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Property profile & analytics
OFF-MARKET
Retail space

541 Cleveland St Elyria, OH 44035-4056

400 SF 0.29 ac lot Built 1951
Individually Owned 1-yr Hold Free & Clear
Property ID
US66-1327227
Property summary
AI-generated overview

This Elyria, OH property presents a unique investment opportunity encompassing two buildings on a 0.29-acre lot at 541 Cleveland Street. The main structure is a retail space, perfectly situated for a storefront business or office, benefiting from significant foot and vehicle traffic. Its prime location ensures excellent street visibility, maximizing exposure for any commercial venture. The second building is a residential house, offering potential for rental income or owner-occupied use. While requiring some renovations to reach its optimal condition, this residential component adds considerable versatility to the property. The combined potential of a thriving retail space and a rentable residential unit makes this an attractive proposition for investors seeking diverse income streams. The property's size and location in Elyria provide a solid foundation for a successful business and/or rental operation. The asking price is $129,000. Serious inquiries are encouraged to explore this promising investment opportunity further. The property's address is 541 Cleveland Street, Elyria, OH.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Construction WOOD FRAME
Total area 400 SF
Lot 0.29 ac (12,632 SF)
APN 06-25-013-102-001
UPID US66-1327227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lewis Monument Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Phyllis Dempsy · 1 yrs held
Phyllis Dempsy
since 2025
Last sale
$95,000
2 recorded transactions
2025
$95,000
2012
$118,300
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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