632 Cleveland St - Office/Residential FOR SALE


Elyria, OH 44035
$269,000 USD
216-374-3689
632 Cleveland St, Elyria, OH for Sale
$269,000 USD
Office/Residential - FOR SALE
1/28
null | Request Cap Rate

632 Cleveland St
Elyria, OH 44035


HIGHLIGHTS

  • Prime Location & High Visibility – Situated at the corner of Cleveland Road and N. Abbe Road, this mixed-use commercial property offers exceptional ex
  • Versatile Commercial Space – The first floor is ideal for specialty retail, medical offices, law firms, or salons, featuring private offices and spaci
  • Rental Income with Value Add – Upper-level units rent for $650 (2-bed) and $575 (1-bed), offering strong value-add potential. The lower level, once a
  • Ample Parking & Key Amenities – With 23 on-site parking spaces, central air, vinyl windows, separate utilities, and laundry facilities, this property

OVERVIEW

Prime Mixed-Use Commercial Property in High-Traffic Location on the corner of Cleveland Road and N. Abbe Road. This versatile brick building offers outstanding visibility in a bustling commercial district, making it an ideal investment for business owners and investors. The first floor is perfect for specialty retail, medical offices, law firms, or salons, featuring multiple private offices and two spacious conference rooms or lobbies. The upper level includes two rental units—a one-bedroom and a two-bedroom—currently rented for $575 and $650, offering strong value-add potential. The lower level, previously used as a residential rental, features two kitchens, two bathrooms, and large living areas. Additional highlights include separate utilities, central air, vinyl windows, laundry facilities, and ample on-site parking for 23 vehicles. Whether you choose to occupy part of the space while generating rental income or lease out the entire property, this is a prime opportunity with convenient access to major roads and highways!

FOR SALE DETAILS

PRICE

$269,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

B-N Business Neighborhood

APN/PARCEL ID

06-25-021-106-056

ASK ABOUT THIS PROPERTY

Kas FilippovaeXp CommercialMore Info
216-374-3689

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Kas FilippovaeXp CommercialMore Info
216-374-3689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.