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Financial
Distress signals
Property profile

1550 Riv N Rd Elyria, OH 44035

OFF-MARKET
Turn key restaurants
Property ID
US66-2142035
6,394 SF 1.18 ac lot Built 2002
Last sale Aug 2017 · $4,462,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail space is located along Lorain Boulevard and West River Road, providing street frontage and visibility. The property is positioned between Interstate 80 and Interstate 90, approximately 15 miles west of Cleveland, and contains 6,689 square feet of retail area. Nearby retail centers and national brands in the surrounding area include At Home, Regal Cinemas, Burlington Coat Factory, Planet Fitness, Toys R Us, Dick’s Sporting Goods, Target, and Home Depot.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$172k
Assessed land$54k
Assessed improvement$118k
Effective rate7.27%

Value estimate

· Oct 2026
$295k
$266k – $325k
AI approach$295k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$109/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$55 – $185
Qualifying comparables8

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: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon12.2
Realty agency11.9
Kitchen & Bath11.1

Location

1550 Riv N Rd Elyria, OH 44035-2790
County assessor Recorded deeds · 5 transfers 8 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
630 Middle, Elyria, OH 44035-5851 $345,000 Dec 2025 8,182 SF
38295 Chestnut Rdg, Elyria, OH 44035-8646 $1,456,500 Jun 2025 8,752 SF
1535 Riv N, Elyria, OH 44035-2713 $860,000 Jun 2025 9,420 SF
503 Griswold, Elyria, OH 44035-2306 $2,635,300 Jun 2025 6,579 SF
574 Abbe S, Elyria, OH 44035-6302 $610,000 Jan 2025 7,545 SF
614 Prospect, Elyria, OH 44035-6635 $110,000 Jun 2024 4,608 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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