Freestanding Manufacturing and Assembly
For Sale
Contact for pricing
561 Ternes Ln, Elyria, OH 44035
Freestanding manufacturing and assembly space with partial climate control and minimal columns for operational flexibility.
Property Size15,496 SF
Price / SF$65.82
Days on Market179
Property Features for 561 Ternes Ln
General Information
Standard status
Active
Size
15,496 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1470
Listed By:
Coleman Sorenson
Source:
Moodyscre
Added: Feb 2
Changed: Jul 30
Last Checked: Jul 30 at 7:36AM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
Freestanding manufacturing and assembly building offering partially climate controlled space. The layout includes minimal columns, which can support more flexible manufacturing and operating configurations.
The property is positioned in a high-image industrial setting with easy access to major interstates I-90 & I-80 (Ohio Turnpike). It also offers signage opportunities along Ternes Lane and is easily accessible from the Lorain County transit bus line.
With approximately 15,496 square feet of manufacturing and assembly space, the building is designed to accommodate practical industrial workflows where layout flexibility matters.
The property is positioned in a high-image industrial setting with easy access to major interstates I-90 & I-80 (Ohio Turnpike). It also offers signage opportunities along Ternes Lane and is easily accessible from the Lorain County transit bus line.
With approximately 15,496 square feet of manufacturing and assembly space, the building is designed to accommodate practical industrial workflows where layout flexibility matters.
Key Highlights
- Partially climate controlled manufacturing and assembly space
- Freestanding industrial building in a high‑image industrial setting
- Minimal columns for maximum operational flexibility
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.9k | $5.61 |
| − Vacancy | −$3.3k | −$0.21 |
| EGI | $83.6k | $5.40 |
| − OpEx | −$25.1k | −$1.62 |
| NOI | $58.5k | $3.78 |
15,496 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$836.3K
$731.8K – $975.7K
NOI $58,540 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.42M – $4.56M
NOI $273,349 @ 7.0% cap · market cap 26.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Freestanding manufacturing and assembly space with partial climate control and minimal columns for operational flexibility.
Where is this manufacturing property located?
The property is located at 561 Ternes Ln Elyria, OH.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Partially climate controlled manufacturing and assembly space; Freestanding industrial building in a high‑image industrial setting; Minimal columns for maximum operational flexibility
