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23.74 Acres Industrial Land Parcels
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Murray Ridge Road & Lowell Street, Elyria, OH 44035

Three industrial land parcels totaling 23.74 acres for sale.

Property SizeContact for details
Lot Size23.74 Acres
Days on Market785

Property Features for Murray Ridge Road & Lowell Street

General Information

Standard status Active
Lot size 23.74 Acres
Property subtype Land
Zoning L-1: Light Industrial
Listing Agency: CBRE - Cleveland
Listed By: Mike Petrigan · License #OH SAL.0000435412
Source: Crexi
Added: Jun 19, 2024 Changed: Aug 8 Last Checked: Aug 10 at 11:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Cleveland

Investment Insights

Based on property information with market context.

Three parcels of industrial land, totaling 23.74 acres, are available. The site is zoned L-1: Light Industrial and is suitable for light industrial, warehousing, or storage purposes. All utilities are available on site. The location offers excellent freeway access and is surrounded by successful industrial neighbors. The property is centrally located within the City of Elyria, which is committed to development. The parcels include: Parcel 1 (0624021000077) consisting of 10.47 acres, Parcel 2 (0624014000088) consisting of 10.93 acres, and Parcel 3 (0624014000087) consisting of 2.34 acres.

Key Highlights

  • Total of 23.74 acres of industrial land across 3 parcels.
  • Zoned L‑1: Light Industrial, suitable for various uses.
  • Excellent freeway access.

Property Analytics

Current Use

Industrial land

Location Intelligence

Trade Area within ½ mile

41
Businesses Nearby

Demographics for 44035, OH

61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - Three industrial land parcels totaling 23.74 acres for sale.
Where is this industrial land located?
The property is located at Murray Ridge Road & Lowell Street Elyria, OH.
What is the asking price?
The asking price for this property is $517,530.
What are key features of this property?
This property features: Total of 23.74 acres of industrial land across 3 parcels.; Zoned L‑1: Light Industrial, suitable for various uses.; Excellent freeway access.
(216) 363-6435 Call to check price and availability
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