361 Midway Blvd Elyria, OH 44035
For Lease
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This exceptional 3,736 square foot freestanding retail space, formerly a bank branch, presents a unique opportunity in Elyria, Ohio. Located at 361 Midway Blvd, this single-tenant property sits on a 0.66-acre lot and boasts excellent visibility. The building's zoning is Business General District (G-B), offering flexibility for a variety of uses. Its strategic location directly across from ICP's $42 million Midway Mall redevelopment project ensures high traffic and significant future growth potential. The property features ample space for customization and adaptation to suit a wide range of businesses. The address is easily accessible from Moran Ave, providing convenient access for customers and employees. The property's APN is 06-24-031-106-037, and it is situated in Lorain County, Ohio, zip code 44035. This is an ideal location for businesses seeking high visibility and proximity to a major redevelopment project. The entire 3,736 square feet is currently vacant and ready for immediate occupancy. Don't miss this chance to establish your business in a thriving area with significant future development.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.