1412 West AveElyria, OH 44035

For Sale
$189,000

Prime Retail Space & Rental Income

Overview

Added:
Feb 3
Days on market:
38
This exceptional Elyria property offers a newly renovated 2,072 sq ft retail storefront with three income-generating apartments above. Situated on a spacious 0.13-acre lot, the building features ample parking and a convenient turnaround driveway. The retail space is bright and inviting, boasting abundant natural light from new front windows, a half bath, and a large storage area with independent access. Recent upgrades include a power wash exterior cleaning, new exterior doors, and a freshly repaired blacktop driveway. Electrical systems have been modernized with new panels for each unit and the storefront, and new hot water tanks have been installed. Upstairs, you'll find two one-bedroom apartments and one two-bedroom apartment, all freshly painted with new light fixtures and flooring. The basement provides additional storage space and has also received a fresh coat of paint. This property presents a unique opportunity to combine business ownership with a reliable stream of rental income, making it an attractive investment. The combination of a well-maintained retail space and multiple updated apartments makes this a truly versatile and profitable property. The location offers excellent visibility and accessibility, further enhancing its investment potential.

Property Details for 1412 West Ave

Property type
Retail properties, Other retail properties
Square Feet
2,072 SF
Year Built
1900
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.35301
Longitude
-82.1105
1412 West Ave, Elyria, Ohio

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1412 West Ave
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