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Property profile & analytics
OFF-MARKET
Specialty properties

626 Lorain Blvd Elyria, OH 44035

Entity Owned 1-yr Hold
Property ID
US66-2310198
Property summary
AI-generated overview

This impressive Elyria, Ohio property, located at 626 Lorain Boulevard, 44035, is offered at $325,000. The 1.25-acre lot encompasses eight parcels and features a 6,782 square foot, single-story brick building. The building boasts a central lobby connecting two bright, open rooms on either end. Additional features include multiple offices and restrooms. The west wing, a former sanctuary (2,520 sq ft), features 14-18 foot wooden beamed ceilings, a sound system, and pews. The east wing (3,120 sq ft) includes a kitchen with a sink, refrigerator, oven, and exhaust fan, along with two restrooms. Ample parking is available for approximately 50 vehicles, complemented by beautifully maintained green spaces in front and rear. The property has 182.5 feet of frontage and a depth of 300 feet. Zoned R-MD (Residential Medium Density District), permitted uses include educational institutions, group homes, non-commercial recreation, religious places of worship, and single-family dwellings. Conditional uses include bed and breakfasts and childcare facilities. The property is conveniently located approximately one mile from the Ohio Turnpike, offering excellent highway access.

Property profile
Verified
Property type Specialty properties
UPID US66-2310198
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
  • Mt Olivet Alliance Church Church
  • Mount Olivet alliance church - Food Distribution Center Food Bank Charitable Organization
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
Harvest Christian Church · 1 yrs held
Harvest Christian Church
since 2024
2 recorded transactions
2024
$250,000
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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