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    River Rd Elyria, OH 44035

    For Sale
    $295,000

    Prime Elyria medical office, 5,420 SF.

    Property size:
    5,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional two-story medical office building, totaling 5,420 square feet of net rentable space, presents a unique investment opportunity in Elyria, Ohio. Situated on a 0.24-acre lot (APN: 06-25-115-000-004), this property boasts a highly desirable location less than a block from UH Elyria Medical Center, placing it within the heart of the Elyria Trade Area and just east of downtown Elyria. The building's convenient location offers excellent visibility and accessibility for patients and staff. The property is currently configured as a medical office building, making it ideal for a variety of healthcare practices. Further enhancing its potential, an adjacent corner lot of 0.29 acres is available for purchase, along with two additional parcels totaling 0.21 acres, providing ample room for expansion or additional development. This presents a rare chance to acquire a well-situated medical office building with significant expansion possibilities in a thriving Ohio market. The asking price for this turnkey property is $295,000. This is a fantastic opportunity for investors seeking a strong return in a high-demand area.

    Property Features for 0 River Rd

    General Information

    Property type
    Medical offices
    Square Feet
    5,420 SF
    Lot Size
    10,454 SF

    Building Details

    Stories
    2

    HighLights

    • For Sale
    • 0.24‑Acre Site
    • Less than one block from UH Elyria Medical Center
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0867631
    Latitude
    41.3397602

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    FAQs

    What type of property is this?
    Medical office - Prime Elyria medical office, 5,420 SF.
    Where is this medical office located?
    The property is located at River Rd Elyria, OH.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: For Sale; 0.24-Acre Site; Less than one block from UH Elyria Medical Center
    Request Owner's contact information
    River Rd 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
    River Rd Elyria, OH 44035
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