436 Cleveland St Elyria, OH 44035
- Retail space
- 2,992 SF
- 0.13 lot acres
Current Use by Public Records
- Fundak's Art Corner / Picture Frame Shop
Property Details for 436 Cleveland St
- Year built
- 1907
- Construction
- FRAME
- Lot size
- 0.13 lot acres
- Property size
- 2,992 SF
- Property type
- Retail space
- APN
- 06-25-018-106-022
- APU
- 625018106022
Description
This exceptional Elyria retail property at 436 Cleveland Street offers a fantastic opportunity for a variety of businesses. Boasting a total of 2,992 square feet, the building features nearly 1600 square feet of ground-floor retail or office space, complemented by a sizable enclosed porch. The first floor is ideal for a retail operation or professional offices, benefiting from high traffic volume in its location. Upstairs, a spacious 1400-square-foot apartment provides additional income potential or owner-occupancy options. This two-bedroom, two-bathroom apartment is a significant asset, offering versatility and potential rental income. The property also includes a convenient two-car attached garage, a full basement providing ample storage space, and a private parking lot for added convenience. The building has been meticulously maintained, with most mechanical systems recently updated, ensuring efficient and cost-effective operation. Situated on a 0.26-acre lot, this property offers easy access to major highways, enhancing its accessibility and appeal to both customers and employees. The combination of retail space, residential apartment, and ample parking makes this a truly unique and versatile investment opportunity. Its excellent condition and prime location make it an attractive proposition for a wide range of potential uses. Don't miss this chance to acquire a well-maintained, high-traffic property in a desirable location. Priced at $199,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $410,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $395,000
- Mixed-Use
- $345,000
- Hospitality
- $325,000
- Educational
- $365,000
- Residential Income
- $415,000
- Energy
- $375,000
- Income-Based Land
- $345,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0858
- Latitude
- 41.3752
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
