697 Main StGrafton, OH 44044

Property Details for 697 Main St

Lot size

5.46 AC

Property size (Sq ft)

6,380 SF

Property type

Parking lots & garages

APN

11-00-100-103-025

APU

1100100103025

Description

This exceptional 6.75-acre commercial property in Grafton, Ohio, presents a remarkable investment opportunity. Boasting over 1,500 feet of frontage along Main Street, Parsons Road, and McAlpin Court, this strategically located site enjoys high traffic visibility on Route 57 (North Main Street). Its prime position, south of the I-480/Rt 10/Rt 20/Rt 82 interchange, provides easy access to major highways including the Ohio Turnpike (I-80), I-90, and I-71, ensuring excellent connectivity. The property's 6,380 square feet of buildable space is ideally suited for a diverse range of commercial ventures, including a gas/fuel service station, mini-mart, shopping plaza, recreation center, or automobile sales facility. Its location between Grafton's downtown and business district makes it a true gateway property. The surrounding area offers a robust infrastructure and demographics, with nearby restaurants, a recreation center, auto parts stores, and a grocery store. This central Lorain County location provides convenient access to Lagrange, Wellington, Oberlin, and Elyria. An additional 1.2 acres of land, directly across the street on Route 57, is available for separate purchase. The property is situated within the C-B Central Business District.

• CAP approach

  CAP return

  Valuation

  6%

  $1,412,110

  6.5%

  $1,303,490

  7%

  $1,210,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $620,657

  Geo Method

  $620,657

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,573,340

  Mixed-Use / Specialty

  $1,286,150

  Hospitality / Lodging

  $927,084

  Office

  $1,265,290

  Institutional / Educational

  $1,332,540

  Residential Income

  $1,559,070

  Multifamily

  $1,940,230

  Automotive / Energy

  $1,142,180

  Parking / Income-Based Land

  $406,691

  Restaurant / Food Service

  $641,851

  Healthcare / Senior Housing

  $1,331,940

Location Insight

City

Grafton

County

Lorain

State

Ohio

Latitude

41.2755

Longitude

-82.0625

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].