42483 N Ridge Rd Elyria, OH 44035
For Sale
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This exceptional 2,881 square foot freestanding commercial property, located at 42483 N Ridge Rd in Elyria, Ohio, presents a lucrative investment opportunity. Priced at $550,000, this retail space sits on a prominent 0.52-acre corner lot, boasting unparalleled visibility and accessibility. The building currently functions as an auto service center, offering a versatile layout adaptable to various retail uses. Its strategic location benefits from high daily traffic volume, with 11,147 vehicles passing on N. Ridge Rd and 4,374 on Elyria Ave. Furthermore, convenient access to OH-2, a major thoroughfare with 59,729 vehicles per day, ensures significant exposure to potential customers. The property is surrounded by a thriving retail environment, including established businesses such as Speedway, Subway, Marc's, Dollar Tree, and O'Reilly Auto Parts, creating a synergistic and attractive commercial landscape. This property's combination of size, location, and high traffic counts makes it an ideal investment for discerning buyers seeking a strong return on investment in a bustling Ohio market. The property's zip code is 44035, and it is situated in Lorain County.
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Tire Choice Auto Service Centers (Bike/Boat/Book/etc) Store Auto Parts Store
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
No recorded transactions found for this property.
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.