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    510 Chestnut Commons Dr Elyria, OH 44035

    Sponsored
    For Lease
    Contact for pricing

    Prime Elyria retail space, high visibility, flexible sizes.

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents 2,000 to 6,400 square feet of available space within the Elyria Shoppes on SR 57, located at 510 Chestnut Commons Dr, Elyria, OH 44035. The property is a 6,400 square foot strip center in Lorain County, offering multiple tenancy options. Benefit from incredible visibility to Route 57, with prominent front and rear signage opportunities to maximize your brand's exposure. This location boasts a strong regional retail trade area, surrounded by major national retailers including Walmart, Petco, Taco Bell, Burger King, Discount Drug Mart, Cleveland Clinic, Panera Bread, KFC, Mattress Firm, and a Bureau of Motor Vehicles. This established commercial area provides a high-traffic environment and a diverse customer base, ensuring significant foot traffic and potential for business growth. The flexible space allows for customization to suit various retail needs, making it an ideal location for a wide range of businesses. This is a rare opportunity to establish or expand your business in a thriving retail hub.

    Property Features for 510 Chestnut Commons Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,400 SF

    HighLights

    • 2,000 - 6,400 SF of retail space available in Elyria Shoppes on SR 57.
    • Located at 510 Chestnut Commons Dr, Elyria, OH 44035, within a 6,400 SF strip center in Lorain County.
    • High visibility on Route 57 with prominent signage opportunities.
    • Strong regional retail trade area with nearby national retailers including Walmart, Petco, and others.
    • Flexible space adaptable to various retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sleep Outfitters Mattress Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.067196347255
    Latitude
    41.347081053374

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Elyria retail space, high visibility, flexible sizes.
    Where is this neighborhood center located?
    The property is located at 510 Chestnut Commons Dr Elyria, OH.
    What are key features of this property?
    This property features: 2,000 - 6,400 SF of retail space available in Elyria Shoppes on SR 57.; Located at 510 Chestnut Commons Dr, Elyria, OH 44035, within a 6,400 SF strip center in Lorain County.; High visibility on Route 57 with prominent signage opportunities.
    Request Owner's contact information
    510 Chestnut Commons Dr Elyria, OH 44035
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    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
    510 Chestnut Commons Dr Elyria, OH 44035
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