It’s a full page ad from the Lorain Journal of October 20, 1956 announcing the November 8th opening of the new Ted Jacobs store on Fourth Street.
From what I can tell (perhaps someone who shopped there can confirm this), this was a brand new store, replacing an old one at the same location. A look at vintage aerial photos from 1952 and 1962 reveals that an older building was torn down just to the west of the new store, consequently providing the “free convenient parking next door” referred to in the ad.
I wrote about Ted Jacobs a the time of his passing in 2015 (here).
Today the former store has apparently been absorbed into the Spectrum Consulting Services complex.
