524 Cleveland StreetElyria, OH 44035

524 Cleveland StreetElyria, OH 44035

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$159,900 Active
Commercial - Office MLS 5166835

Listed By

Agency Name: RE/MAX Transitions
Agency Contact: TheTayeGroup@gmail.com, 440-454-2456

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Exceptional commercial opportunity in Elyria! This fully remodeled freestanding office building offers approximately 3,000 square feet of flexible finished space across 3 levels, including a finished walkout basement with a private rear entrance. The property features 3 exits?front, side, and back?for convenient access & tenant separation. A new AC unit is being installed. Thoughtful renovations include updated mechanicals, efficient forced air gas heating, central AC, refreshed lighting, flooring, and upgraded restrooms on multiple levels. Interior spaces are bright and adaptable with a mix of open work areas, private offices & conference or training rooms that can accommodate a single professional user or multiple tenants. The lower level walkout provides additional functional space ideal for storage, a secondary suite, client meeting areas or back-of-house operations. Outside, the site offers a partially fenced yard, new landscaping, and parking for 8-10 vehicles across paved and gravel surfaces. Located on Cleveland Street near Center Ridge Road with easy access to I-90 and downtown Elyria, the building benefits from strong street visibility and an estimated daily traffic count of approximately 10,000 vehicles, delivering excellent exposure for businesses that rely on local clientele. Zoned B-N Business-Neighborhood District, the property permits a wide array of uses including professional offices, financial services, child care, personal services, neighborhood retail, small restaurants, educational facilities and similar neighborhood-serving businesses, making it attractive to entrepreneurs, owners and investors. Additional features include a newer asphalt shingle roof, public water & sewer, security and storage options, and multiple entrance points for flexible circulation. This turnkey, updated commercial asset is ready for immediate occupancy and offers an exceptional combination of location, functionality and investment potential in a thriving neighborhood.

524 Cleveland Street | MLS# 5166835

This commercial property located at 524 Cleveland Street, Elyria, OH 44035 is currently listed for sale with an asking price of $159,900. Cleveland Street is located within the Elyria City school district. Search Elyria real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Office
Basement: Exterior Entry, Full, Finished, Interior Entry, Concrete, Bath/Stubbed, Sump Pump, Storage Space, Walk-Up Access, Walk-Out Access
Basement: Yes
Cooling: Central Air, Gas
Days on Market: 44
Heating: Forced Air, Gas
Lot Size: 0.08 Acres
Roof Type: Asphalt, Fiberglass, Shingle
Stories: 3.0
Taxes: $2,504 / year
Year Built: 1900

Feature Descriptions

Building Features: Private Restrooms, Public Restrooms, Storage
Fencing: Back Yard, Chain Link, Fenced, Partial
Parcel#: 06-25-020-107-032
Parking: Driveway, Gravel, No Garage, Outside, Paved, Deck, Parking Lot, Parking Pad
Security: Security System, Fire Alarm
Sewer: Public Sewer
Units: 3
Water: Public

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 524 Cleveland Street, Elyria, OH 44035
Fips
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