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Property profile & analytics
OFF-MARKET Estimated value $905,000
Retail space

335 Midway Blvd Elyria, OH 44035-2793

5,712 SF 0.18 ac lot Built 1976
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US66-1687785
Property summary
AI-generated overview

This exceptional 5,780 square foot freestanding retail building presents a unique investment opportunity in Elyria, Ohio. Its strategic location offers unparalleled visibility and accessibility. Situated directly across from a planned redevelopment site, this property benefits from significant future growth potential. The building enjoys ample parking, a crucial amenity for customers and employees. Its convenient access from the I-90/Lorain Boulevard interchange ensures easy commutes for both patrons and staff. The property's central location within Elyria places it amidst a thriving retail landscape. Nearby established businesses include major national chains such as Lowe's, Marc's, Planet Fitness, PetSmart, McDonald's, Chipotle, Olive Garden, Wendy's, and many more, creating a strong and established commercial environment. This high-traffic area guarantees significant exposure for any business occupying this space. The single-tenant occupancy provides flexibility and control for the new owner. This freestanding building offers a rare combination of prime location, ample parking, and easy access, making it an ideal investment for discerning buyers seeking a strong return on investment in a rapidly developing area. The property's size and configuration are well-suited for a variety of retail uses. Don't miss this opportunity to secure a prominent retail presence in a dynamic and growing market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Total area 5,712 SF
Lot 0.18 ac (7,841 SF)
APN 06-24-031-106-022
UPID US66-1687785
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
$1.06M
CAP Approach CAP
$885k
Comparable Approach Comparable
$565k
Blend (final) Blend
$905k
Owner & transaction history
335 Midway Boulevard LLC · 5 yrs held
335 Midway Boulevard LLC
since 2020
Last sale
$900,000
2 recorded transactions
2020
$900,000
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $625,000 +77.6%
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