517 Griswold Rd Elyria, OH 44035
For Sale
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This 0.8-acre commercial property at 517 Griswold Road in Elyria, Ohio (44035) is a former restaurant building available for $445,000. Located near Midway Mall and major highways, providing convenient access to a high volume of traffic and other national retailers. The property is zoned for commercial use and offers ample parking. The building itself requires significant renovation. However, it boasts a newer roof, representing a cost saving for a potential buyer. The property's strategic location within a well-established retail area presents a unique opportunity for an investor or entrepreneur seeking a restaurant space or other commercial venture. The substantial lot size provides flexibility for future development or expansion. This is a prime opportunity to acquire a property in a high-traffic area at a price designed to sell quickly. Serious inquiries are encouraged.
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.