Multi-Tenant Shopping Center For
For Sale
Contact for pricing
825 Cleveland St, Elyria, OH 44035
79,428 SF shopping center with redevelopment potential in Elyria, OH.
Property Size79,579 SF
Lot Size7.42 Acres
Price / SF$14.45
Days on Market158
Property Features for 825 Cleveland St
General Information
Standard status
Active
Size
79,579 SF
Total Parking Spaces
285
Lot size
7.42 Acres
Property subtype
Retail
Zoning
Business General
Building Details
Tenancy
Multi
Listing Agency:
Hanna Commercial Real Estate
(216) 861-5290
Listed By:
Colin Wiehn · License #2025003205
Source:
Crexi
Added: Mar 17
Changed: Aug 13
Last Checked: Aug 21 at 3:48PM
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 Hanna Commercial Real Estate
Investment Insights
Based on property information with market context.
This 79,428-SF multi-tenant shopping center is situated on 7.42 acres and includes 285 parking spaces. The property is located in a primary retail corridor along US-20. Zoned Business General, the site allows for broad retail and commercial flexibility. The large-format footprint provides future repositioning, subdivision, or redevelopment potential, while the ample parking field and site layout allow for possible pad development or adaptive reuse. The property is anchored by Big Lots (63,433 SF) operating under a 7-year initial term (6/1/2025–5/31/2032) with four (4) five-year renewal options. Dollar Tree (14,925 SF) is operating under a 99-year ground lease providing long-term site stability.
Key Highlights
- Anchored by Big Lots (63,433 SF) with a 7‑year initial term and renewal options
- Dollar Tree (14,925 SF) operating under a 99‑year ground lease, ensuring long‑term stability
- Large‑format footprint (79,428 SF) allows for future repositioning, subdivision, or redevelopment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 34%
Superstores 25%
Big Lots
Superstores
20,404 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,959 visits/mo
0.1 miles
Wendy's
Dining
13,347 visits/mo
0.4 miles
Rally's
Dining
9,340 visits/mo
0.1 miles
Taco Bell
Dining
8,561 visits/mo
0.4 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 79,428 SF shopping center with redevelopment potential in Elyria, OH.
Where is this shopping center located?
The property is located at 825 Cleveland St Elyria, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Anchored by Big Lots (63,433 SF) with a 7‑year initial term and renewal options; Dollar Tree (14,925 SF) operating under a 99‑year ground lease, ensuring long‑term stability; Large‑format footprint (79,428 SF) allows for future repositioning, subdivision, or redevelopment
