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

Other commercial real estate

Property subtype

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

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