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1641 Root Road, Lorain, Ohio, 44052

$1,600,000

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This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area. The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.

Street Address: 1641 Root Road
City: Lorain
State: Ohio
Postal Code: 44052
County: Lorain
MLS Number: 4475297
Year Built: 1900
Courtesy of MAC Realty, Inc.

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