Property Description

Land in the city of Lorain! This expansive land spans over 2.5 acres with an impressive 200 feet of street frontage and a depth of 570 feet. Zoned R-3 for high-density residential, allowing up to 18 units per acre, this property is primed for development. This is an ideal investment with sewer and gas available at the street and taxes totaling $2,307 per year for both lots. It is located conveniently close to the Route 2 interchange.

4977-4985 Oberlin Avenue | MLS# 5035789

This land located at 4977-4985 Oberlin Avenue, Lorain, OH 44053 is currently listed for sale with an asking price of $122,000. The property has approximately 2.60 Acres. 4977-4985 Oberlin Avenue is located within the Lorain City school district. Search Lorain real estate on 3603stonewaypoint.cutlerhomes.com today.

Property Features

Property Type: Land - Lot/Land

Days on Market: 365

Lot Size: 2.60 Acres

Taxes: $2,307 / year

Feature Descriptions

Lot: Flat

Parcel#: 02-01-008-101-152

Parking: On Street

Sewer: None

Topography: Level

Utilities: Sewer Not Available, Water Not Available

View: City

Water: None

Local Schools

School District: Lorain City

Demographics

Lorain County Demographic Information for 4977-4985 Oberlin Avenue, Lorain, OH 44053

Fips

Fips Code 39093

Population

2020 to 2023 Change up 1.6%

2010 Count 301,356

2020 Count 312,964

2023 Estimate (V2023) 317,910

2020 Estimate (V2023) 312,956

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 21.4%

18 to 64 53.4%

65 and Older 19.9%

Gender

Male 49.6%

Female 50.4%

Place of Birth

Foreign 2.8%

US 97.2%

Education

High School Graduate, Age 25+ 91.2%

Bachelor's Degree or Higher, Age 25+ 27.2%

Computer and Internet use

Households with a computer 93.8%

Households with a broadband Internet subscription 84.5%

Language

English is Second Language, Age 5+ 7.0%

English is First Language, Age 5+ 93.0%

Veterans

Veterans 17,970

Income

Per Capita Income $37,171

Median Household Income $67,272

People in Poverty 12.8%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 136,666

Households 124,510

Average Household Size 2.45

Owner-Occupied 72.9%

Multi-Family 17.0%

Owner-Occupied Median Value $191,900

Median selected monthly owner costs -with a mortgage $1,474

Median selected monthly owner costs -without a mortgage $591

Median gross rent $886

Building Permits

New Private Housing Issued 2023 987

Years at Residence

1 Year or More 90.0%

Less Than 1 Year 10.0%

Business and Employment

Private non-farm Establishments 5,574

Private non-farm Employment 83,286

Private non-farm Employment Growth 0.0%

Nonemployer Establishments 21,027

Number of Firms 20,914

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

Estimate Your Payment

Estimated Payment

$ 823.07 per month $595.24 Principal & Interest $192.25 Property Tax $35.58 Homeowner's Insurance

Change Payment Information

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4977-4985 Oberlin AvenueLorain, OH 44053