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2919 Grove Ave
Lorain, OH 44055
Retail Property For Sale

Investment Highlights

  • Offers excellent visibility and accessibility, just minutes from major highways.

Executive Summary

Versatile Mixed-Use Investment Opportunity in High-Traffic Location! Welcome to 2919 Grove Ave in Lorain, a unique mixed-use commercial property offering two combined storefronts along with a residential 3-bedroom living quarters featuring really spacious bedrooms. This flexible layout creates multiple income possibilities—ideal for an investor looking to generate rental income from both the commercial and residential spaces, or for an owner-operator who wants the convenience of living on-site while running their business. The property features separate utility meters, allowing the living quarters and storefronts to be independently metered for ease of management and flexibility. All spaces are equipped with central air conditioning and forced-air gas furnaces, providing comfort and efficiency year-round. Located in a high-traffic area surrounded by established businesses, this property offers excellent visibility and accessibility, just minutes from major highways. Whether you’re expanding your investment portfolio or seeking a live-work opportunity, this property presents strong potential in a convenient and well-traveled corridor.

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,256 SF
Building Class
C
Year Built
1949
Price
$104,347 CAD
Price Per SF
$46.25 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.12 AC
Zoning
Commercial
Frontage
42’ on Grove Avenue

Property Taxes

Property Taxes

Parcel Number
03-00-094-109-002
Land Assessment
$5,261 CAD
Improvements Assessment
$40,687 CAD
Total Assessment
$45,949 CAD
  • Listing ID: 38870295

  • Date on Market: 2025-12-23

  • Last Updated:

  • Address: 2919 Grove Ave, Lorain, OH 44055

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