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    405 Abbe Rd Elyria, OH 44035

    For Sale
    $950,000

    Spacious warehouse, ideal for various businesses.

    Property size:
    20,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 20,000 square foot warehouse building presents a remarkable investment opportunity in Elyria, Ohio. Strategically located near Route 57 and major thoroughfares including I-480 and I-80, this property offers unparalleled accessibility and convenient transportation links. The building itself boasts a substantial footprint, perfect for a wide range of business applications, from distribution and storage to light industrial operations. Ample parking is readily available, with a large parking lot situated at the front of the building. Furthermore, the property includes additional undeveloped land at the rear, providing the potential for expansion of the parking area to accommodate future growth. The building's design allows for easy vehicular access to both ends, enhancing operational efficiency and maneuverability. The 2.74-acre lot ensures ample space for current and future needs. This property is priced at $950,000 and represents a compelling opportunity for businesses seeking a well-situated, spacious, and versatile warehouse facility in a thriving location. Don't miss this chance to secure a prime commercial property in a high-demand area.

    Property Features for 405 Abbe Rd

    General Information

    Property type
    Investment properties
    Square Feet
    20,000 SF
    Lot Size
    119,354 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    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
    -82.07794
    Latitude
    41.36872

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    FAQs

    What type of property is this?
    Investment property - Spacious warehouse, ideal for various businesses.
    Where is this investment property located?
    The property is located at 405 Abbe Rd Elyria, OH.
    What is the asking price?
    The asking price for this property is $950,000.
    (440) 212-7711
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    405 Abbe Rd 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
    405 Abbe Rd Elyria, OH 44035
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