Listed By
Agency Name: Home Equity Realty Group
Agency Contact: rnairair55@gmail.com, 330-350-0016
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
TOUR PROPERTY
Choose a date and time to see 501 Lake Avenue, Elyria, OH 44035.
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Property Description
Former bakery catering service still currently running out of building, can be divided up to have two storefronts or one large business out of building. Alot of catering and ovens will go with the building.
Property Features
Property Type: Commercial - Retail
Days on Market: 180
Heating: Gas
Lot Size: 0.10 Acres
Taxes: $3,715 / year
Year Built: 1960
Feature Descriptions
Parcel#: 06-24-062-101-003
Local Schools
School District: Elyria City
Demographics
Lorain County Demographic Information for 501 Lake Avenue, Elyria, OH 44035Fips
Fips Code 39093
Population
2020 to 2023 Change up 1.6%
2010 Count 301,356
2020 Count 312,964
2023 Estimate (V2023) 317,910
2020 Estimate (V2023) 312,956
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.4%
18 to 64 53.4%
65 and Older 19.9%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 2.8%
US 97.2%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 27.2%
Computer and Internet use
Households with a computer 93.8%
Households with a broadband Internet subscription 84.5%
Language
English is Second Language, Age 5+ 7.0%
English is First Language, Age 5+ 93.0%
Veterans
Veterans 17,970
Income
Per Capita Income $37,171
Median Household Income $67,272
People in Poverty 12.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 124,510
Average Household Size 2.45
Owner-Occupied 72.9%
Multi-Family 17.0%
Owner-Occupied Median Value $191,900
Median selected monthly owner costs -with a mortgage $1,474
Median selected monthly owner costs -without a mortgage $591
Median gross rent $886
Building Permits
New Private Housing Issued 2023 987
Years at Residence
1 Year or More 90.0%
Less Than 1 Year 10.0%
Business and Employment
Private non-farm Establishments 5,574
Private non-farm Employment 83,286
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,027
Number of Firms 20,914
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614
Source: US Census Bureau
501 Lake Avenue | MLS# 5152708
This commercial property located at 501 Lake Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $164,000. Lake Avenue is located within the Elyria City school district. Search Elyria real estate on 762hunterstrail.cutlerhomes.com today.