Listing Agency: Landmark Commercial Real Estate Services Show Phone

Listed By: Max Lippitt · License #MI 6501395927

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 7:10AM

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Investment Insights

Based on property information with market context.

This retail property, encompassing 8,475 square feet, is available for sale. The property is located at 1951 Midway Mall, Elyria, OH 44035 and offers a capitalized rate of 6.25%.

Key Highlights

• 6.25% CAP Rate
• Retail Property
• 8,475 SF

Property Analytics

Property Profile

Current Use

Firestone Complete Auto ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Hair Salon Electrical Service Law Firm HVAC Service 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

284k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 31% Groceries 8% Apparel 4%

GetGo Gas Station Shops & Services

40,025 visits/mo 0.4 miles

Marc's Groceries

22,641 visits/mo 0.2 miles

McDonald's Dining

22,335 visits/mo 0.0 miles

Olive Garden Dining

17,334 visits/mo 0.1 miles

Chipotle Mexican Grill Dining

14,258 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail properties & spaces located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail property - Retail property with 6.25% CAP rate available for sale.

Where is this retail property located?

The property is located at 1951 Midway Mall Elyria, OH.

What are key features of this property?

This property features: 6.25% CAP Rate; Retail Property; 8,475 SF