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541 Cleveland St Elyria, OH 44035

For Sale
$129,000

High-visibility retail & rental property.

Description

Added:
Feb 3, 2025
Days on Market:
309
This Elyria, OH property presents a unique investment opportunity encompassing two buildings on a 0.29-acre lot at 541 Cleveland Street. The main structure is a retail space, perfectly situated for a storefront business or office, benefiting from significant foot and vehicle traffic. Its prime location ensures excellent street visibility, maximizing exposure for any commercial venture. The second building is a residential house, offering potential for rental income or owner-occupied use. While requiring some renovations to reach its optimal condition, this residential component adds considerable versatility to the property. The combined potential of a thriving retail space and a rentable residential unit makes this an attractive proposition for investors seeking diverse income streams. The property's size and location in Elyria provide a solid foundation for a successful business and/or rental operation. The asking price is $129,000. Serious inquiries are encouraged to explore this promising investment opportunity further. The property's address is 541 Cleveland Street, Elyria, OH.

Property Features for 541 Cleveland St

General Information

Property type
Retail properties
Lot Size
12,632 SF

Building Details

Year Built
1951

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Lewis Monument Company Monument Maker

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
-82.08126
Latitude
41.37579

FAQs

What type of property is this?
Retail property - High-visibility retail & rental property.
Where is this retail property located?
The property is located at 541 Cleveland St Elyria, OH.
What is the asking price?
The asking price for this property is $129,000.
More about this property
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