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Three-Story Office Building
For Sale
Contact for pricing
Pending

347 Midway Blvd, Elyria, OH 44035

Three-story office building offers 80 surface parking spaces and is currently 43% occupied.

Property SizeContact for details
Days on Market130

Property Features for 347 Midway Blvd

General Information

Standard status Pending
Property subtype Office
Listing Agency: CBRE - Cleveland
Listed By: Daniel Mayer · License #SAL.2011002676
Source: Crexi
Added: Apr 11 Changed: Aug 10 Last Checked: Aug 16 at 12:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Cleveland

Investment Insights

Based on property information with market context.

Midway Plaza is a three-story office building constructed in 1973, totaling 30,795 square feet. The property sits on one parcel of approximately 1.3 acres and includes paved parking with capacity for 80 surface spaces. The building also provides signage opportunities for tenants.

The property is located off the highway with access to I-90 and the Ohio Turnpike, and it is in the City of Elyria, Ohio. Midway Plaza is across from Midway Mall, and the City of Elyria and Mayor have identified redevelopment and improvements to the Midway Mall area as a top priority.

As of the current offering, the building is 43% occupied, with 57% vacant space available.

Key Highlights

  • 30,795‑SF, three‑story office building constructed in 1973
  • Situated on 1.3‑acre parcel in the City of Elyria, OH (about 28 miles west of downtown Cleveland)
  • 80 surface parking spaces with access off the highway to I‑90 and the Ohio Turnpike

Property Analytics

Current Use

Rauser & Associates Legal ... Law Firm Dr. Rakesh Ranjan Physician Campbell Paula A Foster Care Service Dea Manges Foster Care Service Jessica Adams Foster Care Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Building Supply 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

432
Businesses Nearby

Demographics for 44035, OH

61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value

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?
Office building - Three-story office building offers 80 surface parking spaces and is currently 43% occupied.
Where is this office building located?
The property is located at 347 Midway Blvd Elyria, OH.
What are key features of this property?
This property features: 30,795‑SF, three‑story office building constructed in 1973; Situated on 1.3‑acre parcel in the City of Elyria, OH (about 28 miles west of downtown Cleveland); 80 surface parking spaces with access off the highway to I‑90 and the Ohio Turnpike
(216) 363-6437 Call to check price and availability
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