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Property profile & analytics
OFF-MARKET
Office buildings

1801 Elyria Ave Lorain, OH 44052-3635

6,258 SF 0.46 ac lot Built 1965
Entity Owned ~ Est. High Equity
Property ID
US66-5339459
Property summary
AI-generated overview

This exceptional 5,000-square-foot mixed-use building in Lorain, OH, presents a unique investment opportunity. Currently configured as a fully operational daycare center, the property is offered complete with all existing furnishings and equipment, making it ideal for immediate occupancy. The sale includes a substantial 0.46-acre lot providing ample space and 27 parking spots for clients and staff. A convenient loading bay enhances operational efficiency. Significant recent upgrades to the building's mechanical systems, encompassing HVAC, electrical, and plumbing, ensure long-term functionality and reduced maintenance costs. The flexible floor plan allows for continued use as a daycare or seamless conversion to office space or another mixed-use configuration. Located at 1801 Elyria Avenue, this property benefits from a prime location within the city of Lorain. This well-maintained building offers a rare chance to acquire a turnkey operation or a readily adaptable space for a new venture. The asking price is $500,000. This represents a compelling investment in a versatile commercial property with significant potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 6,258 SF
Lot 0.46 ac (20,038 SF)
APN 02-01-003-150-008
UPID US66-5339459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ace Wellness Center LLC
Ace Wellness Center LLC
since 2026
Last sale
$165,000
6 recorded transactions
2026
$266,500
2024
$320,400
2024
$165,000
2023
$90,000
2013
Price N/A
2006
$864,700
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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