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    507 E River St Elyria, OH 44035

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    For Sale
    $295,000

    Two-story, 5,420 SF medical office building for sale.

    Property size:
    5,420 SF
    Lot size:
    0.20 Acres

    Property Features for 507 E River St

    General Information

    Size
    5,420 SF
    Lot size
    0.20 Acres

    Source: JLL | Cleveland Agent Donald G Bain

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

    Overview

    Medical Office Building Near UH

    This is a 5,420 square foot, two-story medical office building for sale. The property is situated less than one block from UH Elyria Medical Center, in the heart of the Elyria Trade Area, just east of downtown Elyria. The site encompasses 0.24 total acres. Annual taxes are $12,916.90. The parcel number is 06-25-115-000-004. An adjacent corner lot of 0.29 acres is also available for sale, with parcel numbers 0625115000001, 002, & 003. Two additional parcels totaling 0.21 acres are available for sale, with parcel numbers 0625116000011 & 12.
    Insight Report Location Intelligence

    Current Use by Public Records

    Liengkong Siew Inc Obstetrician-Gynecologist Castollo Lin Nursing Agency

    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
    -82.096948
    Latitude
    41.368625

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    FAQs

    What type of property is this?
    Medical office - Two-story, 5,420 SF medical office building for sale.
    Where is this medical office located?
    The property is located at 507 E River St Elyria, OH.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Less than 1 block from UH Elyria Medical Center; - **5,420 SF two-story medical office building**; - Located in the heart of the Elyria Trade Area and just east of downtown Elyria
    (216) 952-8895
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    507 E River St 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
    507 E River St Elyria, OH 44035
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