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    500 N Abbe Rd Elyria, OH 44035

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    For Lease
    Contact for pricing

    Retail spaces available in neighborhood shopping center anchored by major tenants.

    Property size:
    1,600 SF
    Lot size:
    4.24 Acres

    Property Features for 500 N Abbe Rd

    General Information

    Size
    1,600 SF
    Lot size
    4.24 Acres

    Source: Passov Real Estate Group Agent David Stein

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

    Overview

    Elyria Retail Space For Lease

    This neighborhood shopping center offers retail spaces for lease. The property is approximately 59,500 square feet and has available spaces of 1,600 square feet and 1,350 square feet. Rental rates are negotiable. The property is located at the northwest corner of North Abbe Road and Hilliard Road, just east of State Route 57. Anchor tenants include Discount Drug Mart and Goodwill.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Discount Drug Mart ... Drug Store Bilyj Jason R Pharmacy Western Union Money Transfer Service Discount Drug Mart ... Pharmacy Discount Drug Mart ... Deli

    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
    -82.0769202
    Latitude
    41.3689164

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    FAQs

    What type of property is this?
    Strip mall - Retail spaces available in neighborhood shopping center anchored by major tenants.
    Where is this strip mall located?
    The property is located at 500 N Abbe Rd Elyria, OH.
    What are key features of this property?
    This property features: - Anchor tenants: Discount Drug Mart & Goodwill; - Located at the NWC of N Abbe Rd & Hilliard Rd - just East of SR 57; - Neighborhood shopping center: approximately 59,500 SF
    (216) 831-8100
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    500 N 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
    500 N Abbe Rd Elyria, OH 44035
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