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Office Building with Bay Window
For Sale
$110,000

138 Middle Avenue, Elyria, OH 44035

A professional tenant occupies the building, with the floors offering potential for separate suites and entrances.

Property Size4,651 SF
Price / SF$23.65
Days on Market16

Property Features for 138 Middle Avenue

General Information

Standard status Active
Size 4,651 SF
Property subtype Office
Occupancy 100%

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $3,728

Amenities

Natural Skylights
Large Bay Window
Conference Meeting Rooms
Higher Ceilings

Building Details

Building Size 4,651 SF
Year Built 1899
Buildings 1
Stories 2
Tenancy Single
Listing Agency: Berkshire Hathaway HomeServices Lucien Realty
Listed By: Bill Latrany · License #387600
Source: Lifestagesrealty
Added: Oct 13 Changed: Oct 26 Last Checked: Oct 26 at 3:57PM

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 Berkshire Hathaway HomeServices Lucien Realty

Rey
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Investment Insights

Based on property information with market context.

The 4,651-square-foot office building dates to 1899 and is fully leased to a professional tenant. Interior features include conference rooms, high ceilings, second-floor skylights, and a large bay window. The first and second floors may be configured as two tenant suites, with separate entrances and locking doors.

At 138 Middle Avenue in downtown Elyria, the property is directly across from Ely Square and its fountain. Nearby destinations include the Lorain County Administration Building, Justice Center, Elyria mayor’s offices, public library, restaurants, a coffee shop, and a bank.

Key Highlights

  • 4,651‑square‑foot office building, built in 1899
  • Fully leased to a professional tenant
  • Potential for two suites across the first and second floors, with separate entrances and locking doors

Property Analytics

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

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Hair Salon Skin Care Clinic Big Box & Wholesale Store

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

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

396
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Office building - A professional tenant occupies the building, with the floors offering potential for separate suites and entrances.
Where is this office building located?
The property is located at 138 Middle Avenue Elyria, OH.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 4,651‑square‑foot office building, built in 1899; Fully leased to a professional tenant; Potential for two suites across the first and second floors, with separate entrances and locking doors
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