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Commercial Real Estate for Sale at 45445 Us Highway 20 in Oberlin, OH for $700,000

Listing data last changed 07/10/2026 - 5:57pm
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45445 US Highway 20 | Oberlin

$700,000 | 0.0 Sq. Ft.

Rare opportunity to expand your real estate investment portfolio! This exceptional income-producing property features 14 total rental units situated on 3.25 acres with convenient access from Kipton Nickel Diagonal Road, and U.S. Route 20.\r\n\r\nThe property includes 10 residential units, each offering 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that will remain with the property. The metal roof was replaced approximately three years ago.\r\n\r\nAlso included is a 72\u0027 x 162\u0027 outbuilding with concrete floors, currently occupied by an established mechanic\u0027s business, providing additional commercial rental income. Above the outbuilding are 4 additional apartment units, further enhancing the property\u0027s revenue potential.\r\n\r\nThis is a 100% occupied investment, with all residential units and the commercial space currently leased, providing immediate cash flow from day one. This well-maintained, fully leased property offers multiple income streams and outstanding long-term investment potential.\r\n\r\nShowings require a fully executed purchase contract and a minimum of 48 hours\u0027 notice. MLSNow 5225081 Directions to property: Between 511 and 58 on South side of RT 20

MLS Listing ID: 
MLSNow 5225081
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$700,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Retail
Primary Market Area: 
Oberlin
Address: 
45445 US Highway 20, Oberlin, OH 44074
County: 
Lorain
Latitude: 
41.2663140
Longitude: 
-82.2070650
Directions: 
Between 511 and 58 on South side of RT 20
Public Remarks: 
Rare opportunity to expand your real estate investment portfolio! This exceptional income-producing property features 14 total rental units situated on 3.25 acres with convenient access from Kipton Nickel Diagonal Road, and U.S. Route 20.\r\n\r\nThe property includes 10 residential units, each offering 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that will remain with the property. The metal roof was replaced approximately three years ago.\r\n\r\nAlso included is a 72\u0027 x 162\u0027 outbuilding with concrete floors, currently occupied by an established mechanic\u0027s business, providing additional commercial rental income. Above the outbuilding are 4 additional apartment units, further enhancing the property\u0027s revenue potential.\r\n\r\nThis is a 100% occupied investment, with all residential units and the commercial space currently leased, providing immediate cash flow from day one. This well-maintained, fully leased property offers multiple income streams and outstanding long-term investment potential.\r\n\r\nShowings require a fully executed purchase contract and a minimum of 48 hours\u0027 notice.
Community Information
School District: 
Oberlin CSD - 4712
Subdivision: 
Pittsfield
Building Details
Details about the building on a property.
Year Built: 
1954
Living Area: 
0.0
Basement: 
Apartment
Construction
Foundation Details: 
Slab
Roof: 
Metal
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Holding Tank,Septic Needed,Septic Tank
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
3.25
Lot Size (Area): 
3.25
Lot Features
Fence: 
None
Public Record
Parcel Number: 
14-00-017-000-003
Annual Tax: 
$11,594.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX Transitions

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