632 Cleveland St - Office/Residential FOR SALE


Elyria, OH 44035
$209,000 USD
216-374-3689
632 Cleveland St, Elyria, OH for Sale
$209,000 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
  • Versatile Commercial Space – The first floor is ideal for specialty retail, medical offices, law firms, or salons
  • Two residential units generating immediate income ($700 + $900 month-to-month)
  • Ample Parking & Key Amenities

OVERVIEW

Prime mixed-use building at a high-traffic, signalized corner (Cleveland Rd & N. Abbe Rd) offering excellent visibility and strong commercial presence. The first-floor office/retail suite is ideal for retail, medical, legal, or personal services, with multiple private offices and two large meeting/reception areas. A one-bedroom unit on the main level produces $700/month (month-to-month). The second floor features a three-bedroom apartment rented at $900/month (month-to-month), providing immediate income with value-add potential. The lower level, previously used as residential, includes additional kitchens, bathrooms, and large open areas suitable for future conversion or storage. Property highlights include separate utilities, central air, vinyl windows, on-site laundry, and parking for 23 vehicles. Excellent owner-user or investment opportunity with multiple income streams and convenient access to major roads and highways.

FOR SALE DETAILS

PRICE

$209,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

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 Notice.