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

    430 Oberlin Rd Elyria, OH 44035

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, co-tenancy with Rural King

    Lot size:
    21,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Elyria, OH property offers a unique investment opportunity. Located at 430 Oberlin Rd, 44035, this site boasts excellent visibility and accessibility, situated on Oberlin-Elyria Road, one of two exits off State Route 20 (with 23,064 vehicles per day in 2023). The property includes a former gas station on approximately 0.5 acres and a 15,659 square foot former freestanding ALDI grocery store. This prime retail space benefits from a strong local demographic, with over 280,000 people residing within a 10-mile radius and over 10,000 vehicles passing daily. The co-tenancy with Rural King provides significant synergy and increased customer traffic. This presents an exceptional chance to establish a thriving business in a high-demand area of Lorain County. The property's location offers convenient access for customers traveling both north and south on State Route 20. The available spaces offer flexibility for a variety of retail uses, making it an ideal investment for entrepreneurs and businesses seeking a prominent location in a bustling community. The existing infrastructure provides a solid foundation for immediate occupancy or redevelopment.

    Property Features for 430 Oberlin Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,780 SF

    Unit(s) available at that property

    Space
    Size
    21,780 SF

    HighLights

    • High‑visibility Elyria, OH retail property at 430 Oberlin Rd, 44035, on Oberlin‑Elyria Rd (one of two SR 20 exits, 23,064 VPD).
    • 0.5‑acre site with a 15,659 SF former ALDI grocery store and former gas station.
    • Strong demographics: over 280,000 residents within 10 miles and 10,000+ VPD.
    • Synergistic co‑tenancy with Rural King.
    • Flexible space suitable for various retail uses; ready for immediate occupancy or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rural King Tractors Tractor Dealer Rural King Farm Equipment Supplier Rural King Guns Gun Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -82.115101513902
    Latitude
    41.344599766817

    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
    • New
      $2,500 /Mo
      Pending

      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
    • New
      $10,000 /Mo
      53,143 SF

      Former Bank Building with Drive-Thru

      Versatile commercial space near LCCC, I-90, and major thoroughfares.
      5380 N Abbe Rd, Elyria, OH 44035
      View Details
    • $12 SF/Yr
      6,290 SF

      Elyria Office Space For Lease

      Downtown Elyria office space with high visibility and ample parking.
      532 Broad St, Elyria, OH 44035
      View Details
    • Contact for pricing
      267,000 SF

      River Street Square Retail Center

      Elyria, Ohio Shopping Center - 16 Spaces Available
      205 Midway Blvd, Elyria, OH 44035
      View Details
    • $8 SF/Yr
      179,646 SF

      Midway Crossing Retail Center

      Elyria, OH Shopping Center Opportunity
      1599 River Rd, Elyria, OH 44035
      View Details
    • Contact for pricing
      450,300 SF

      Elyria Warehouse: 450,300 SF

      Massive warehouse, 36 acres, immediate occupancy.
      901 Cleveland St, Elyria, OH 44035
      View Details
    • $4 SF/Yr
      702,400 SF

      Spacious Warehouse with Highway Access

      Large industrial property with on-site management and highway access.
      1400 Lowell St, Elyria, OH 44035
      View Details
    • $12 SF/Yr
      4,600 SF

      Elyria Commercial Space Available

      Flexible Office Space, Prime Location
      824 Broad St, Elyria, OH 44035
      View Details
    • Contact for pricing
      25,954 SF

      Elyria Retail Space For Lease

      25,594 SF retail space in dominant shopping center.
      360 Market Dr, Elyria, OH 44035
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, co-tenancy with Rural King
    Where is this individual retail property located?
    The property is located at 430 Oberlin Rd Elyria, OH.
    What are key features of this property?
    This property features: High-visibility Elyria, OH retail property at 430 Oberlin Rd, 44035, on Oberlin-Elyria Rd (one of two SR 20 exits, 23,064 VPD).; 0.5-acre site with a 15,659 SF former ALDI grocery store and former gas station.; Strong demographics: over 280,000 residents within 10 miles and 10,000+ VPD.
    Request Owner's contact information
    430 Oberlin 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.
    430 Oberlin 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
    430 Oberlin 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.