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Prime Land in Central Lorain

441 Griswold Road, Elyria, OH 44035

For Sale
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Land with high traffic, development potential, and tax incentives.

Property SizeContact for details
Days on Market228

Property Features for 441 Griswold Road

General Information

Standard status Active
Property subtype Land
Zoning General Business (BG)
Listing Agency: Logos Realty Company
Listed By: Bob Graham · License #OH
Source: Crexi
Added: Mar 27 Changed: Nov 6 Last Checked: Nov 8 at 8:41AM

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 Logos Realty Company

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Investment Insights

Based on property information with market context.

This commercial land is situated in the general center of Lorain County, which has a population of 312,964 and is experiencing growth. The location offers convenient access to freeways from five different directions, with the Ohio Turnpike nearby adding two more access points. The site is positioned between Lorain, with a population of 65,211, and Elyria, with a population of 52,656. There are seven office buildings surrounding the site, with a low vacancy rate of 0.1%. A childcare facility with a 3-star rating is located next door. The corner of the property is zoned for a gas station, and rezoning is possible as needed. Tax incentives may be available, and the city and county are motivated.

Key Highlights

  • High traffic location with freeway access from 5 directions plus Ohio Turnpike access.
  • Central location within Lorain County's population center (312,964 and growing).
  • Potential tax incentives from motivated city and county.

Property Analytics

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Suggested Use

Top Pick Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Locksmith Bakery Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

187
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
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Market

Properties on Market for Commercial land in Lorain County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - Land with high traffic, development potential, and tax incentives.
Where is this commercial land located?
The property is located at 441 Griswold Road Elyria, OH.
What is the asking price?
The asking price for this property is $4,584,000.
What are key features of this property?
This property features: High traffic location with freeway access from 5 directions plus Ohio Turnpike access.; Central location within Lorain County's population center (312,964 and growing).; Potential tax incentives from motivated city and county.
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