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Mixed-Use Building with Apartment
For Sale
$185,000

229 5th St, Elyria, OH 44035

Two-level property combines commercial space, an upstairs residence, dedicated parking, and separate HVAC and hot water systems.

Property SizeContact for details
Days on Market41

Property Features for 229 5th St

General Information

Standard status Active

Building Details

Year Built 1900
Listing Agency: Northern Ohio Realty
Listed By: Michael A Hignett · License #2014000042
Source: Theacclaimedrealty
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 25 at 5:36AM

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 Northern Ohio Realty

Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use property at 229 5th Street includes a former chiropractic office occupying the first floor and a two-bedroom, one-bathroom apartment above. The building is zoned for mixed use, supporting the existing combination of commercial and residential space. A large attic adds another component to the property, with architectural drawings prepared by the current owner for an additional apartment upstairs.

Parking is provided by a gravel lot accessed from Barres Street, along with a private driveway from 5th Street. Separate HVAC and hot water systems serve the building. The first-floor office layout is also identified for potential conversion into one or more residential apartments, creating flexibility for a future live-work configuration or expanded residential use.

Key Highlights

  • Mixed‑use zoning with commercial and residential components
  • First floor contains a former chiropractic office
  • Second‑floor apartment has 2 bedrooms and 1 bathroom

Property Analytics

Current Use

Life Changing Wellness ... Alternative Medicine Practice Coates Jr Jack ... Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Big Box & Wholesale Store Restaurant Skin Care Clinic

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

1,061
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

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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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines commercial space, an upstairs residence, dedicated parking, and separate HVAC and hot water systems.
Where is this mixed-use property located?
The property is located at 229 5th St Elyria, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Mixed‑use zoning with commercial and residential components; First floor contains a former chiropractic office; Second‑floor apartment has 2 bedrooms and 1 bathroom
More about this property
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