Technical
Financial
Distress signals
Property profile

1101 Midway Mall Elyria, OH 44035

FOR LEASE
Turn key restaurants
Property ID
US66-1135896
3,585 SF 1.2 ac lot Built 1998
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,308-square-foot retail space, formerly a successful restaurant, presents a unique opportunity in Elyria, Ohio. Located at 1101 Midway Mall, this single-tenant property boasts prime visibility along Lorain Boulevard, Midway Boulevard, and West River Road, ensuring high traffic and excellent brand exposure. Its strategic location between Interstates 80 and 90, just 15 miles west of Cleveland, provides easy access for customers throughout the region. The property is a freestanding outparcel within the Midway Mall shopping center, benefiting from the strong co-tenancy of established national retailers such as At Home, Regal Cinemas, Burlington Coat Factory, Planet Fitness, Toys R Us, Dick's Sporting Goods, Target, and Home Depot. Nearby, Dunham's Sports, JohnnyK's Powersports, and Staples further enhance the area's retail draw. The entire space is currently vacant, offering a blank canvas for a new business to establish itself in a thriving commercial environment. The property's size and location make it ideal for a variety of restaurant concepts or other retail uses. The address is 1101 Midway Mall, Elyria, OH 44035.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Total area 3,585 SF
Lot 1.2 ac (52,272 SF)
APN 06-24-030-000-127
UPID US66-1135896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1101 Midway Mall Elyria, OH 44035
Elyria metro Census 70300 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2017
$4.5M
2016
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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