632 Cleveland St Elyria, OH 44035-4104
This prime Elyria, Ohio commercial property at 632 Cleveland Street presents a unique investment opportunity. The 0.37-acre lot houses a beautifully designed, historic-style brick building ideal for various uses, including office space, retail, or a mix of both. Previously utilized as a chiropractic/doctor's office, the building retains exam rooms and features two entrances, excellent street visibility, and ample parking for over 20 vehicles. The main building offers a large space potentially divisible into two units, along with a private laundry room and separate utilities. Three additional rental units are included, two currently occupied by long-term tenants, generating potential rental income exceeding $4000. A large basement, previously used as a residential rental, boasts two kitchens, two bathrooms, and spacious rooms. Recent upgrades include central air conditioning and vinyl windows. The building's high-traffic location, easy highway access, and significant parking make it an attractive proposition for owner-occupiers or investors seeking a strong return. The property is situated in Lorain County, Ohio, with a 44035 zip code.
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Abbe Chiropractic Offices Alternative Medicine Practice
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Duane A. Abbe, DC Alternative Medicine Practice
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.