1404 Long AvenueLorain, OH 44052

Property Description

Beautifully maintained and thoughtfully updated mixed-use brick property offering strong income potential and timeless character. This solid investment features four spacious one-bedroom apartments and one studio apartment, all currently occupied, providing immediate and consistent rental income. The ground level includes a large, highly visible storefront along with an additional one-bedroom unit, creating excellent flexibility for retail, office, or service use. The second floor offers three one-bedroom apartments and one studio, each thoughtfully updated to blend modern comfort while preserving the building's original charm. The lower level provides convenient laundry facilities and additional storage for tenants. Positioned on a busy corner, the street-level storefront benefits from exceptional visibility and strong exposure, offering endless potential for a variety of businesses. Major improvements include renovations to all residential units, two new baseboard heating units (2025), six new hot water tanks and two new wall furnaces (2024), brick tuckpointing (2024), and a new roof (2022). Ideally located just minutes from Black River Landing and Lake Erie, the property offers convenient access to waterfront events, dining, and recreation. A rare opportunity to own a well-maintained mixed-use property in a high-visibility location with established rental income. Schedule your private showing today.

Property Features

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