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

Retail properties

Property subtype

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%

  $1,777,920

  6.5%

  $1,641,157

  7%

  $1,523,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,503,899

  Geo Method

  $1,503,899

• Alternative Use

  Use

  Valuation

  Residential

  $1,384,377

  Hospitality

  $1,268,082

  Educational

  $1,055,029

  Medical

  $1,091,313

  Retail

  $1,641,157

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

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