550 Broadway, Lorain, OH 44052 Property Records

Lorain County property record for 550 Broadway, Lorain, OH 44052

Property Summary

Property Type	Mixed Use Commercial Office / Residential
Details	8,400 sqft · built 1950
Lot Size	0.119 acres (5,227 sqft)
Owner	Company Name on Record
Last Sale	$40,000 (May 2019)
Tax Bill	$2,684 (2025)
Deeds & Mortgages	May 2019 Sale & Mortgage Oct 2018 Foreclosure
Flood Zone	Zone X (minimal risk)
APN	`02-01-004-103-026`

Property Details

APN / Parcel Number

Primary APN	`02-01-004-103-026`

Interior

Stories	2 Stories
Building Area	8,400 sqft Total Area
Basement Area	5,200 sqft

Exterior

Year Built	Built 1950
Lot Area	5,227 sqft (0.119 acres)
Lot Dimensions	134 ft deep x 40 ft wide

Location & Zoning

Street Address	550 BROADWAY
City	LORAIN
State	OH
Zip	44052-1732
Property Category	Commercial
Property Type	Commercial > Office > Mixed Use Commercial Office / Residential
Legal Description	CHAMBERLAIN, MUSSEY & EDISON ADD 40 X 134
Legal Subdivision	CHAMBERLAIN MUSSEY & EDISON ADDITION
Legal Tract	1
Legal Block	103
Legal Lot Number	10&12
Jurisdiction	LORAIN OH
Township / Civil Division	LORAIN
Census Block Group	1
Census Block	1006
Census Tract	97300

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Broadway Historic District listed 2022 · 103 contributing resources · NRIS 100007496

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Lorain County records, as of March 20, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	26567 BAYFAIR DR, OLMSTED FALLS, OH 44138-1834
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
May 21, 2019	Limited Warranty Deed, Transfer · Commercial Mortgage BUCKEYE COMMUNITY BANK
Oct 19, 2018	Deed in Lieu of Foreclosure, Foreclosure

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 21, 2019 · Amount on Record
Deed Sale	May 21, 2019 · Amount on Record
Prior Sale	Oct 19, 2018
Deed Document Number	2019091974
Record Updated	Jun 8, 2026

May 2019: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	LORAIN OH
Recording Date	May 21, 2019
Property Address	550 BROADWAY, LORAIN, OH 44052-1732
Document Number	0000715399
Map Reference	VOL 2 PG 22
Instrument Date	May 20, 2019
Instrument	2019-0715399
Transaction Type	Transfer
Record Updated	Apr 29, 2022
Title Company	EXAMCO TITLE SERVICES

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2657 BAYFAIR DRIVE, OLMSTED FALLS, OH 44138

Mortgage

Document Number	0000715400
Date	May 21, 2019
Instrument	2019-0715400

Lender

Name	BUCKEYE COMMUNITY BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

October 2018: Deed in Lieu of Foreclosure, Foreclosure

Document Type	Deed in Lieu of Foreclosure
Jurisdiction	LORAIN OH
Recording Date	Oct 19, 2018
Property Address	550 BROADWAY, LORAIN, OH 44052-1732
Document Number	0000691776
Instrument Date	Oct 12, 2018
Instrument	691776
Transaction Type	Foreclosure
Record Updated	Nov 1, 2018

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	550 BROADWAY LORAIN OH 440521732, LORAIN, OH 44052-1732

Tax Assessment & Valuation

Source: Lorain County assessment roll, as of August 1, 2025

Property Jurisdictions

Type	Name
State	Ohio
County	Lorain County
Municipality	Lorain City
Unified School District	Lorain City School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$2,684.00	$38,770 (+0.01%) Land $7,320 Building $31,450	$110,760 (-) Land $20,910 Building $89,850
2024	$2,684.00 (-52.35%)	$38,767 (-43.25%) Land $7,319 Building $31,448	$110,760 (-43.25%) Land $20,910 Building $89,850
2023	$5,633.00 (+71.69%)	$68,307 (+76.19%) Land $7,319 Building $60,988	$195,160 (+76.2%) Land $20,910 Building $174,250
2022	$3,281.00	$38,770 Land $7,320 Building $31,450
2021			$110,760 Land $20,910 Building $89,850

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective May 25, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	LORAIN CITY PWS serves 64,152 people · EPA ID OH4700711
Water Source	Surface water
Last State Inspection	Jun 2024
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 325 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Brightspeed Fiber	2,000 / 2,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Breezeline, T-Mobile.

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