Financial
Distress signals
Property profile

720 Lk Ave Elyria, OH 44035

OFF-MARKET
Retail space
Property ID
US66-1989455
2,182 SF 0.12 ac lot Built 1960
Last sale Sep 2024 · $60,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A corner storefront building constructed in 1900, situated on Lake Avenue and Foster, south of 113 and west of SR 57, near Downtown Elyria. The interior features a modernized finish and wood-look LVP flooring throughout, with numerous windows that provide substantial natural light. The premises are configured for small retail or office use, and include an attached garage and storage area that are excluded from the leased premises. The current zoning designation is Business Automotive per the City of Elyria interactive zoning map.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$23k
Assessed land$4k
Assessed improvement$19k
Effective rate7.27%

Value estimate

· Sep 2026
$60k
$54k – $66k
AI approach$60k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$62/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$38 – $99
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLORAIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.6
Dental Office19.8
Law Firm17.1

Location

720 Lk Ave Elyria, OH 44035-3544
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
212 Ee, Elyria, OH 44035-5615 $218,000 Oct 2024 2,202 SF
405 Woodland, Elyria, OH 44035-3219 $120,000 Jun 2024 2,562 SF
120 Middle Ave Ste, Elyria, OH 44035-5655 $130,000 Feb 2024 2,100 SF
1501 Grafton, Elyria, OH 44035-8107 $120,000 Dec 2023 2,626 SF
602 Oberlin Elyria, Elyria, OH 44035-7763 $140,000 Jul 2023 2,346 SF
38650 Butternut Rdg, Elyria, OH 44035-8438 $45,000 Feb 2023 2,288 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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