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    561 Ternes Ln Elyria, OH 44035

    For Sale
    $1,220,000

    Freestanding industrial building with easy interstate access in Elyria, Ohio.

    Property size:
    15,496 SF
    Lot size:
    0.88 Acres

    Property Features for 561 Ternes Ln

    General Information

    Size
    15,496 SF
    Lot size
    0.88 Acres

    Source: Cresco Real Estate | Cleveland Agent Coleman Sorenson

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

    Overview

    Freestanding Industrial Building For Sale

    This freestanding industrial building offers approximately 15,496 square feet of manufacturing and assembly space, partially climate controlled. The property is located in a high-image industrial setting in Elyria, Ohio, a business-friendly community with access to a strong labor market. The building's design incorporates minimal columns, providing operational flexibility. Signage opportunities are available along Ternes Lane. The property benefits from its accessibility to major interstates I-90 and I-80 (Ohio Turnpike), as well as the Lorain County transit bus line.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -82.071499
    Latitude
    41.36587

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    FAQs

    What type of property is this?
    Manufacturing property - Freestanding industrial building with easy interstate access in Elyria, Ohio.
    Where is this manufacturing property located?
    The property is located at 561 Ternes Ln Elyria, OH.
    What is the asking price?
    The asking price for this property is $1,220,000.
    What are key features of this property?
    This property features: - Partially climate controlled manufacturing and assembly space.; - Easy access to major interstates I-90 & I-80 (Ohio Turnpike).; - Minimal columns allows for maximum flexibility with operations.
    (216) 520-1200
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    561 Ternes Ln 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
    561 Ternes Ln Elyria, OH 44035
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