350 Cleveland Street Elyria, OH
$ 359,999
Property Attributes
  • MLS#4250956
  • TypeCommercial
  • CountyLORAIN
  • CityElyria
  • AreaElyria
  • Zip44035
  • StyleMixed Use
  • Year Built1947
  • Taxes9068
  • Price$ 359,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6125
Listing Provided Courtesy Of:
Melissa Sanford with Keller Williams Legacy Group Realty
Data Source:
Yes MLS, INC - Northern Ohio Regional Multiple Lis
Property Description

All Brick Free Standing Commercial Building w/5 Retail Suites in a high traffic location on a corner lot in the Commercial District in Elyria. This is a great income producing property as it has a 10% cap rate on 90% occupancy with good leased tenants on long term leases. There is additional upside to bring the cap rate to 12% with the vacancy of a 2nd flr suite that was previously rented at $450/mo, but the tenant moved out and is now rent ready! This building features split utilities to all units with a full basement and a newer 15+ car parking lot. If you are looking for a property that is an instant income producer, look no further, schedule your showing today!

Price History
1/20/2021 Listed $359,999

General Features

Cooling Central Air
Heating Forced Air, Gas
Levels One
Location Freestanding
MLS Area Elyria (Elyria Township, Carlisle Township)
Property SubType Mixed Use
Property Type Commercial Sale
Roof Rubber
Sewer Public Sewer
Stories 1
Terms Cash, Conventional
Virtual Tour

Interior Features

Above Grade Finished Area 6125
Air Conditioning Y/N Yes
Basement Full
Heating Y/N Yes
Living Area 6125

Exterior Features

Lot Dimensions 200xIRR
Lot Size Units Acres
Total Parking 18
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 44035

AVG $310K
AVG $5,115
AVG 158
Year Built
AVG 1942
AVG 42
Data Provided by Walkscore ® not using MLS data

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