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    223 Abbe Rd N Elyria, OH 44035

    New
    For Sale
    $99,000

    COMMERCIAL - Elyria, OH

    Lot size:
    0.67 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 223 Abbe Rd N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    06-25-022-107-065
    Parking features
    Parking Lot
    Lot size
    0.67 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Roof type
    Asphalt, Fiberglass

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Michael P Terrigno (440) 773-4619 License #2011001207

    Listing date Dec 1, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elyria Commercial Building with Vault

    The property is a commercial building that was formerly a bank, retaining its vault and drive-thru lanes. Located on a corner with high visibility, the building offers potential for various uses, including fast food, pizza, or other carry-out restaurants. The property is situated on a 0.67-acre lot in Elyria, Lorain County, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.077223
    Latitude
    41.378345

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    FAQs

    What type of property is this?
    Bank - Former bank building with drive-thru, high visibility corner location.
    Where is this bank located?
    The property is located at 223 Abbe Rd N Elyria, OH.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - High visibility corner lot location at Abbe Rd and Cleveland Rd.; - Existing drive-thru lanes, ideal for various carry-out businesses.; - Unique feature: Original bank vault still intact.
    (440) 773-4619
    Request Owner's contact information
    223 Abbe Rd N Elyria, OH 44035
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    Elyria, OH 44035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Abbe Rd N Elyria, OH 44035
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