541 Cleveland StElyria, OH 44035

For Sale
$129,000

High-visibility retail & rental property.

Overview

Added:
Feb 3
Days on market:
38
This Elyria, OH property presents a unique investment opportunity encompassing two buildings on a 0.29-acre lot at 541 Cleveland Street. The main structure is a retail space, perfectly situated for a storefront business or office, benefiting from significant foot and vehicle traffic. Its prime location ensures excellent street visibility, maximizing exposure for any commercial venture. The second building is a residential house, offering potential for rental income or owner-occupied use. While requiring some renovations to reach its optimal condition, this residential component adds considerable versatility to the property. The combined potential of a thriving retail space and a rentable residential unit makes this an attractive proposition for investors seeking diverse income streams. The property's size and location in Elyria provide a solid foundation for a successful business and/or rental operation. The asking price is $129,000. Serious inquiries are encouraged to explore this promising investment opportunity further. The property's address is 541 Cleveland Street, Elyria, OH.

Property Details for 541 Cleveland St

Property type
Retail properties, Other retail properties
Year Built
1951
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.37579
Longitude
-82.08126
541 Cleveland St, Elyria, Ohio

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541 Cleveland St
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