Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    41957 N Ridge Rd Elyria, OH 44035

    Pending
    For Sale
    $325,000

    SINGLE_FAMILY - Elyria, OH

    Type:Retail
    Lot size:
    0.86 Acres
    Days on Market:
    110
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 41957 N Ridge Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Pending
    APN
    06-22-018-102-020
    Parking
    36
    Lot size
    0.86 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Roof type
    Fiberglass, Asphalt

    Keller Williams Citywide (440) 892-2211 [email protected]

    Listing agent Virginia Lindsay (216) 407-7759 License #396154

    Listing date Aug 21, 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

    Versatile Commercial Property with Income

    This versatile property features a 7,092 sq. ft. main building divided into three distinct spaces: a rear unit (3,452 sq. ft.), plus center and front units (each 1,800 sq. ft.) with upstairs offices. A garage and a newly renovated single-family home add even more potential. The property is situated on a 0.86-acre lot. Currently, the large and center spaces and garage are leased, generating $2,550/month in rental income, with room to increase earnings. Located in a high-traffic commercial area with ample parking, this property is perfect for continued rental income or launching your own business. The property is located in Elyria, Lorain County, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tobacco Ect LLC Tobacco Shop Smokers Outlet Tobacco Shop Most wanted auto ... Auto Repair Shop USA Hydro Garden Center Sandu Home Improvements Roofing Contractor

    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
    -82.134976
    Latitude
    41.417692

    Nearby Similar for Sale

    • $199,900
      0.26 Acres

      Mixed-Use Property in High-Traffic Location

      Mixed-use property with retail/office space and residential apartment.
      436 Cleveland St, Elyria, OH 44035
      View Details
    • New
      $160,000
      1,922 SF

      Elyria Duplex with Income Potential

      Turnkey duplex in Elyria, tenants pay all utilities.
      227 6Th St, Elyria, OH 44035
      View Details
    • $139,900
      0.13 Acres

      Renovated Retail with Income Apartments

      Newly renovated retail space with three apartments for rental income.
      1412 West Ave, Elyria, OH 44035
      View Details
    • New
      $285,000
      0.06 Acres

      Professional Office Condo For Sale

      2400 sq ft office condo in prime Lorain County location.
      5319 Meadow Lane Ct, Sheffield Village, OH 44035
      View Details
    • $399,000
      1.00 Acre

      Turn-Key Restaurant & Bar Opportunity

      Fully operational restaurant and bar with equipment and liquor license.
      42753 N Ridge Rd, Elyria, OH 44035
      View Details
    • $149,900
      Pending

      Turnkey Triplex Investment Opportunity

      Fully leased triplex with recent upgrades and reliable tenants.
      1120 East Ave, Elyria, OH 44035
      View Details

    FAQs

    What type of property is this?
    Retail property - Income-generating commercial property with rental income and business potential.
    Where is this retail property located?
    The property is located at 41957 N Ridge Rd Elyria, OH.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Income-generating commercial property with existing leases providing $2,550/month.; - Versatile 7,092 sq. ft. main building divided into three rentable units with upstairs offices.; - Includes a newly renovated single-family home and a garage, adding to the property's potential.
    (216) 407-7759
    Request Owner's contact information
    41957 N Ridge Rd Elyria, OH 44035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    41957 N Ridge Rd
    Elyria, OH 44035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    41957 N Ridge Rd Elyria, OH 44035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.