Conventional Restaurant

Elyria, OH Conventional Restaurants for Sale

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North Ridgeville, OH Lorain, OH Birmingham, OH Avon, OH Amherst, OH Oberlin, OH Grafton, OH Sheffield Lake, OH
Standalone Bar and Lounge
Updated: Feb 1, 2024
Standalone Bar and Lounge

8741 W Ridge, Elyria, OH 44035

$435,000
1.03 AC lot
1.03‑acre bar and restaurant property in Elyria, OH
80‑space parking lot with refreshed landscaping
Recently replaced asphalt and fiberglass roof
Kitchen equipment includes freezers, flat top, broiler, and grill
Finished basement with exterior access for private events
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Restaurant Property Near I-90
Updated: Oct 7
Restaurant Property Near I-90

5223 Detroit Rd, Sheffield Village, OH 44054

Contact for pricing
5,893 sqft 2.44 AC lot
5,893 SF former restaurant on 2.44 AC
Outparcel to Giant Eagle Center
Nearby businesses include Cracker Barrel, 7 Brew, Arby’s and Caliber Collision
31,900 VPD on Detroit Road and 63,900 VPD on I‑90, per ODOT TIMS
Three‑mile population of 43,325; average household income of $114,923
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Former Restaurant Building with Newer Roof
Former Restaurant Building with Newer Roof

517 Griswold Road, Elyria, OH 44035

$44,500,011
3,800 sqft
Highway access

Former Country Kitchen building with ample parking and a newer roof; major renovation is required for most uses.

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See hot listings in Elyria

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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3 active listings match your search: Restaurant for sale in Elyria, OH. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

12-Lane Bowling Alley
12-Lane Bowling Alley

2915 Broadway, Lorain, OH 44055

$677,777
17,567 sqft  3.88 acres  1 building  Built 1956  brick

Entertainment property combining bowling, dining, banquet, kitchen, and bar facilities.

Utilities to site  Meeting room  Banquet room  Bowling alley  Central air  Gas heat
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Bar & Pub with Liquor License
Bar & Pub with Liquor License

16800 Brookpark Road, Cleveland, OH 44135

$1,999,999
Built 1955

Renovations are underway at a Cleveland property with grandfathered adult entertainment use and a parking lot.

Liquor license
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Freestanding Restaurant Building
Freestanding Restaurant Building

18055 Bagley Road, Cleveland, OH 44130

Contact for pricing
2,520 sqft  1 building
Highway access

The property includes a standalone restaurant building with a substantial site along Bagley Road.

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Pub Building With Rear Patio
Pub Building With Rear Patio

939 Broadway, Lorain, OH 44052

$169,900
Built 1948

Existing bar, kitchen, restrooms, and outdoor space support restaurant, pub, or event venue concepts.

Patio
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Elyria, OH Conventional Restaurants Market Trends and Statistics

Explore 3 conventional restaurants for sale in Elyria, OH, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 9,693 square feet of properties for sale, with an estimated market value of $44,935,012.

Sale prices for conventional restaurants in Elyria, OH start at $435,000, averaging $22,467,506, and reaching up to $44,500,012 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 9
Bars & Pubs 4

Demographics Overview

Population 110K
Population Growth (5Y) +3.5%
Median Household Income $69,523
College Educated 34.3%

High-Yield Neighborhoods for Investment

Identify Elyria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
44035 $15.1M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lorain County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Elyria fall within the 100,000+ square foot range.

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