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Property Description

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.
The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.

Address Map
OH
Lorain
Lorain
44052
Root
1641
Road
W83° 52' 5.7''
N41° 27' 57''
Colorado Ave. to Root Rd. North on Root. Property on East side of Rd.
Property Details
MAC Realty, Inc.
Judy Wargo
240265
2415
03-00-058-101-033
: Cash, Conventional
30/10/2023 16:00:17
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No
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1641 Root Road, Lorain, Ohio 44052

Commercial Sale For Sale

16.10 Acre
$1,300,000
Listing ID #4475297
Basic Details
Property Type : Commercial Sale
Property Sub Type : Mixed Use
Listing Type : For Sale
Listing ID : 4475297
Price : $1,300,000
Year Built : 1900
Lot Area : 16.10 Acre
Status : Active
Subdivision Location : Sheffield
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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