Listing Agency: JLL | Cleveland d***@jll.com Show Phone

Listed By: Donald G Bain · License #SAL.0000314090 Show Phone

Source: Moodyscre

Added: Mar 20, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:59AM

Report an Issue

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 JLL | Cleveland

Investment Insights

Based on property information with market context.

This is a 5,420 square foot, two-story medical office building for sale. The property is situated less than one block from UH Elyria Medical Center, in the heart of the Elyria Trade Area, just east of downtown Elyria. The site encompasses 0.24 total acres. Annual taxes are $12,916.90. The parcel number is 06-25-115-000-004. An adjacent corner lot of 0.29 acres is also available for sale, with parcel numbers 0625115000001, 002, & 003. Two additional parcels totaling 0.21 acres are available for sale, with parcel numbers 0625116000011 & 12.

Key Highlights

• Less than 1 block from UH Elyria Medical Center
• 5,420 SF two‑story medical office building**
• Located in the heart of the Elyria Trade Area and just east of downtown Elyria

Property Analytics

Property Profile

Current Use

Liengkong Siew Inc Physician Castollo Lin Employment Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Dental Office 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

477

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

Questions? Ask Rey

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

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Restaurant Bar with Patio

41573 N Ridge Road, Elyria, OH 44035

$550,000

3,288 SF

View details

Brick Four-Unit Multifamily Building

428 West Avenue, Elyria, OH 44035

$299,900

4,800 SF

View details

First-Floor Medical Office Condo

125 E Broad St, $119, Elyria, OH 44035

$280,000

2,260 SF

View details

Live-Work Mixed-Use Building

229 5th Street, Elyria, OH 44035

$185,000

2,207 SF

View details

Free-Standing Restaurant Building

1519 West River Rd North, Elyria, OH 44035

Contact for pricing

10,583 SF

View details

Multi-Building Religious and Retail Property

1611 Middle Avenue, Elyria, OH 44035

$195,000

5,584 SF

View details

Car Wash Property with Dual Entrances

827 Middle Avenue, Elyria, OH 44035

$198,900

0.46 Acres

View details

Triplex Office Building with NNN

445 Griswold Rd, Elyria, OH 44035

Contact for pricing

2,592 SF

View details

Riverfront Quadplex

1004 East Avenue, Elyria, OH 44035

$179,900

4,004 SF

View details

Duplex with Remodeled Kitchens

228 Gates, Elyria, OH 44035

$126,500

1,491 SF

View details

Multi-Tenant Shopping Center For Sale

825 Cleveland St, Elyria, OH 44035

Contact for pricing

79,579 SF

View details

Brick Duplex with Two-Unit Layout

140 School Street, Elyria, OH 44035

$174,900

0.21 Acres

View details

Frequently Asked Questions

What type of property is this?

Medical Office Space - Two-story, 5,420 SF medical office building for sale.

Where is this medical office space located?

The property is located at 507 E River St Elyria, OH.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Less than 1 block from UH Elyria Medical Center; 5,420 SF two‑story medical office building**; Located in the heart of the Elyria Trade Area and just east of downtown Elyria