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    401B Cleveland St, Unit 401B-403 Elyria, OH 44035

    For Lease
    $1,000 /Mo ($0.33 SF/Yr)

    COMMERCIAL - Elyria, OH

    Type:Retail
    Lot size:
    0.83 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 401B Cleveland St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    06-25-015-101-028
    Lot size
    0.83 Acres

    Utilities

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

    Building Details

    Year built
    1950
    Roof type
    Asphalt, Fiberglass

    RE/MAX Real Estate Group (440) 333-1230 x711 [email protected]

    Listing agent Andrew G Pal (216) 903-9755 License #2013001925

    Listing date Nov 6, 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

    Retail Space in Elyria Plaza

    This well-maintained retail space is available for lease within a 24,871 square foot retail shopping plaza. The property benefits from long-term tenants and two major, long-term franchise occupants, contributing to significant traffic. The available unit, numbered 401B & 403, offers approximately 2,587 square feet of space. Recent updates include newer flooring. The property is located in Elyria, Ohio, within Lorain County. The shopping plaza is situated on a 0.83-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tracy's Trinkets & Treasures ... Gift Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.086057
    Latitude
    41.374364

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    FAQs

    What type of property is this?
    Strip mall - Well-kept retail space in a high-traffic shopping plaza.
    Where is this strip mall located?
    The property is located at 401B Cleveland St, Unit 401B-403 Elyria, OH.
    What is the lease rate?
    The lease rate is $0.33 SF/Yr.
    What are key features of this property?
    This property features: - Only available unit in a busy 24,871 SF retail shopping plaza.; - Benefits from high traffic due to long-term tenants and major franchises.; - Approximately **2,587 Sq Ft of retail space.**
    (216) 903-9755
    Request Owner's contact information
    401B Cleveland St, Unit 401B-403 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
    401B Cleveland St, Unit 401B-403 Elyria, OH 44035
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