Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1599 River Rd Elyria, OH 44035

    For Lease
    $8 SF/Yr

    Elyria, OH Shopping Center Opportunity

    Lot size:
    179,646 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Midway Crossing, a 179,646 square foot neighborhood shopping center in Elyria, Ohio, presents a compelling investment opportunity. This single-story, 16-suite property sits on 16.94 acres and offers spaces ranging from 1,234 to 25,200 contiguous square feet, ideal for a variety of retail tenants. Built in 1986, the center boasts a prime location in a main retail corridor, directly across from Midway Mall and conveniently situated near Target and Giant Eagle. Its strategic location provides easy access to SR 57 (Lorain Blvd), Interstate 80 (Ohio Turnpike), and Interstate 90, ensuring high visibility and accessibility for potential tenants and customers. The property is zoned for retail use and features a strong tenant mix including Planet Fitness, U-Haul Self Storage, Car Parts Warehouse, Olive Garden, Chipotle, Verizon, and Taco Bell. Below-market rents offer significant potential for increased profitability. The property's APN is 0624173000025, 0624172000039, and is located at 1599 W River Rd N, Elyria, OH 44035. Nine spaces are currently available, providing immediate income potential. This is a rare opportunity to acquire a well-located, established retail center with significant upside. The property's size and flexible space options cater to a wide range of retail businesses. The existing tenant roster demonstrates the center's proven ability to attract and retain high-quality tenants.

    Property Features for 1599 River Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    179,646 SF
    Total Rate
    119764

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    #1561
    Size
    1,824 SF
    Rate per SF
    $12
    Space
    #1563
    Size
    2,750 SF
    Rate per SF
    $12
    Space
    #1561A
    Size
    1,737 SF
    Rate per SF
    $12
    Space
    #1579
    Size
    23,602 SF
    Rate per SF
    $12
    Space
    #1571
    Size
    2,925 SF
    Rate per SF
    $12
    Space
    #1565
    Size
    9,900 SF
    Rate per SF
    $12
    Space
    #1581
    Size
    2,750 SF
    Rate per SF
    $12
    Space
    #1573
    Size
    10,978 SF
    Rate per SF
    $12
    Space
    #1559
    Size
    1,234 SF
    Rate per SF
    $12

    HighLights

    • 179,646 SF neighborhood shopping center in Elyria, OH.
    • Single‑story, 16‑suite property on 16.94 acres with spaces ranging from 1,234 to 25,200 SF.
    • Prime retail location across from Midway Mall, near Target & Giant Eagle.
    • Excellent access to SR 57, I‑80, & I‑90.
    • Strong tenant mix including Planet Fitness, U‑Haul, and national brands.
    • Below‑market rents offer significant upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.105015517391
    Latitude
    41.398002301941

    Nearby Similar for Lease

    • $2,500 /Mo
      2,178 SF

      Professional Office Condo For Lease

      2400 sq ft office condo in prime Lorain County.
      5319 Meadow Lane Ct, Elyria, OH 44035
      View Details
    • $2,500 /Mo
      22,651 SF

      Elyria Commercial Space For Lease

      Commercial space in Elyria featuring offices, kitchen, and storage.
      418 E Broad St, Elyria, OH 44035
      View Details
    • $1,895 /Mo
      8,712 SF

      Retail/Office Space in High-Traffic Area

      Versatile commercial space with showroom, offices, and convenient location.
      41981 N Ridge Rd, Elyria, OH 44035
      View Details
    • $1,700 /Mo
      23,958 SF

      Elyria Commercial Rental Opportunity

      Commercial rental in high-traffic area near State Route 57/113.
      511 N Abbe Rd, Elyria, OH 44035
      View Details
    • $750 /Mo
      12,197 SF

      Office Space in Elyria, OH

      Office space available immediately with utilities and internet included.
      123 Reaser Ct, Elyria, OH 44035
      View Details
    • $1,000 /Mo
      36,155 SF

      Retail Space in Elyria Plaza

      Well-kept retail space in a high-traffic shopping plaza.
      401B Cleveland St, Elyria, OH 44035
      View Details

    FAQs

    What type of property is this?
    Retail property - Elyria, OH Shopping Center Opportunity
    Where is this retail property located?
    The property is located at 1599 River Rd Elyria, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 179,646 SF neighborhood shopping center in Elyria, OH.; Single-story, 16-suite property on 16.94 acres with spaces ranging from 1,234 to 25,200 SF.; Prime retail location across from Midway Mall, near Target & Giant Eagle.
    Request Owner's contact information
    1599 River Rd Elyria, OH 44035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1599 River Rd
    Elyria, OH 44035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1599 River Rd Elyria, OH 44035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.