632 Cleveland StreetElyria, OH 44035

632 Cleveland StreetElyria, OH 44035

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$209,000 Active
Commercial - Office MLS 5164858
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Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: chassity@octopodallc.com, 330-604-2363

Shown By

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

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Property Description

Prime mixed-use building at a high-traffic, signalized corner (Cleveland Rd & N. Abbe Rd) offering excellent visibility and strong commercial presence. The first-floor office/retail suite is ideal for retail, medical, legal, or personal services, with multiple private offices and two large meeting/reception areas. A one-bedroom unit on the main level produces $700/month (month-to-month). The second floor features a three-bedroom apartment rented at $900/month (month-to-month), providing immediate income with value-add potential. The lower level, previously used as residential, includes additional kitchens, bathrooms, and large open areas suitable for future conversion or storage. Property highlights include separate utilities, central air, vinyl windows, on-site laundry, and parking for 23 vehicles. Excellent owner-user or investment opportunity with multiple income streams and convenient access to major roads and highways.

632 Cleveland Street | MLS# 5164858

This commercial property located at 632 Cleveland Street, Elyria, OH 44035 is currently listed for sale with an asking price of $209,000. 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: Yes
Cooling: Central Air
Days on Market: 50
Heating: Gas, Hot Water, Steam
Lot Size: 0.37 Acres
Roof Type: Asphalt, Fiberglass, Rubber
Taxes: $5,169 / year
Year Built: 1920

Feature Descriptions

Building Features: Private Restrooms, Public Restrooms
Parcel#: 06-25-021-106-056
Sewer: Public Sewer
Water: Public

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 632 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

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