541 Cleveland St Elyria, OH 44035
- Retail space
- 400 SF
- 0.29 lot acres
Current Use by Public Records
- Lewis Monument Company / Monument Maker
Property Details for 541 Cleveland St
- Year built
- 1951
- Construction
- WOOD FRAME
- Lot size
- 0.29 lot acres
- Property size
- 400 SF
- Property type
- Retail space
- APN
- 06-25-013-102-001
- APU
- 625013102001
Description
This Elyria, OH property presents a unique investment opportunity encompassing two buildings on a 0.29-acre lot at 541 Cleveland Street. The main structure is a retail space, perfectly situated for a storefront business or office, benefiting from significant foot and vehicle traffic. Its prime location ensures excellent street visibility, maximizing exposure for any commercial venture. The second building is a residential house, offering potential for rental income or owner-occupied use. While requiring some renovations to reach its optimal condition, this residential component adds considerable versatility to the property. The combined potential of a thriving retail space and a rentable residential unit makes this an attractive proposition for investors seeking diverse income streams. The property's size and location in Elyria provide a solid foundation for a successful business and/or rental operation. The asking price is $129,000. Serious inquiries are encouraged to explore this promising investment opportunity further. The property's address is 541 Cleveland Street, Elyria, OH.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0813
- Latitude
- 41.3759
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
