10465 Lagrange Rd Elyria, OH 44035-7701
This exceptional free-standing commercial building, situated at 10465 Lagrange Road in Elyria, Ohio, presents a remarkable investment opportunity. The solid brick structure is located in a high-traffic area, ensuring excellent visibility and accessibility for potential businesses. The property boasts ample parking, a significant advantage for customers and employees alike. Previously utilized as a barber shop, this versatile space is ideal for a variety of neighborhood retail ventures. The building features recent upgrades, including new flooring, updated electrical systems, and fresh paint, minimizing immediate capital expenditures for the new owner. A substantial 1500-gallon commercial aeration tank is already in place. The property sits on a generous 0.29-acre lot, providing significant expansion potential. Furthermore, township approval has already been granted for an addition to the existing building, offering considerable flexibility for future growth and adaptation to evolving business needs. This turnkey property combines a desirable location with modern amenities and expansion possibilities, making it an attractive proposition for savvy investors seeking a strong return on their investment. The asking price is $49,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.