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    Property profile & analytics

    311 Midway Blvd Elyria, OH 44035-2410

    • Drive through restaurants
    • 4,680 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Location Intelligence
    Property ID
    US66-0788711
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • McDonald's / Restaurant / Fast Food Restaurant

    Property Details for 311 Midway Blvd

    Year built
    1993
    Lot size
    0.39 lot acres
    Property size
    4,680 SF
    Property type
    Drive through restaurants
    APN
    06-24-031-106-040
    APU
    624031106040

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1077
    Latitude
    41.399
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,580
    $91,263
    $535,686
    $626,949
    -
    $260,750
    $1,530,530
    $1,791,280

    Comparable in this City

    • Value Estimation
      $2,555,000
      4,632 SF

      5382 Abbe Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,632 SF
      5382 Abbe Rd, Sheffield Village, OH 44035-1448
      View Details
    • Value Estimation
      $270,000
      864 SF

      6340 Lk Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 864 SF
      6340 Lk Ave, Elyria, OH 44035-1116
      View Details
    • Value Estimation
      $355,000
      3,373 SF

      827 Cleveland St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,373 SF
      827 Cleveland St, Elyria, OH 44035-4107
      View Details
    • Value Estimation by Request
      1,084 SF

      711 Cleveland St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,084 SF
      711 Cleveland St, Elyria, OH 44035-4105
      View Details
    • Value Estimation
      $360,000
      2,924 SF

      558 Griswold Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,924 SF
      558 Griswold Rd, Elyria, OH 44035-2305
      View Details
    • Value Estimation
      $530,000
      2,184 SF

      600 Chestnut Cmns Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,184 SF
      600 Chestnut Cmns Dr, Elyria, OH 44035-9612
      View Details

    Similar Nearby for Sale

    • $184,000
      0.10 Acres

      Elyria Retail Building For Sale

      Former bakery/catering service building, potential for two storefronts.
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      Fully operational restaurant and bar with equipment and liquor license.
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      Former Restaurant Building Near Mall

      Former restaurant building near retail area, major highways, and retailers.
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    • Contact for pricing
      10,583 SF

      Freestanding Restaurant Building on Large Parcel

      10,583 SF restaurant on 3.67 acre parcel for sale.
      1519 W River Rd N, Elyria, OH 44035
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    • $99,000
      0.67 Acres

      Elyria Commercial Building with Vault

      Former bank building with drive-thru, high visibility corner location.
      223 Abbe Rd N, Elyria, OH 44035
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    • $199,900
      2,992 SF

      Elyria Retail Building - High Traffic!

      Prime Retail Space w/ Apartment & Garage
      436 Cleveland St, Elyria, OH 44035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,344 SF

      Elyria Retail Space For Lease

      Prime Elyria location, 5,344 sq ft available.
      542 Griswold Rd, Elyria, OH 44035
      View Details
    • $1,200 /Mo
      Pending

      Retail Space on Chestnut Ridge

      1400 sqft retail space in Elyria, Ohio for lease.
      38529 Chestnut Ridge Rd, Elyria, OH 44035
      View Details
    • $1,895 /Mo
      8,712 SF

      Retail/Office Space in High-Traffic Area

      Versatile commercial space with showroom, offices, and convenient location.
      41981 N Ridge Rd, Elyria, OH 44035
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    • Contact for pricing
      31,080 SF

      Retail Space Near I-90

      Retail space with high visibility and multiple anchor tenants.
      5244 Cobblestone Rd, Sheffield Village, OH 44035
      View Details
    • Contact for pricing
      10,500 SF

      Retail Space on Detroit Road

      Retail property for lease with high traffic count.
      5255 Detroit Rd, Sheffield Village, OH 44035
      View Details
    • Contact for pricing
      2,270 SF

      Retail Space Midway Mall

      Retail space available in Midway Mall, Elyria, OH.
      6355 Midway Mall, Elyria, OH 44035
      View Details

    Property Visit Statistics

    • Visits by month
      35.1k
    • Visitors by month
      22.4k
    • Avg Time on site
      12 min
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    311 Midway Blvd
    Elyria, OH 44035-2410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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