Technical
Financial
Distress signals
Property profile

124 Middle Ave 100 Elyria, OH 44035

OFF-MARKET
Banks
Property ID
US66-5688558
7,019 SF Built 1920
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This stunning, newly renovated 1,510 square foot office suite is situated on the second floor of the Lorain County Bank Building in the heart of downtown Elyria, Ohio. Boasting a prime location overlooking Central Park, this property offers unparalleled visibility and accessibility. The suite features a spacious layout ideal for a variety of businesses, including flexible office space. A welcoming foyer provides an excellent opportunity to showcase your company branding. The interior has been meticulously updated, including a modern kitchenette and a recently renovated bathroom, ensuring a comfortable and professional environment for your team and clients. The 0.01-acre lot provides convenient access to the building. This exceptional office space presents a rare opportunity to establish your business in a highly desirable location within the vibrant downtown Elyria community. The building's elevator provides easy access to the second-floor suite. The property is priced at $90,000 and offers a significant upgrade for businesses seeking a prestigious address and a functional, attractive workspace. Don't miss this chance to elevate your business presence in a thriving urban setting. This is a move-in ready space, perfect for immediate occupancy.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1920
Total area 7,019 SF
APN 06-26-063-701-001
UPID US66-5688558

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Atm Bank
  • Law Firm
  • Law Firm

Location

124 Middle Ave, Unit 100 Elyria, OH 44035-5657
Elyria metro Census 97600 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2016
4 recorded transactions
2019
Price N/A
2016
Price N/A
2010
Price N/A
1969
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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