420 N Ridge Road WLorain, OH 44053

420 N Ridge Road WLorain, OH 44053

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$799,900 Active
Commercial - Retail MLS 5164618

Listed By

Agency Name: CENTURY 21 Asa Cox Homes
Agency Phone: 440-639-0002

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Commercial building with 6 acres of land to expand! Excellent opportunity to own a well-maintained 4,400 sq. ft. commercial building built in 2014, situated on 6 acres, offering ample space for future development or business expansion. The property features paved parking, beautifully landscaped gardens with a large water feature providing a welcoming setting for customers and clients. The interior offers a spacious retail area, currently utilized as a floral and décor retail business. This flexible space is suitable for a variety of commercial uses. The building layout accommodates both display and work areas that include a storage warehouse with overhead doors for deliveries-- making it ideal for retail, office, or mixed-use operations. This building is move-in ready, offers excellent visibility, modern construction, and abundant potential for future growth. Conveniently positioned just minutes from I-90, offering excellent accessibility for customers and deliveries. The opportunities are endless: Home décor, boutique clothing or gift shop, garden center or nursery (especially with the 6 acre & pond/garden setting), antique or consignment store, farm market or local artisan shop, winery, brewery, or tasting room with elegant outdoor space, Café or coffee shop with outdoor seating, Farm-to-table restaurant or bakery, event catering venue, Specialty food market or deli, photography studio, yoga & wellness retreat center, spa, salon or fitness studio, real estate, insurance, or professional office space, pet grooming or boutique store, there are so many possibilities! Take a tour today and discover the perfect setting for your next business venture.

420 N Ridge Road W | MLS# 5164618

This commercial property located at 420 N Ridge Road W, Lorain, OH 44053 is currently listed for sale with an asking price of $799,900. N Ridge Road W is located within the Clearview Local school district. Search Lorain real estate on 780homeroad.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Days on Market: 2
Heating: Forced Air, Gas
Lot Size: 6.00 Acres
Taxes: $5,238 / year
Year Built: 2014

Feature Descriptions

Parcel#: 02-01-003-262-024
Sewer: Public Sewer
Water: Public

Local Schools

School District: Clearview Local

Demographics

Lorain County Demographic Information for 420 N Ridge Road W, Lorain, OH 44053
Fips
Fips Code 39093
Population
2020 to 2025 Change up 3.3%
2010 Count 301,356
2020 Count 312,964
2025 Estimate (V2025) 323,219
2020 Estimate (V2025) 312,956
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 21.1%
18 to 64 53.0%
65 and Older 20.7%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 91.8%
Bachelor's Degree or Higher, Age 25+ 28.5%
Computer and Internet use
Households with a computer 94.8%
Households with a broadband Internet subscription 88.9%
Language
English is Second Language, Age 5+ 7.8%
English is First Language, Age 5+ 92.2%
Veterans
Veterans 18,512
Income
Per Capita Income $40,798
Median Household Income $73,347
People in Poverty 10.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 127,544
Average Household Size 2.42
Owner-Occupied 74.0%
Multi-Family 17.0%
Owner-Occupied Median Value $223,200
Median selected monthly owner costs -with a mortgage $1,525
Median selected monthly owner costs -without a mortgage $629
Median gross rent $966
Building Permits
New Private Housing Issued 2024 1,331
Years at Residence
1 Year or More 90.9%
Less Than 1 Year 9.1%
Business and Employment
Private non-farm Establishments 5,664
Private non-farm Employment 89,159
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,949
Number of Firms 4,759
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau