Auction - REIT Sale | Former Big Lots | 1211 Tower Blvd
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Auction - REIT Sale | Former Big Lots 1211 Tower Blvd Local commercial 2 787 m² À vendre Lorain, OH 44053 132 465 € (47,53 €/m²)
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- STARTING BID $150,000 | Former Big Lots | 16K VPD | 30K SF | Cleveland MSA | AUCTION JUNE 9-11, 2025
- Located at Signalized Entrance with 16K VPD Traffic Counts and Strategic Frontage on Prime Commercial Corridor
- 4.76% Population Growth from 2020-2024 and 4.4% Future Growth Projected from 2024-2029 (5-mile radius)
- 30,003 SF Former Big Lots on 3.9 AC Parcel in Lorain, OH (Cleveland MSA)
- Neighboring Retail: Walmart, Kohl’s, Home Depot, Starbucks, Cash America, Huntington Bank, and More
- Attractive Demographics with 5-Mile Population of ±104,325 and Average Household Income of ±$65,196
RÉSUMÉ ANALYTIQUE
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1211 Tower Blvd in Lorain, Ohio (the “Property”). Formerly occupied by Big Lots, the Property is being offered significantly below replacement cost—providing an exceptional opportunity for investors to acquire a highly visible and strategically positioned asset with substantial value enhancement potential.
Constructed in 1966, the Property comprises a one-story, free-standing building totaling approximately ±30,003 square feet on two parcels totaling ±3.9-acres and includes approximately 167 on-site parking spaces. Situated at a signalized intersection, the Property is easily accessible via multiple points of ingress/egress along Tower Blvd and Oberlin Avenue. The Offering includes a vacant land parcel situated behind the building which presents investors with a prime development opportunity with the potential for significant upside. The site’s favorable B-2, General Commercial Zoning, allows for a wide range of commercial, retail, and entertainment uses, offering flexibility for adaptive reuse or redevelopment strategies.
Lorain, Ohio, situated approximately 30 miles west of Cleveland along Lake Erie and serves as a regional hub for surrounding communities, offering a mix of established retail centers and emerging development prospects. The site benefits from strong visibility with traffic counts of 10,003 vehicles per day on Oberlin Avenue and 6,227 vehicles passing daily on Tower Blvd. Nearby national retailers include Walmart, Kohl’s, Home Depot, Starbucks, Cash America, Huntington Bank, and more. The Property further benefits from strong demographics with a population of 104,325 residents and an average household income of $65,196 within a 5-mile radius. The population has experienced 4.76% growth from 2020-2024 with 4.4% growth expected to continue through 2029.
Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1211 Tower Blvd in Lorain, Ohio (the “Property”). Formerly occupied by Big Lots, the Property is being offered significantly below replacement cost—providing an exceptional opportunity for investors to acquire a highly visible and strategically positioned asset with substantial value enhancement potential.
Constructed in 1966, the Property comprises a one-story, free-standing building totaling approximately ±30,003 square feet on two parcels totaling ±3.9-acres and includes approximately 167 on-site parking spaces. Situated at a signalized intersection, the Property is easily accessible via multiple points of ingress/egress along Tower Blvd and Oberlin Avenue. The Offering includes a vacant land parcel situated behind the building which presents investors with a prime development opportunity with the potential for significant upside. The site’s favorable B-2, General Commercial Zoning, allows for a wide range of commercial, retail, and entertainment uses, offering flexibility for adaptive reuse or redevelopment strategies.
Lorain, Ohio, situated approximately 30 miles west of Cleveland along Lake Erie and serves as a regional hub for surrounding communities, offering a mix of established retail centers and emerging development prospects. The site benefits from strong visibility with traffic counts of 10,003 vehicles per day on Oberlin Avenue and 6,227 vehicles passing daily on Tower Blvd. Nearby national retailers include Walmart, Kohl’s, Home Depot, Starbucks, Cash America, Huntington Bank, and more. The Property further benefits from strong demographics with a population of 104,325 residents and an average household income of $65,196 within a 5-mile radius. The population has experienced 4.76% growth from 2020-2024 with 4.4% growth expected to continue through 2029.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Immeuble de commerce
Surface de l’immeuble
2 787 m²
Classe d’immeuble
C
Année de construction
1966
Prix
132 465 €
Prix par m²
47,53 €
Occupation
Mono
Hauteur de l’immeuble
1 Étage
Quais de chargement
2 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,18
Surface du lot
1,58 ha
Zonage
B-2 - Commercial
Stationnement
150 Espaces (53,82 places par 1 000 m² loué)
Façade
CARACTÉRISTIQUES
- Enseigne sur pylône
- Signalisation
DISPONIBILITÉ DE L’ESPACE
- ESPACE
- SURFACE
- TYPE DE BIEN
- POSTE
- DISPONIBLE
Veuillez contacter le courtier pour les prix et des informations supplémentaires.
| Espace | Surface | Type de bien | Poste | Disponible |
| 1er étage | 2 787 m² | Local commercial | Parcelle de terrain vacant | 90 jours |
1er étage
| Surface |
| 2 787 m² |
| Type de bien |
| Local commercial |
| Poste |
| Parcelle de terrain vacant |
| Disponible |
| 90 jours |
1er étage
| Surface | 2 787 m² |
| Type de bien | Local commercial |
| Poste | Parcelle de terrain vacant |
| Disponible | 90 jours |
Veuillez contacter le courtier pour les prix et des informations supplémentaires.
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PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| Numéro de parcelle | 02-02-006-108-055 | Évaluation des aménagements | 424 547 € |
| Évaluation du terrain | 126 020 € | Évaluation totale | 550 567 € |
TAXES FONCIÈRES
Numéro de parcelle
02-02-006-108-055
Évaluation du terrain
126 020 €
Évaluation des aménagements
424 547 €
Évaluation totale
550 567 €
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Auction - REIT Sale | Former Big Lots | 1211 Tower Blvd
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