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$799,900 Just Listed
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Property Description
Established & exceptionally well-maintained 3-story professional office building in a prime downtown location at the center of the city's revitalization & entertainment district! Long-term owner-occupied w/pride of ownership evident throughout, prestigious approximately 15,000 sq ft building per owner is nearly fully occupied w/only approximately 500 sq ft currently available. Positioned on a highly visible, busy street just steps from the Port Authority plus within walking distance to the lake, property offers unmatched accessibility & exposure in the heart of downtown activity & city celebrations. Surrounded by ongoing redevelopment and upscale entertainment venues, the location simply cannot be duplicated. Building features a beautiful exterior, excellent street-front signage visibility, elevator access w/ability to lock off individual floors, two stairwells, full basement for additional utility/storage. Lobby has been tastefully upgraded w/tile accents, creating a professional & inviting first impression. Each floor includes two restrooms, and the spacious office suites offer flexibility for a variety of business uses. Current occupants include established attorneys, insurance professionals, & property management. Upper two floors offer flexible occupancy options for potential owner-users or investors, while the first floor remains leased w/stable tenancy in place. Additional improvements include a newer roof, updated air conditioning systems, elevator updates, & abundant windows providing excellent natural light throughout. Access to the newly beautified rear alley further enhances convenience and appeal. Exceptional opportunity for investors, owner-users, or those seeking a prestigious downtown presence w/endless possibilities for future growth & subdivision potential.
Full Property Details
Full Property Details for 520 Broadway
General
- Price: $799,900
- Taxes: $9,585 (2025)
- Status: Active
- Type: Office
- Source: 505
- MLS ID: 5202333
- Updated: 5/15/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Commercial
Parking
- Total Spaces: 10
- Parking Features: Off Street
Location
- County: Lorain
- Township: Lorain
- Driving Directions: off broadway
School Information
- Elem School District: Lorain CSD - 4709
- Midd School District: Lorain CSD - 4709
- High School District: Lorain CSD - 4709
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt, Fiberglass
- Current Bldg. Use: Office
- Year Built: 1920
- Year Built Source: Public Records
- Other Struct. Feat.: Elevator(s), Private Restrooms, Storage
Lot Features
- Lot Size (Acres): 0.14
- Lot Size: .14
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $9,585
- Tax Year: 2025
Disclosures and Reports
- Property ID: 02-01-004-103-020
Listed by Coldwell Banker Schmidt Realty, Christopher A Frederick and Coldwell Banker Schmidt Realty, Michele L Frederick
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Schools
Schools serving 520 Broadway
School District:Lorain City School District
| Name | Grades | Distance |
|---|---|---|
Admiral King Elementary School 720 Washington Avenue, Lorain, OH 44052 | K-6 | 0.3 mi |
General Johnnie Wilson Middle School 2700 Washington Avenue, Lorain, OH 44052 | 7-8 | 1.4 mi |
Lorain High School 2600 Ashland Avenue, Lorain, OH 44052 | 9-12 | 1.5 mi |
New Beginnings 2600 Ashland Avenue, Lorain, OH 44052 | 5-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 520 Broadway
Date
Details
Price
Change
Source
5/15/2026
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 520 Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,369
68%
$144,848
117%
2023
$5,590
7%
$66,903
—
2021
$5,229
-6%
$66,910
—
2022
$5,537
3%
$66,910
—
2020
$5,373
1%
$66,910
—
2019
$5,327
2%
$66,903
—
2018
$5,229
12%
$66,903
24%
2017
$4,679
1%
$54,146
—
2016
$4,620
5%
$54,146
—
2015
$4,404
1%
$54,146
—
2014
$4,355
—
$54,146
—
2013
$4,363
—
$54,146
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 520 Broadway
520 Broadway, Lorain, OH 44052 (MLS# 5202333) is a Office property. 520 Broadway is currently listed for $799,900 and was received on May 15, 2026. Want to learn more about 520 Broadway? Do you have questions about finding other Office real estate for sale in Lorain? You can browse all Lorain real estate or contact a Coldwell Banker agent to request more information.
