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412 E River St 20,160 SF 100% Leased Office Building Elyria, OH 44035 For Sale
Investment Highlights
- Historic landmark listed on the National Register of Historic Places
- Prime location adjacent to University Hospitals Elyria Medical Center
- High visibility with 5,000+ vehicles passing daily at medical district gateway
- 20,160 SF structure on a 1.12-acre site with two stories of space
- Flexible layout ideal for offices, medical suites, or mixed-use concepts
- Strong industrial heritage dating back to 1909 for authentic character
Executive Summary
Historic Redevelopment Opportunity: The New York Central Freight House
Unlock the potential of one of Elyria’s most significant architectural landmarks. Offered as a versatile blank canvas, this 20,160-square-foot structure is officially listed on the National Register of Historic Places. Currently vacant and ready for a fresh vision, this property cannot be replicated.
The Vision - Adaptive Reuse & Versatility:
-Unlike modern specialized builds, the "Mediclinic Building" features a footprint designed for flexibility. Whether you are looking to establish a single-tenant headquarters or return the building to its highly successful past as a multi-tenant professional center, the layout is ideally suited for:
-Private Professional Suites: The interior is prepared to be subdivided back into individual offices or clinical suites, allowing for multiple revenue streams from diverse professional tenants.
-Specialized Medical Fit-Out: Situated directly adjacent to University Hospitals Elyria Medical Center, the building is a prime candidate for a custom-designed outpatient clinic, diagnostic center, or surgical suite.
A Century of Resilience:
-This is not just a building; it is a survivor of Elyria’s industrial peak.
-Historical Discrepancy: While the National Register lists a 1923 date, Sanborn maps and NYCRR records confirm its life began as a Freight House in 1909.
-Industrial Pedigree: The structure predates the massive 1913–1923 rail elevation project and stood firm through the labor and material shifts of World War I.
Property & Location Highlights:
-Size: 20,160 Sq. Ft.
-Condition: Delivered vacant; an ideal "value-add" project for an investor or developer.
-Unbeatable Visibility: Located at the gateway to the medical district with 5,000+ daily vehicle passes.
-Strategic Hub: Just moments from the Black River Reservation, the Lorain County Justice Center, and the downtown business core.
Building the Future on a Solid Foundation:
-412 East River Street is ready for its next chapter. For the buyer with a vision, it offers the rare chance to combine modern commercial utility with the prestige of a national landmark.
Unlock the potential of one of Elyria’s most significant architectural landmarks. Offered as a versatile blank canvas, this 20,160-square-foot structure is officially listed on the National Register of Historic Places. Currently vacant and ready for a fresh vision, this property cannot be replicated.
The Vision - Adaptive Reuse & Versatility:
-Unlike modern specialized builds, the "Mediclinic Building" features a footprint designed for flexibility. Whether you are looking to establish a single-tenant headquarters or return the building to its highly successful past as a multi-tenant professional center, the layout is ideally suited for:
-Private Professional Suites: The interior is prepared to be subdivided back into individual offices or clinical suites, allowing for multiple revenue streams from diverse professional tenants.
-Specialized Medical Fit-Out: Situated directly adjacent to University Hospitals Elyria Medical Center, the building is a prime candidate for a custom-designed outpatient clinic, diagnostic center, or surgical suite.
A Century of Resilience:
-This is not just a building; it is a survivor of Elyria’s industrial peak.
-Historical Discrepancy: While the National Register lists a 1923 date, Sanborn maps and NYCRR records confirm its life began as a Freight House in 1909.
-Industrial Pedigree: The structure predates the massive 1913–1923 rail elevation project and stood firm through the labor and material shifts of World War I.
Property & Location Highlights:
-Size: 20,160 Sq. Ft.
-Condition: Delivered vacant; an ideal "value-add" project for an investor or developer.
-Unbeatable Visibility: Located at the gateway to the medical district with 5,000+ daily vehicle passes.
-Strategic Hub: Just moments from the Black River Reservation, the Lorain County Justice Center, and the downtown business core.
Building the Future on a Solid Foundation:
-412 East River Street is ready for its next chapter. For the buyer with a vision, it offers the rare chance to combine modern commercial utility with the prestige of a national landmark.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
20,160 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,800 SF
Building FAR
0.77
Lot Size
0.60 AC
Zoning
B-G - Business General District
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 06-25-081-000-001 | Improvements Assessment | $132,276 |
| Land Assessment | $40,821 | Total Assessment | $173,096 |
Property Taxes
Parcel Number
06-25-081-000-001
Land Assessment
$40,821
Improvements Assessment
$132,276
Total Assessment
$173,096
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412 E River St
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