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Chronicle Telegram 225 East Ave 79,851 SF Industrial Building Elyria, OH 44035 $4,495,000 ($56.29/SF)

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INVESTMENT HIGHLIGHTS

1st Floor (±49,029 SF) - Warehouse: ±28,429 SF | Office: ±20,600 SF | 2nd Floor (±8,557 SF) | Basement (±20,348 SF)
Power: High Power 3-Phase, 3,000 AMPS, 480 V and Back-up CAT Generator
Income opportunity for sales leaseback – current tenant desires for long-term lease of ±28,000 SF of office space

Frontage: ±365’ on East Avenue | ±362’ on 2nd Street | ±274’ on 3rd Street
2 Docks | 1 drive-in door | 8 box truck doors
Parking: 93+ spaces

EXECUTIVE SUMMARY

This ±79,851 SF downtown Elyria property offers a unique opportunity to acquire a versatile and well-maintained facility ideal for warehouse, or light manufacturing use with office. Situated on ±2.64 acres with over 93 parking spaces, it features a functional blend of executive offices, conference rooms, break areas, and warehouse space with 18’ - 23’ ceiling heights, 2 loading docks, a drive-in door and eight box-truck doors. Designed for flexibility, the building’s multiple lobbies, kitchenettes, and ADA-compliant restrooms accommodate single or multi-tenant use, with additional office space on the second floor and more than 20,000 SF of basement storage, including a freight elevator. The current occupant, The Chronicle / Lorain County Printing and Publishing, is interested in leasing back approximately 28,000 SF of office offering investors immediate income potential and long-term stability. Please see pages to follow for additional details about Major Mechanicals, the neighboring Redevelopment Project, and Business Incentive Programs.

225 E Avenue Sale Brochure 11.24.25R

PROPERTY FACTS

Price	$4,495,000	Lot Size	0.50 AC
Price Per SF	$56.29	Rentable Building Area	79,851 SF
Sale Type	Investment or Owner User	No. Stories	2
Property Type	Industrial	Year Built	1951
Property Subtype	Warehouse Flex Light Manufacturing Office Office Residential	Tenancy	Single
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BD - Business Downtown District

Price	$4,495,000
Price Per SF	$56.29
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Office Office Residential
Building Class	C
Lot Size	0.50 AC
Rentable Building Area	79,851 SF
No. Stories	2
Year Built	1951
Tenancy	Single
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BD - Business Downtown District

Property Manager on Site

PROPERTY TAXES

Parcel Numbers	Multiple 06-26-060-000-017 06-26-060-000-016 06-26-054-000-018	Improvements Assessment	$1,461,107
Land Assessment	$116,061	Total Assessment	$1,577,167