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2418 W 21st Street Lorain, OH $ 3,500,000
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$ 3,500,000 Get more info
2418 W 21st Street
$ 3,500,000
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2418 W 21st Street

Lorain, OH, 44053
$ 3,500,000
Baths0.0
2418 W 21st Street, Lorain, OH 44053 - Image 1
2418 W 21st Street, Lorain, OH 44053 - Image 2
2418 W 21st Street, Lorain, OH 44053 - Image 3
2418 W 21st Street, Lorain, OH 44053 - Image 4
2418 W 21st Street, Lorain, OH 44053 - Image 5
2418 W 21st Street, Lorain, OH 44053 - Image 6
2418 W 21st Street, Lorain, OH 44053 - Image 7
Studio

Property for Rent in Lorain, OH

for $3,500,000. This property was built in 1970 on a lot size of 7.99.

West Gate Shopping Center, strategically positioned at the corner of Rt. 58 and Rt. 611, is undergoing a complete rejuvenation, transforming into a thriving retail destination. Boasting a 65,500 square foot strip center with 10 rental units ranging from 1,400 to 20,202 square feet, this property offers an ideal canvas for grocery stores, pharmacies, convenience shops, and neighborhood-centric services. Anchor Tenant Unit: 20,202 sq ft. Renovations include a newly paved and striped parking lot, a new roof, and fresh paint, creating an inviting and contemporary aesthetic. Across the street from the plaza, two more commercial properties are experiencing their own revitalization, all benefiting from enhanced synergy. Situated minutes from Lake Erie and Rt. 2, West Gate Shopping Center ensures prime visibility and accessibility, making it an enticing prospect for businesses seeking a strategic edge. Other investment opportunities: the shopping center is available for sale or lease (lease rate & term are negotiable) and the corner acre is available for either ground lease or sale.

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Rental Active

Price

$ 3,500,000

Bedrooms

Studio

Taxes

$ 10,257

Style

Lot Size

7.99

Year Built

1970

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

4486164
Features
General
Possession Negotiable
Year Built 1970
Property SubType Retail
County Lorain
New Construction N
Property Type CommercialLease
HOA / Comm Assn N
Attached Garage N
Subdivision Name Black River 02
Garage Y/N N
Status Active
Directions Corner of Rt 611 & Rt 58.
City Lorain
Buyer Agent Compensation 2
View Y/N N
Senior Community Y/N N
High School District Lorain CSD - 4709
Waterfront Y/N N
Carport Y/N N
Street Name 21st
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 10257.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Days on Market 203
Standard Status Active
Occupancy Description Owner
Middle/Junior School District Lorain CSD - 4709
Elementary School District Lorain CSD - 4709
Property Sub Type Additional Retail
Legal Description WESTGATE SHOPPING PLAZA
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Interior
Basement None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Electric On Property Y/N N
Main Level Bathrooms 0
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Exterior
Total Parking 200.0
Lot Size Area 7.99
Spa N
Lot Size Acres 7.99
Lot Size Units Acres
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2418
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* Excluded Features
List By
Andrea Mapel

Listing Agent

Exp Realty, Llc.

Broker

andrea@theiconicpartners.com

Email

Nearby
4457626 Elementary School
4457488 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/30/2023$3,500,000 Listed Price

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2418 W 21st Street, Lorain, OH, 44053 is a Property for Rent at $3,500,000 with a lot size of 7.99. 2418 W 21st Street is a studio with 0.0 baths and was built in 1970. The property's zip code is 44053 which is in Lorain, OH

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