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445 Griswold Rd
Elyria, OH 44035
Office Property For Sale
Investment Highlights
- Fully occupied triplex investment opportunity
- Central Elyria location with strong visiblity
- Absolute NNN leases-low management passive income
Executive Summary
Investment Opportunity | Fully Occupied Triplex Office Building | Elyria, OH
Well-maintained, fully occupied triplex office building offered as a stabilized investment opportunity in a prime Elyria location. This 2,592 SF, single-story brick building is 100% leased with an absolute NNN lease structure, providing minimal landlord responsibilities and consistent cash flow.
Each unit features private restrooms, individual HVAC systems, front and rear entrances, and functional layouts ideal for a variety of office users. The property is professionally maintained with security system, signage, full carpeting, and central air conditioning throughout.
Situated on Griswold Road, the property benefits from excellent accessibility and visibility, with convenient connections to I-90, SR 57, SR 2, and I-80, making it attractive for tenants and investors alike. The site includes 18 shared parking spaces with additional land for potential expanded parking.
Property Highlights:
2,592 SF office building
Triplex configuration (3 units)
100% occupied
Absolute NNN leases
Zoned B-G (Business General)
Single-story, no steps (accessible)
18+ parking spaces with expansion potential
Strong Elyria location with highway access
This is an ideal opportunity for investors seeking a low-maintenance, income-producing asset in a stable and accessible market.
Well-maintained, fully occupied triplex office building offered as a stabilized investment opportunity in a prime Elyria location. This 2,592 SF, single-story brick building is 100% leased with an absolute NNN lease structure, providing minimal landlord responsibilities and consistent cash flow.
Each unit features private restrooms, individual HVAC systems, front and rear entrances, and functional layouts ideal for a variety of office users. The property is professionally maintained with security system, signage, full carpeting, and central air conditioning throughout.
Situated on Griswold Road, the property benefits from excellent accessibility and visibility, with convenient connections to I-90, SR 57, SR 2, and I-80, making it attractive for tenants and investors alike. The site includes 18 shared parking spaces with additional land for potential expanded parking.
Property Highlights:
2,592 SF office building
Triplex configuration (3 units)
100% occupied
Absolute NNN leases
Zoned B-G (Business General)
Single-story, no steps (accessible)
18+ parking spaces with expansion potential
Strong Elyria location with highway access
This is an ideal opportunity for investors seeking a low-maintenance, income-producing asset in a stable and accessible market.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,592 SF
Building Class
C
Year Built
1978
Price
$430,000
Price Per SF
$165.90
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,592 SF
Slab To Slab
10’
Building FAR
0.10
Lot Size
0.57 AC
Zoning
Commerical - G-B Business General
Parking
18 Spaces (6.94 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 06-23-016-102-008 | Improvements Assessment | $60,655 |
| Land Assessment | $31,591 | Total Assessment | $92,246 |
Property Taxes
Parcel Number
06-23-016-102-008
Land Assessment
$31,591
Improvements Assessment
$60,655
Total Assessment
$92,246
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