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    42483 N Ridge Rd Elyria, OH 44035

    For Sale
    $550,000

    2,881 SF auto service center on a corner lot.

    Property size:
    2,881 SF
    Lot size:
    0.52 Acres

    Property Features for 42483 N Ridge Rd

    General Information

    Size
    2,881 SF
    Lot size
    0.52 Acres

    Source: Hanna Commercial Real Estate | Cleveland Agent Tom Grasso

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

    Overview

    Freestanding Auto Service Center For Sale

    This is a 2,881 square foot freestanding auto service center situated on a 0.52-acre corner lot. The property benefits from traffic counts of 11,147 vehicles per day on North Ridge Road and 4,374 vehicles per day on Elyria Avenue. It also has access to Ohio-2, which sees 59,729 vehicles per day. Major area retailers in the vicinity include Speedway, Subway, Marc’s, Dollar Tree, and O’Reilly Auto Parts.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tire Choice Auto ... Tire Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Simple Fix Automotives, Little Nicks Automotive, Tabor Auto Repair, Imports and Performance LLC, Tire Choice Auto Service Centers

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.147875
    Latitude
    41.417548

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    FAQs

    What type of property is this?
    Auto shop - 2,881 SF auto service center on a corner lot.
    Where is this auto shop located?
    The property is located at 42483 N Ridge Rd Elyria, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Freestanding 2,881 SF Auto Service Center; - High Traffic Corner Lot (N. Ridge Rd & Elyria Ave); - Excellent Access to OH-2 (59,729 VPD)
    (216) 861-7200
    Request Owner's contact information
    42483 N Ridge 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
    42483 N Ridge Rd Elyria, OH 44035
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