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This exceptional 3,736 square foot freestanding former bank branch, located at 361 Midway Blvd in Elyria, Ohio, presents a unique investment opportunity. Priced at $349,000 ($93.42/SF), this vacant property sits on a 0.66-acre lot and is zoned for Business General District (G-B). The property's APN is 06-24-031-106-037. Importantly, there are no restrictions on financial institutions for this location. This prime retail space benefits from its strategic position directly across from ICP's $42 million Midway Mall redevelopment project, ensuring high visibility and potential for increased foot traffic. The area boasts a robust retail environment, with nearby established businesses including Marc's, Giant Eagle, Target, Lowe's, The Home Depot, Goodwill, McDonald's, US Bank, Chipotle, PetSmart, GameStop, Buffalo Wild Wings, Applebee's, Taco Bell, Planet Fitness, Wendy's, Biggby Coffee, AutoZone, Discount Drug Mart, Dunkin', and Save-A-Lot, among many others. This property is offered for sale with a NNN lease type and is currently vacant, providing immediate occupancy for the new owner or tenant. The building is a single structure, offering a versatile space adaptable to various commercial uses. This is an excellent opportunity to capitalize on the revitalization of the Midway Mall area and establish a thriving business in a high-traffic location.
Highlights
3,736 SF freestanding former bank branch, available for sale or lease.
Parcel ID: 06-24-031-106-037.
0.66-acre lot.
Business General (G-B) zoning.
No restrictions on financial uses.
Across from Midway Mall's $42M redevelopment.
Property Details
for 361 Midway Blvd
Property type
Other retail properties, Individual retail properties
Square Feet
3,736 SF
Buildings
1
Location Insight
City
Elyria
County
Lorain
State
Ohio
Latitude
41.3989197
Longitude
-82.1101085
361 Midway Blvd, Elyria, Ohio
Nearby Similar for Sale
For Sale
$1,400,000
Elyria Retail Property - 11,080 SF
Former Rite Aid, prime downtown location. High traffic.
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