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Medical Office Condo with Private Rooms
For Sale
$285,000

5319 Meadow Lane Court, Sheffield Village, OH 44035

Seven private rooms, two bathrooms, and separate public and employee entrances support a practical office layout.

Property Size2,400 SF
Price / SF$118.75
Days on Market744

Property Features for 5319 Meadow Lane Court

General Information

Standard status Active
Size 2,400 SF
Property subtype Office

Additional Details

Highway Access Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $5,946

Building Details

Year Built 1998
Listing Agency: Russell Real Estate Services
Listed By: Chad Schneider · License #2003013268
Source: Lifestagesrealty
Added: Oct 14, 2024 Changed: Oct 26 Last Checked: Oct 26 at 3:31PM

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

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Investment Insights

Based on property information with market context.

This 2,400-square-foot medical office condominium was built in 1998 for a primary care practice. Its layout includes a public entrance with a foyer and waiting area, a reception area with counters, and a separate employee entrance. Seven private rooms or offices have sinks and counters; some also have windows. The space includes two bathrooms, one with a shower, a kitchen area, and storage.

The property is in Sheffield Village, with access to I-90 and Route 254 within minutes. Lorain County Community College is also nearby. The association fee covers lawn and snow care, the building exterior, and the parking lot.

Key Highlights

  • 2,400‑square‑foot medical office condominium built in 1998
  • Seven private rooms or offices, each with sinks and counters; some have windows
  • Two bathrooms, including one with a shower

Property Analytics

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Current Use

Dr. Rogener B. ... Medical Clinic

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Furniture & Home Goods Computer & Electronic Repair Building Supply

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

Location Intelligence

Trade Area within ½ mile

679
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Medical Office Space - Seven private rooms, two bathrooms, and separate public and employee entrances support a practical office layout.
Where is this medical office space located?
The property is located at 5319 Meadow Lane Court Sheffield Village, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,400‑square‑foot medical office condominium built in 1998; Seven private rooms or offices, each with sinks and counters; some have windows; Two bathrooms, including one with a shower
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