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    517 Griswold Rd Elyria, OH 44035

    For Sale
    $445,000

    Former restaurant building near retail area, major highways, and retailers.

    Property size:
    3,800 SF
    Lot size:
    0.81 Acres

    Property Features for 517 Griswold Rd

    General Information

    Size
    3,800 SF
    Lot size
    0.81 Acres

    Source: Hoff & Leigh Agent Joe Zumpano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant Building Near Mall

    The property is a former Country Kitchen restaurant building with a size of 3800 square feet. It is located in the Midway Mall retail area and is near major highways and other national retailers. The building requires major renovation. It is suitable for restaurants, retail properties, or other restaurant businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    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.

    Similar Places Nearby

    Savys Spirits

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1132251
    Latitude
    41.402214

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant building near retail area, major highways, and retailers.
    Where is this restaurant located?
    The property is located at 517 Griswold Rd Elyria, OH.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Located near major highways and other national retailers.; - Surrounding Midway Mall retail area.; - Former Country Kitchen restaurant building.
    (330) 990-0847
    Request Owner's contact information
    517 Griswold 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
    517 Griswold Rd Elyria, OH 44035
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