Mixed-Use Property with
For Sale
$199,900
436 Cleveland Street, Elyria, OH 44035
CommercialSale, Elyria, OH
Property Size1,600 SF
Lot Size0.26 Acres
Price / SF$124.94
Days on Market909
Property Features for 436 Cleveland Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Rooms
Basement
Parking
8
Parking features
Parking Lot
Elementary school district
Elyria CSD - 4706
Middle school district
Elyria CSD - 4706
High school district
Elyria CSD - 4706
Directions
West off of State Route 57 at the corner of Olive Street.
Standard status
Active
APN
06-25-018-106-022
Lot size
0.26 Acres
Additional Details
Mixed-Use Components
retail, residential
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4792
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
enclosed porch
attached garage
full basement
private parking lot
Building Details
Year built
1907
Floors in Building
2
Roof type
Asphalt
Buildings
1
Listing Agency:
Northern Ohio Realty
(440) 366-0099
Listed By:
Kenneth Keiffer · License #311666
(440) 355-5922
Added: May 2, 2024
Changed: Oct 25
Last Checked: Oct 27 at 11:06AM
MLS# 5035370
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level mixed-use building combines commercial and residential space under one roof. The first floor offers almost 1,600 square feet configured for retail or office use, along with an enclosed porch. Upstairs, a 1,400-square-foot apartment includes two bedrooms and two full bathrooms.
The property also includes a two-car attached garage, full basement, and private parking lot on a 0.26-acre parcel. Public water and public sewer serve the building, with natural gas forced-air heat and central air conditioning. Constructed in 1907, the property has an asphalt roof and highway access from its Elyria location.
The property also includes a two-car attached garage, full basement, and private parking lot on a 0.26-acre parcel. Public water and public sewer serve the building, with natural gas forced-air heat and central air conditioning. Constructed in 1907, the property has an asphalt roof and highway access from its Elyria location.
Key Highlights
- Almost 1600 SqFt of first‑floor retail/office space
- 1400 SqFt second‑floor apartment with two bedrooms and two full baths
- Two car attached garage and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,560
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,200
$331.2K
Cap Rate 7%
$236,571
$236.6K
Cap Rate 9%
$184,000
$184.0K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$28.8K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$26.5K $16.56/SF
− OpEx
−$9.9K −$6.21/SF
NOI
$16.6K $10.35/SF
Area
Lorain County, OH
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,200
Cap Rate 7%
$236,571
Cap Rate 9%
$184,000
Alternative Uses
Best Use
Office B
$288.5K
$252.5K – $336.6K
NOI $20,196 @ 7.0% cap · market cap 10.10%
Second Best
Mixed Use
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,224 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space occupies the first floor, with a separate residential apartment above.
Where is this mixed-use property located?
The property is located at 436 Cleveland Street Elyria, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Almost 1600 SqFt of first‑floor retail/office space; 1400 SqFt second‑floor apartment with two bedrooms and two full baths; Two car attached garage and full basement
