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    Property profile & analytics

    401 Cleveland St Elyria, OH 44035

    • Strip malls
    • 24,703 SF
    • 0.85 lot acres
    For Sale
    View listing
    $2,300,000
    Value Estimation
    Last Sale
    Jul 05, 2022
    $1,728,000
    Location Intelligence
    Property ID
    US66-5233201
    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

    • Digital Imaging Solutions / Photo Shop
    • Elyria Lowcost Pharmacy / Pharmacy / Drug Store
    • MoneyGram / Money Transfer Service

    Property Details for 401 Cleveland St

    Lot size
    0.85 lot acres
    Property size
    24,703 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    06-25-016-103-021
    APU
    625016103021

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,875,000
      6.5%
      $1,840,000
      7%
      $1,610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,690,000
      Geo Method
      $1,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,995,000
      Retail
      $1,925,000
      Mixed-Use
      $1,680,000
      Hospitality
      $2,095,000
      Educational
      $2,080,000
      Residential Income
      $1,610,000
      Energy
      $1,685,000
      Income-Based Land
      $2,190,000
      Food Service
      $1,595,000

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0869
    Latitude
    41.3743
    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
    $38,888
    $51,870
    $479,570
    $531,440
    -
    $148,200
    $1,370,200
    $1,518,400

    Comparable in this City

    • Value Estimation by Request
      11,520 SF

      621 Chestnut Cmns Dr

      SHOPPING CENTER, STRIP CENTER • 11,520 SF
      621 Chestnut Cmns Dr, Elyria, OH 44035-9609
      View Details
    • Value Estimation
      $355,000
      7,200 SF

      635 Abbe S Rd

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      635 Abbe S Rd, Elyria, OH 44035-7243
      View Details
    • Value Estimation by Request
      11,185 SF

      1401 Ee Ave

      SHOPPING CENTER, STRIP CENTER • 11,185 SF
      1401 Ee Ave, Elyria, OH 44035-8101
      View Details
    • Value Estimation
      $1,545,000
      8,816 SF

      209 Midway Blvd Ste A

      SHOPPING CENTER, STRIP CENTER • 8,816 SF
      209 Midway Blvd Ste A, Elyria, OH 44035-2785
      View Details
    • Value Estimation
      $915,000
      37,875 SF

      626 Leona St

      SHOPPING CENTER, STRIP CENTER • 37,875 SF
      626 Leona St, Elyria, OH 44035-2404
      View Details
    • Value Estimation
      $570,000
      1,530 SF

      38505 Chestnut Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 1,530 SF
      38505 Chestnut Rdg Rd, Elyria, OH 44035-8252
      View Details

    Similar Nearby for Sale

    • $2,350,000
      0.83 Acres

      Elyria Retail Strip Mall Investment

      Fully occupied retail strip mall in high-traffic Elyria location.
      401-427 Cleveland St, Elyria, OH 44035
      View Details
    • $2,300,000
      24,871 SF

      Cleveland Street

      Lifestyle centers • 24,871 SF
      401 Cleveland St, Elyria, OH 44035
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space Near Major Retailers

      High-visibility retail space near I-80 and I-90.
      3343 Midway Mall, Elyria, OH 44035
      View Details
    • $49,900
      0.29 Acres

      Elyria Retail Building: High Traffic Area

      Prime Retail Space, Updated, High Visibility
      10465 Lagrange Rd, Elyria, OH 44035
      View Details
    • $195,000
      5,584 SF

      Former Church and Retail Buildings

      Two buildings in high-visibility area, priced to sell.
      1611-1621 Middle Ave, Elyria, OH 44035
      View Details
    • $550,000
      5,115 SF

      Retail Property in Midway Mall

      Retail property for sale in Elyria, Ohio, totaling 5,115 SF.
      2000 Midway Mall, Elyria, OH 44035
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      36,155 SF

      Retail Space in Elyria Plaza

      Well-kept retail space in a high-traffic shopping plaza.
      401B Cleveland St, Elyria, OH 44035
      View Details
    • Contact for pricing
      2,900 SF

      Elyria Retail Space For Lease

      Retail spaces available in neighborhood shopping center anchored by major tenants.
      464-500 N Abbe Rd, Elyria, OH 44035
      View Details
    • Contact for pricing
      1,600 SF

      Elyria Retail Space For Lease

      Retail spaces available in neighborhood shopping center anchored by major tenants.
      500 N Abbe Rd, Elyria, OH 44035
      View Details
    • Contact for pricing
      5,450 SF

      Retail Space Near West River

      Retail space available in a plaza near West River Road.
      150-166 Midway Blvd, Elyria, OH 44035
      View Details
    • Contact for pricing
      6,400 SF

      Elyria Shoppes: Retail Space Available

      Prime Elyria retail space, high visibility, flexible sizes.
      510 Chestnut Commons Dr, Elyria, OH 44035
      View Details
    • Contact for pricing
      267,000 SF

      River Street Square Retail Center

      Elyria, Ohio Shopping Center - 16 Spaces Available
      205 Midway Blvd, Elyria, OH 44035
      View Details
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    401 Cleveland St
    Elyria, OH 44035
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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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