051-142-001 | Improvements Assessment | $1,089,803 CAD |
| Land Assessment | $44,908 CAD | Total Assessment | $1,134,711 CAD |
Property Taxes
Parcel Number
02-00-051-142-001
Land Assessment
$44,908 CAD
Improvements Assessment
$1,089,803 CAD
Total Assessment
$1,134,711 CAD
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