632 Cleveland StElyria, OH 44035

For Sale
$239,900

High-Traffic Office & Rental Units

Overview

Added:
Dec 11, 2024
Days on market:
91
This prime Elyria, Ohio commercial property at 632 Cleveland Street presents a unique investment opportunity. The 0.37-acre lot houses a beautifully designed, historic-style brick building ideal for various uses, including office space, retail, or a mix of both. Previously utilized as a chiropractic/doctor's office, the building retains exam rooms and features two entrances, excellent street visibility, and ample parking for over 20 vehicles. The main building offers a large space potentially divisible into two units, along with a private laundry room and separate utilities. Three additional rental units are included, two currently occupied by long-term tenants, generating potential rental income exceeding $4000. A large basement, previously used as a residential rental, boasts two kitchens, two bathrooms, and spacious rooms. Recent upgrades include central air conditioning and vinyl windows. The building's high-traffic location, easy highway access, and significant parking make it an attractive proposition for owner-occupiers or investors seeking a strong return. The property is situated in Lorain County, Ohio, with a 44035 zip code.

Highlights

  • Prime Elyria, OH commercial property at 632 Cleveland Street, 0.37-acre lot.
  • Historic-style brick building, suitable for office, retail, or mixed-use.
  • Features two entrances, ample parking (20+ vehicles), and excellent street visibility.
  • Main building divisible into two units, includes private laundry, separate utilities.
  • Three additional rental units, two with long-term tenants, generating over $4,000 in potential annual rental income.
  • Large basement with two kitchens, two bathrooms, and spacious rooms.

Property Details for 632 Cleveland St

Property type
Other office properties, Other land
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.3775042
Longitude
-82.0778348
632 Cleveland St, Elyria, Ohio

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632 Cleveland St
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