100 Public SqLaGrange, OH 44050

Property Details for 100 Public Sq

Year built

1956

Lot size

0.23 AC

Property size (Sq ft)

4,800 SF

Property type

Showrooms

APN

15-00-056-103-024

APU

1500056103024

Description

Prime LaGrange, OH location awaits redevelopment! This vacant, three-story, 9,600 square foot commercial building, built in 1900, presents a unique opportunity. The property boasts stunning architecture and is situated on a large lot (96-106 acres) offering potential for expansion with additional parking or construction. The versatile space is perfect for a restaurant, storefront, or a mix of uses. The second level provides rear building access, while the third floor could be developed into offices or apartments. Zoned commercial, this property offers significant income potential. The building is currently vacant with an occupancy date of July 4, 2024. The asking price is $249,900. This is a redevelopment opportunity with substantial upside. The address is 100 Public Square, LaGrange, OH 44050. APN: 15-00-056-103-022.

• CAP approach

  CAP return

  Valuation

  6%

  $1,337,615

  6.5%

  $1,234,721

  7%

  $1,146,527

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,460

  Geo Method

  $1,131,460

• Alternative Use

  Use

  Valuation

  Residential

  $1,041,534

  Hospitality

  $954,039

  Educational

  $793,749

  Medical

  $821,048

  Retail

  $1,234,721

Location Insight

City

Lagrange

County

Lorain

State

Ohio

Latitude

41.2372

Longitude

-82.1205

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].