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Multi-Tenant Retail Shopping Mall
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1599 W River Rd N, Elyria, OH 44035

Multi-tenant retail shopping mall with multiple available units and easy access to major Northeast Ohio roadways.

Space Size45,488 SF
Property Size179,646 SF
Lot Size16.94 Acres
Days on Market1382

Property Features for 1599 W River Rd N

General Information

Standard status Active
Size 45,488 SF
Net Rentable 1,234 SF
Lot size 16.94 Acres
Property subtype RETAIL
Lease Type NNN

Space & Availability

Available Space 1,234-25,200 SF
Space Use Retail

Site & Location

Anchor Co-Tenants Planet Fitness, U-Haul Self Storage, Car Parts Warehouse, Olive Garden, Chipotle, Verizon, Taco Bell
Highway Access Yes

Building Details

Building Size 179,646 SF
Tenancy Multi

Spaces For Lease

at 1599 W River Rd N
Midway Crossing $8 – $12/SF/Yr
Floor 1
Size 45,488 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
Midway Crossing - Under New Ownership 179,646± SF Retail Shopping Mall 16.94± Acres 1,234± SF up to 25,200± SF Units Available: Unit 1561A: 1,737± SF Unit 1561: 1,824± SF Unit 1563: 2,750± SF Unit 1565: 9,900± SF Unit 1571: 2,925± SF Unit 1579: 23,602± SF Unit 1581: 2,750± SF Come Join: Planet Fitness, U-Haul Self Storage, Car Parts Warehouse, Olive Garden, Chipotle, Verizon and Taco Bell Positioned In Main Retail Corridor across from Midway Mall Just North of Target & Giant Eagle Anchored Center Easy Access to SR 57 (Lorain Blvd) Located less than One Mile from Ohio Turnpike (Interstate 80) and Interstate 90 Below Market Rents
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Listing Agency: Global Real Estate Advisors
Listed By: Timothy Sawicki
Source: Moodyscre
Added: Dec 21, 2022 Changed: Sep 10 Last Checked: Oct 2 at 11:51PM

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 Global Real Estate Advisors

Investment Insights

Based on property information with market context.

Multi-tenant shopping mall offering 179,646± SF of retail space on 16.94± acres, with 1,234± SF up to 25,200± SF units available. Current unit availability includes Unit 1561A (1,737± SF), Unit 1561 (1,824± SF), Unit 1563 (2,750± SF), Unit 1565 (9,900± SF), Unit 1571 (2,925± SF), Unit 1579 (23,602± SF), and Unit 1581 (2,750± SF).

Midway Crossing is positioned in the main retail corridor across from Midway Mall, just north of a Target and Giant Eagle anchored center. The location provides easy access to SR 57 (Lorain Blvd) and is less than one mile from the Ohio Turnpike (Interstate 80) and Interstate 90.

Additional retailers and brands listed for the center include Planet Fitness, U-Haul Self Storage, Car Parts Warehouse, Olive Garden, Chipotle, Verizon, and Taco Bell.

Key Highlights

  • 179,646± SF retail shopping mall on 16.94± acres
  • Multiple available units from 1,234± SF up to 25,200± SF
  • Available units include 23,602± SF (Unit 1579) and 9,900± SF (Unit 1565)

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Hair Salon Real Estate Agency Big Box & Wholesale Store Electrical Service HVAC Service Law Firm

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

397
Businesses Nearby
209k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 54% Shops & Services 23% Groceries 11% Apparel 6%
Marc's Groceries
22,641 visits/mo 0.4 miles
McDonald's Dining
22,335 visits/mo 0.1 miles
Olive Garden Dining
17,334 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
14,258 visits/mo 0.2 miles
Applebee's Dining
13,893 visits/mo 0.3 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail shopping mall with multiple available units and easy access to major Northeast Ohio roadways.
Where is this shopping center located?
The property is located at 1599 W River Rd N Elyria, OH.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 179,646± SF retail shopping mall on 16.94± acres; Multiple available units from 1,234± SF up to 25,200± SF; Available units include 23,602± SF (Unit 1579) and 9,900± SF (Unit 1565)
(440) 283-5143 Call to check price and availability
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