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    252 Broad St Elyria, OH 44035

    For Sale
    $450,000

    3,760 SF Freestanding Medical Building in Ohio

    Property size:
    3,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,760-square-foot Class B medical office building, located at 252 E Broad St, Elyria, OH 44035, presents a compelling owner-user opportunity. Built in 1971, this single-building property sits on a 0.56-acre lot and boasts recent updates throughout. The asking price is $450,000, translating to $119.68 per square foot. The property features ample parking, accommodating 35+ vehicles. Its convenient location offers easy access to major roadways including I-80 (Ohio Turnpike), State Route 57, and State Route 20. The building's proximity to University Hospital - Elyria Medical Center makes it an ideal location for medical professionals. The property's APN is 06-25-077-104-012, 06-25-077-104-003, 06-25-077-104-011, 06-25-077-104-009, 06-25-077-104-006. This turnkey space is perfect for established or expanding medical practices seeking a freestanding location in Lorain County. The net rentable area is 3,760 square feet.

    Property Features for 252 Broad St

    General Information

    Property type
    Medical offices
    Square Feet
    3,760 SF
    Class
    B
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1971
    Buildings
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marcia Warren, MA Speech Pathologist E.N.T. & Allergy Health ... Otolaryngology Clinic Prime insurance agency Insurance Agency Relief Insurance Service Insurance Agency

    Suggested Use

    Law Firm Restaurant Hair Salon Nail Salon Gym & Fitness Building Supply Daycare Center Auto Repair Shop Kitchen & Bath Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0927653
    Latitude
    41.3677786

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    FAQs

    What type of property is this?
    Medical office - 3,760 SF Freestanding Medical Building in Ohio
    Where is this medical office located?
    The property is located at 252 Broad St Elyria, OH.
    What is the asking price?
    The asking price for this property is $450,000.
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    252 Broad St 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
    252 Broad St Elyria, OH 44035
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