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    Elyria, OH
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    Elyria, OH Restaurants for Sale

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    Akron, OH Piqua, OH Sheffield, OH Cleveland, OH Columbus, OH Grafton, OH Marysville, OH North Ridgeville, OH
    Turn-Key Bar/Lounge/Restaurant Opportunity
    Updated: Sep 5, 2023
    Turn-Key Bar/Lounge/Restaurant Opportunity

    8741 W Ridge, Elyria, OH 44035

    $435,000
    2,652 sqft
    Turn‑key bar/lounge/restaurant opportunity, ready for new ownership.
    Recently replaced roof and redone 80‑space parking lot with new landscaping.
    Updated kitchen equipment including freezers, flat top, broiler, and grill.
    Finished basement with outside access for private parties.
    Handicap accessible with two ramps and updated bathrooms.
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    This listing looks promising.

    Here's a quick look at some key insights for

    8741 W Ridge, Elyria, OH 44035

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    • Est. Cap Rate

      6.6%
      Above avg (5.9%)

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $408K
      Suggested

    • Last Sold

      Dec 2021
      $225K

    • Property Type

      Restaurant
      Built 1964
    View Property Analytics
    Freestanding Restaurant Building For Sale
    Updated: Apr 3
    Freestanding Restaurant Building For Sale

    5274 Abbe Rd N, Sheffield Village, OH 44035

    $2,100,000
    4,914 sqft 1.44 AC lot
    Triple‑net lease with zero landlord responsibilities.
    Located on N. Abbe Road (24,400 VPD) and near State Highway 254 (31,900 VPD).
    Outparcel to a Sam’s Club and At Home anchored center.
    Located near Lorain County Community College with 11,500 students.
    Strong demographics: 5‑mile trade area with a population of over 131,000 and average household income exceeding $81,000.
    View details
    Free-Standing Restaurant Building
    Free-Standing Restaurant Building

    1519 West River Rd North, Elyria, OH 44035

    $150,000
    10,583 sqft 3.67 AC lot

    Vacant second-generation restaurant on a hard-corner intersection with substantial parking and two curb cuts for flexible use.

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    Former Restaurant Building with Newer Roof
    Former Restaurant Building with Newer Roof

    517 Griswold Road, Elyria, OH 44035

    $44,500,011
    3,800 sqft

    Former Country Kitchen building with ample parking and a newer roof; major renovation is required for most uses.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Elyria, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Use Entertainment and Dining Building
    Multi-Use Entertainment and Dining Building

    2915 Broadway, Lorain, OH 44055

    $775,000
    17,567 sqft

    Solid brick building with a bowling alley, dining/bar areas, banquet space, and central air for multiple revenue uses.

    View details
    Restaurant Business for Sale
    Restaurant Business for Sale

    30006 Detroit Road, Westlake, OH 44145

    $400,000
    0.03 AC lot

    Japanese sushi, hibachi, and steak house business with approximately 200-seat capacity for sale, business-only.

    View details
    Corner Lot Restaurant with Apartment
    Corner Lot Restaurant with Apartment

    1700 E 31st St, Lorain, OH 44055

    $160,000
    2,928 sqft

    Retail restaurant with apartment and full basement on corner lot.

    View details
    Restaurant for Sale
    Restaurant for Sale

    24945 Detroit Road, Westlake, OH 44145

    $1,550,000

    Commercial restaurant property for sale near the intersection of Detroit and Columbia in Cuyahoga County.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    High-Traffic Corner Commercial Lot
    High-Traffic Corner Commercial Lot

    27693 Butternut Ridge Road, North Olmsted, OH 44070

    $69,900
    0.21 AC lot

    0.21-acre commercial lot at a signalized 5-way intersection.

    View details
    Highway Development Opportunity in Richfield
    Highway Development Opportunity in Richfield

    4108 Wheatley Road, Richfield, OH 44286

    $1,750,000
    6.44 AC lot

    6.44-acre commercial development site with high visibility and access.

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    Prime Commercial Development Site
    Prime Commercial Development Site

    408 Milan Avenue, Norwalk, OH 44857

    $475,000
    2.95 AC lot

    2.95-acre commercial development site with high visibility and accessibility.

    View details
    Corner Commercial Land Lot
    Corner Commercial Land Lot

    443 BROADWAY Avenue, Bedford, OH 44146

    $50,000
    0.18 AC lot

    Corner lot with approximately 80 feet of frontage on Broadway and 97 feet on East Grace.

    View details

    Off-Market Properties in Elyria, OH

    Consider similar Off-Market properties in Elyria, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    656 Sugar Ln
    RESTAURANT

    656 Sugar Ln, Elyria, OH 44035-6310

    Value Estimation by Request
    1,536 sqft 0.62 AC lot
    View details
    42255 Butternut Rdg Rd
    RESTAURANT

    42255 Butternut Rdg Rd, Elyria, OH 44035-7433

    Value Estimation by Request
    10,365 sqft 2.87 AC lot
    View details
    503 Griswold Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    503 Griswold Rd, Elyria, OH 44035-2306

    Value Estimation by Request
    6,579 sqft 1.13 AC lot
    View details
    5223 Detroit Rd
    RESTAURANT

    5223 Detroit Rd, Sheffield Village, OH 44054-2902

    Value Estimation by Request
    5,893 sqft 2.44 AC lot
    View details
    801 Foster Ave
    RESTAURANT

    801 Foster Ave, Elyria, OH 44035-3332

    Value Estimation by Request
    1,920 sqft 0.33 AC lot
    View details
    2000 Midway Mall
    RESTAURANT

    2000 Midway Mall, Elyria, OH 44035-2472

    Value Estimation by Request
    5,115 sqft 1.48 AC lot
    View details
    4900 Transportation Dr
    RESTAURANT

    4900 Transportation Dr, Sheffield Village, OH 44054-2814

    $2,155,000
    Estimated value
    12,690 sqft 3.21 AC lot
    View details
    1001 Broad St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1001 Broad St, Elyria, OH 44035-6303

    $1,550,000
    Estimated value
    3,069 sqft 0.93 AC lot
    View details
    2422 Rdg Rd
    RESTAURANT

    2422 Rdg Rd, Elyria, OH 44035-1325

    Value Estimation by Request
    2,132 sqft 1.44 AC lot
    View details
    528 Riv N Rd
    RESTAURANT

    528 Riv N Rd, Elyria, OH 44035-4956

    Value Estimation by Request
    588 sqft 0.46 AC lot
    View details
    1507 Grafton Rd
    RESTAURANT

    1507 Grafton Rd, Elyria, OH 44035-8107

    Value Estimation by Request
    2,280 sqft 0.82 AC lot
    View details
    6868 Lk Ave
    RESTAURANT

    6868 Lk Ave, Elyria, OH 44035-2150

    Value Estimation by Request
    1,056 sqft 0.45 AC lot
    View details
    827 Cleveland St
    DRIVE-THRU RESTAURANT, FAST FOOD

    827 Cleveland St, Elyria, OH 44035-4107

    Value Estimation by Request
    3,373 sqft 1.08 AC lot
    View details
    38315 Chestnut Rdg Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    38315 Chestnut Rdg Rd, Elyria, OH 44035-8644

    Value Estimation by Request
    2,380 sqft 1.20 AC lot
    View details
    5382 Abbe Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    5382 Abbe Rd, Sheffield Village, OH 44035-1448

    $2,560,000
    Estimated value
    4,632 sqft 1.32 AC lot
    View details
    105 Fairlawn Ave
    RESTAURANT

    105 Fairlawn Ave, Elyria, OH 44035-6111

    Value Estimation by Request
    3,180 sqft 0.21 AC lot
    View details
    515 Clark St
    RESTAURANT

    515 Clark St, Elyria, OH 44035-6109

    Value Estimation by Request
    2,240 sqft 0.13 AC lot
    View details
    42753 Rdg Rd
    RESTAURANT

    42753 Rdg Rd, Elyria, OH 44035-1054

    Value Estimation by Request
    3,266 sqft 1.00 AC lot
    View details
    333 Clark St
    RESTAURANT

    333 Clark St, Elyria, OH 44035-6105

    Value Estimation by Request
    2,972 sqft 0.12 AC lot
    View details
    710 Cleveland St
    DRIVE-THRU RESTAURANT, FAST FOOD

    710 Cleveland St, Elyria, OH 44035-4106

    Value Estimation by Request
    2,288 sqft 0.40 AC lot
    View details

    Elyria, OH Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Elyria, OH, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 21,949 square feet of properties for sale, with an estimated market value of $47,185,012.

    Sale prices for restaurant properties in Elyria, OH start at $150,000, averaging $11,796,253, and reaching up to $44,500,012 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 1

    Demographics Overview

    Population 110K
    Population Growth (5Y) +3.5%
    Median Household Income $69,523
    College Educated 34.3%

    High-Yield Neighborhoods for Investment

    Identify Elyria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    44035 $9.6M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lorain County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Elyria fall within the 100,000+ square foot range.

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