Listing Agency: JLL | Cleveland Show Phone

Listed By: Donald G Bain · License #SAL.0000314090 Show Phone

Source: Moodyscre

Added: Mar 20, 2025 Changed: Oct 25 Last Checked: Nov 3 at 8:50AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Liengkong Siew Inc Physician Castollo Lin Employment Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,197

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

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

Where is this medical office space 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