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Renovated Retail Storefront
For Lease
$1,100/Mo

720 Lake Avenue, Elyria, OH 44035

Updated storefront space offers wood-look LVP flooring, abundant windows, and natural light for retail or office use.

Space SizeContact for details
Days on Market579

Property Features for 720 Lake Avenue

General Information

Standard status Active
Zoning Business Automotive
Lease Term 12 Months

Space & Availability

Space Use Office
Condition Turnkey

Site & Location

Corner Location Yes
Highway Access Yes
Utilities to Site Yes

Amenities

LVP floors
windows
natural lighting

Building Details

Year Built 1900
Listing Agency: Russell Real Estate Services
Listed By: Chad Schneider · License #2003013268
Source: Carolgoffrealestate
Added: Jan 29, 2025 Changed: Aug 30 Last Checked: Aug 31 at 5:09PM

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 Russell Real Estate Services

Investment Insights

Based on property information with market context.

This storefront property, built in 1900, has been professionally painted and updated with a modern interior. Wood-look LVP flooring runs throughout the space, while numerous windows provide substantial natural light. The premises are suited to small retail or office use. The attached garage and storage area are excluded from the lease.

The property occupies the corner of Lake Avenue and Foster, south of 113 and west of SR 57. It is less than 10 minutes from the turnpike, I-90, and Downtown Elyria. The current zoning designation is Business Automotive according to the City of Elyria interactive Zoning Map.

Key Highlights

  • Corner storefront at Lake Avenue and Foster
  • Wood‑look LVP flooring throughout the interior
  • Numerous windows provide natural lighting

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Restaurant

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

Lease Details

Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

275
Businesses Nearby
Under-served
Demand for This Use

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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Similar Off Market Nearby

  • Flowers By Sharon 501 Broad St, Elyria, OH 44035

Frequently Asked Questions

What type of property is this?
Storefront property - Updated storefront space offers wood-look LVP flooring, abundant windows, and natural light for retail or office use.
Where is this storefront property located?
The property is located at 720 Lake Avenue Elyria, OH.
What is the lease rate?
The lease rate is $1,100/Mo.
What are key features of this property?
This property features: Corner storefront at Lake Avenue and Foster; Wood‑look LVP flooring throughout the interior; Numerous windows provide natural lighting
More about this property
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