1599 River RdElyria, OH 44035

For Lease
$12/SF/YR

Elyria, OH Shopping Center Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
Midway Crossing, a 179,646 square foot neighborhood shopping center in Elyria, Ohio, presents a compelling investment opportunity. This single-story, 16-suite property sits on 16.94 acres and offers spaces ranging from 1,234 to 25,200 contiguous square feet, ideal for a variety of retail tenants. Built in 1986, the center boasts a prime location in a main retail corridor, directly across from Midway Mall and conveniently situated near Target and Giant Eagle. Its strategic location provides easy access to SR 57 (Lorain Blvd), Interstate 80 (Ohio Turnpike), and Interstate 90, ensuring high visibility and accessibility for potential tenants and customers. The property is zoned for retail use and features a strong tenant mix including Planet Fitness, U-Haul Self Storage, Car Parts Warehouse, Olive Garden, Chipotle, Verizon, and Taco Bell. Below-market rents offer significant potential for increased profitability. The property's APN is 0624173000025, 0624172000039, and is located at 1599 W River Rd N, Elyria, OH 44035. Nine spaces are currently available, providing immediate income potential. This is a rare opportunity to acquire a well-located, established retail center with significant upside. The property's size and flexible space options cater to a wide range of retail businesses. The existing tenant roster demonstrates the center's proven ability to attract and retain high-quality tenants.

Highlights

  • 179,646 SF neighborhood shopping center in Elyria, OH.
  • Single-story, 16-suite property on 16.94 acres with spaces ranging from 1,234 to 25,200 SF.
  • Prime retail location across from Midway Mall, near Target & Giant Eagle.
  • Excellent access to SR 57, I-80, & I-90.
  • Strong tenant mix including Planet Fitness, U-Haul, and national brands.
  • Below-market rents offer significant upside.

Property Details for 1599 River Rd

Property type
Other retail properties, Retail properties
RSF (Rentable sq. ft)
179,646 SF
Year Built
1986
Buildings
1
Stories
1

Unit(s) available at that property

Space
#1561
Size
1,824 SF
Rate per SF
$12
Space
#1563
Size
2,750 SF
Rate per SF
$12
Space
#1561A
Size
1,737 SF
Rate per SF
$12
Space
#1579
Size
23,602 SF
Rate per SF
$12
Space
#1571
Size
2,925 SF
Rate per SF
$12
Space
#1565
Size
9,900 SF
Rate per SF
$12
Space
#1581
Size
2,750 SF
Rate per SF
$12
Space
#1573
Size
10,978 SF
Rate per SF
$12
Space
#1559
Size
1,234 SF
Rate per SF
$12

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.398002301941
Longitude
-82.105015517391
1599 River Rd, Elyria, Ohio

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1599 River Rd
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