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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1412 West Ave Elyria, OH 44035

2,072 SF 0.13 ac lot Built 1900
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a newly renovated 2,072 square foot storefront located at 1412 West Ave, Elyria, OH 44035. The property, built in 1900, sits on a spacious 0.13-acre, two-parcel lot offering ample parking and a convenient turnaround driveway. The storefront itself boasts abundant natural light thanks to new front windows, a half bath, and a large storage area accessible separately from the main retail space. Recent improvements include power washing, new exterior doors, and a freshly repaved blacktop driveway. Modernization extends to new electrical panels and hot water tanks for each unit. Above the storefront are three updated apartments: two one-bedroom units and one two-bedroom unit. Each apartment features fresh paint, new light fixtures, and new flooring. The basement provides additional storage space and has also been freshly painted. This property offers a unique blend of commercial and residential income potential, making it an ideal investment for those seeking a combination of business ownership and rental income. The asking price for this turnkey property is $229,900. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out!

Property profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 2,072 SF
Lot 0.13 ac (5,663 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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