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    1205 Sugar Ln Elyria, OH 44035

    Sponsored
    For Sale
    $549,000

    Prime Elyria industrial land, excellent highway access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.45-acre parcel of industrially zoned land is strategically located at 1205 Sugar Lane in Elyria, Ohio, zip code 44035. The property offers unparalleled access to major transportation arteries, including I-80 Turnpike, I-90, Route 2, Route 57, I-480, Route 10, and Route 20, ensuring seamless logistics and distribution capabilities. Currently vacant, this site presents a unique opportunity for development. The expansive lot size allows for flexibility in design and construction, accommodating a variety of industrial projects. Furthermore, the property is suitable for lot splitting, with the possibility of creating parcels ranging from one to two acres, catering to diverse development needs. This prime location, combined with its accessibility and zoning, makes this an exceptional investment opportunity for businesses seeking a strategic foothold in the thriving Elyria industrial market. The asking price for this exceptional property is $549,000. Serious inquiries are encouraged.

    Property Features for 1205 Sugar Ln

    General Information

    Property type
    Land
    Lot Size
    193,842 SF

    HighLights

    • 4.45‑acre industrially zoned land in Elyria, OH (44035).
    • Excellent access to I‑80, I‑90, Route 2, Route 57, I‑480, Route 10, and Route 20.
    • Currently vacant, suitable for various industrial projects.
    • Lot splitting potential for 1‑2 acre parcels.
    • Asking price: $549,000.
    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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0721049
    Latitude
    41.357892

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    FAQs

    What type of property is this?
    Land - Prime Elyria industrial land, excellent highway access.
    Where is this land located?
    The property is located at 1205 Sugar Ln Elyria, OH.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: 4.45-acre industrially zoned land in Elyria, OH (44035).; Excellent access to I-80, I-90, Route 2, Route 57, I-480, Route 10, and Route 20.; Currently vacant, suitable for various industrial projects.
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    1205 Sugar Ln Elyria, OH 44035
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    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
    1205 Sugar Ln Elyria, OH 44035
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